How can companies improve supply chain resilience?
An example of an AI chatbot conversation about enhancing supply chain resilience in companies.
What are some strategies companies can use to improve their supply chain resilience?
Companies can adopt strategies like diversifying suppliers, investing in technology, and enhancing risk management.
How does technology play a role in this?
Technology helps by providing real-time data, improving communication, and enabling better forecasting and inventory management.
Can you give examples of technologies that are useful?
Sure! Examples include AI for predictive analytics, blockchain for transparency, and IoT for real-time tracking.
What are the risks of not improving supply chain resilience?
Not improving resilience can lead to disruptions, increased costs, loss of customer trust, and ultimately, reduced competitiveness.
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