Supply Chain Risk Strategies for Emerging Markets: Understanding the Importance of Risk
As economic growth stagnates in developed economies, companies are seeking growth opportunities in what are known as the “emerging markets” that are growing at near double-digit rates. However, risks also continue to grow, especially across supply chains, requiring companies to implement strategies to reduce risks and costs.
Companies need to understand the differences in the supply chain and operational risks that exists within each country and region and identify strategies and solutions for managing vulnerabilities and mitigating risk.
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