Decentralized Sourcing and Localized Production
Why? Diversifying sourcing and incorporating localized production can significantly mitigate supply chain risks, such as geopolitical tensions or natural disasters.
Example: Unilever has multiple sourcing points and localized manufacturing units to minimize supply chain disruptions.
According to a study by PwC, 73% of COOs identify increased competition and rising supply chain risks as a significant operational challenge.
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