Over the past few years, the world has faced a massive upheaval. The covid-19 pandemic, trade disputes, tariffs and civil unrest are disrupting every aspect of life, everywhere on the globe. Global supply chains have been profoundly affected by dramatic swings in shipping costs, travel bans, quarantine requirements, lock-downs, and emergency measures, as governments struggle to regain stability and restart economies… thankfully we are coming through the other end of these disruptions, but companies are still struggling to adapt to the new realities of doing business.

By now, you’re probably still in the thick of things trying to manage rising costs and maintain continuity of supply so a discussion of supply chain risks is redundant. The risks are your day-to-day, but there are things you can still do to protect and enhance your supply chain from further disruptions.

Addressing your supply chain risks now can help you protect your supply chain, as the slow recovery continues to unroll—and in the years beyond, as the world recovers and adjusts to new realities.

And If it isn’t obvious by now, here it is again: 2021 had seen nations shut down their entire supply network, and even now during  2023 we’re not entirely out of the woods yet. If you haven’t done it already, you need to diversify and enhance your supply chain right now.

You also need to be smart about how you do it, by picking suppliers and partners and countries that represent the lowest risk, while still offering the economic models you require.