What are some effective case studies in supply chain risk management?

What are some effective case studies in supply chain risk management?

There are several notable case studies in supply chain risk management. For instance, the 2011 earthquake in Japan significantly impacted global supply chains, leading companies to rethink their risk management strategies.

Can you give me more details about that case?

Sure! After the earthquake, many companies faced disruptions due to their reliance on single-source suppliers. Toyota, for example, implemented a multi-sourcing strategy to mitigate future risks.

What other strategies can companies use to manage supply chain risks?

Companies can adopt strategies like diversifying suppliers, investing in technology for real-time monitoring, and developing contingency plans.

Are there any specific industries that are more affected by supply chain risks?

Yes, industries like automotive, electronics, and pharmaceuticals are particularly vulnerable due to their complex supply chains and reliance on global suppliers.