Supply chain risk management (SCRM) involves identifying, assessing, and prioritizing supply chain risks. It helps companies develop strategies to enhance resilience and mitigate threats from suppliers, manufacturers, and logistics.
Tech companies face growing demands for new technology and innovation. Supply chain disruptions can cause delays that frustrate consumers and put companies behind their competitors.
The recent deluge of calamities and regional conflicts has also impacted supply networks worldwide. Recent restrictions on the Panama Canal and reduced traffic on the Suez Canal have further crippled supply lines. A solid SCRM plan ensures tech companies can quickly adapt to changes and recover from these interruptions.
