#389 – HOW SMALLER SUPPLIERS CAN DEVELOP RISK MANAGEMENT STRATEGIES FOR THEIR SUPPLY CHAINS – KATIE RAPP

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The COVID-19 pandemic brought to light a stark reality about current supply chains. As Nissan Motor Co.’s Chief Operating Officer Ashwani Gupta points out, “The just-in-time model is designed for supply-chain efficiencies and economies of scale. The repercussions of an unprecedented crisis like COVID highlight the fragility of our supply-chain model.” The U.S. supply chain has so far struggled to adapt and restock pandemic-depleted inventories. There are industrywide shortages and a lag in how many manufacturers are responding. Continue reading