What are the main risks associated with global sourcing?
An example of an AI chatbot conversation about global sourcing risks.
What are the main risks associated with global sourcing?
The main risks include supply chain disruptions, quality control issues, and geopolitical instability.
Can you elaborate on supply chain disruptions?
Sure! Supply chain disruptions can occur due to natural disasters, political unrest, or pandemics, affecting delivery times.
How can companies mitigate these risks?
Companies can diversify suppliers, maintain safety stock, and invest in technology for better visibility.
What role does technology play in global sourcing?
Technology enhances communication, improves supply chain visibility, and helps in data analysis for better decision-making.
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