Disaster-Proof Your Supply Chain: Strategies for Reducing the Chances of Disruption
Whether it’s a hurricane headed for your warehouse in Texas or political unrest threatening your manufacturing plant in India, all organizations are potentially vulnerable to disasters in their supply chain
In August 2015, for instance, Typhoon Soudelor hit Taiwan, causing massive disruptions to the global supply chain with a financial impact of more than $20 billion that required 29 weeks of recovery time.
Consider these three tactics to minimize exposure to critical or overly risky links in your supply chain.
Step 1: Find the Gaps and Quantify Risks
Large-scale natural disasters teach us that managing catastrophic risk requires a proactive strategy rather than a reactive one.
Subscribe to receive UPS Capital email communications
To stay on top of the latest insights, news and announcements, enter your contact information and select your areas of interest. *Required fields.
By subscribing, you consent to receive special offers and news from UPS and its affiliates. You may unsubscribe at any time.
For more information on our privacy practices, please consult the UPS Capital and UPS Privacy Notices available on upscapital.com.