Determining the correct risk-benefit balance is key to deciding whether and how to mitigate certain supply chain risks, writes JB Dagley of Global Supply Chain Solutions. According to Dagley, supply chain professionals should focus not only on the downside of the risks but also on the potential upside, such as growth opportunities. Companies should also invest in modern software applications to boost the efficiency of their risk mitigation activities, he adds.
Mitigating supply chain risks requires balance, expert says
SmartBrief Job Listings for Food & Beverage