CEOs need to step up to protect global supply chains from growing risks
🌎 CEOs need to step up to protect global supply chains from growing risks.
By moving out of a reactive mode and proactively addressing supply chain resilience, CEOs can identify and mitigate risks before they become major disruptions. This can help to minimize the impact of disruptions and maintain business continuity. Proactive supply chain management can also help to reduce costs associated with disruptions, such as increased transportation costs or inventory carrying costs. By investing in supply chain resilience, CEOs can save costs in the long run. Companies with resilient supply chains are better positioned to respond to changing market conditions and customer demands and this can lead to a competitive advantage over companies with less resilient supply chains.
The COVID-19 pandemic has pushed companies to prioritize work-life balance, leading to happier, more productive employees.