How can businesses improve supply chain resilience?
An example of an AI chatbot conversation about enhancing supply chain resilience.
How can businesses improve supply chain resilience?
Businesses can improve supply chain resilience by diversifying suppliers, investing in technology, and enhancing risk management.
What role does technology play in this?
Technology helps by providing real-time data, enabling better forecasting, and automating processes to respond quickly to disruptions.
Can you give examples of technologies that are useful?
Sure! Examples include AI for predictive analytics, blockchain for transparency, and IoT for monitoring supply chain conditions.
What are some common risks to supply chains?
Common risks include natural disasters, geopolitical issues, supplier insolvency, and sudden changes in demand.
How can companies prepare for these risks?
Companies can prepare by conducting risk assessments, developing contingency plans, and regularly reviewing their supply chain strategies.
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