Supply Chain vs Local Development

Looking at the global perspective in whole and analyzing future trends and needs of world Supply Chain scenarios, it is best that we must try to consolidate our resources to the maximum utility, we must try to locally source most of the spares and at the same time make discarded materials reusable with slight cost incurred in order to save on new purchases and the time period involved with complexities of import presently being experienced world over and resulting in shortages of raw materials for the finished products with ever rising costs making them too expensive for the end user.

?We can enjoy more success by working together. We will need to focus on fortifying your relationships with our team members, vendors, and?to increase collaboration and cooperation at each step in the supply chain. Share information, proactively solve problems to avoid creating more work, and address unexpected issues as they arise. The stronger our relationship becomes, the more we stand to gain from it.?In an increasingly volatile and unpredictable world, the supply chain is constantly at risk of disruption. We cannot control the weather, predict political events, or foresee the effects of an unprecedented pandemic — but we can control how our supply chain prepares for and responds to these threats.?It’s our responsibility to decrease that risk as much as possible?so our supply chain remains stable during uncertain times. The steps we need to take to improve the resiliency and flexibility of our supply chain will depend on what the biggest potential disruptions are. For instance, if we source raw materials from a politically volatile area, we could look into sourcing that material from another geographic area that is more stable. Should anything change, we can pivot quickly and minimize the impact of that disruption. Simply put, thinking about the disruption and our planned response in advance will help us thrive amid these shifts and uncertainties