An earthquake damages your manufacturing facility, a strike at a port has delayed shipments to your store or political uncertainty has left your planning and forecasting in chaos. Today’s supply chains are complex global networks that face a growing host of risks, including natural disasters, labor unrest, transportation delays, political uncertainty and cyberattacks.
Fortunately, through the use of technology and data analytics, there are ways for commercial shippers and service providers to mitigate these risks. Here’s a closer look at the tools and strategies that are helping businesses manage risk as their shipments make their way around the world.