While the next generation of advanced manufacturing is likely to look different from the assembly lines of the past, the risks and challenges industry must consider to ensure any new operations are resilient from the outset, are both similar and different.
With so many factors to consider as they re-shape the supply chain to navigate disruption and meet evolving customer and stakeholder expectations in 2020 and beyond, it’s never been more important to take a data-driven approach to strengthening supply chains.
One of the biggest risks businesses may experience in the next 12 months is the postponement of risk management and mitigation processes. As businesses reassess, reframe, adjust and adapt, our advice to all businesses is that these cutbacks must be short-lived, if they happen at all.
Risk can take many forms. As important as it is for company directors to monitor risks from the pandemic, a close eye must also be kept on more traditional property risks including fire or damage from natural disasters.