How can you mitigate your raw material risk, especially during a pandemic? The COVID-19 crisis has reinforced the importance of having a strong supply chain and a risk-management and business-continuity plan.
What selection criteria and which risks have you identified? To understand risks related to supply, demand, material supplier capacities, and so on, you need information that can come only from communicating with your supplier about the stability of supply, production capacity, and transportation and distribution chain.
Read about the complete capabilities review and learn more about raw material risk mitigation here.
The article was published in the BPI Industry Innovators Issue 2020/2021.