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Despite numerous supply-chain upheavals inflicted by disasters in the last decade — including the eruption of a volcano in Iceland, the Japanese earthquake and tsunami, Thailand floods, and Hurricanes Maria and Harvey — most companies still found themselves unprepared for the Covid-19 pandemic. In fact, following the outbreak in China, 70% of organizations were still in data collection and assessment mode, manually trying to identify which of their suppliers had a site in the specific locked-down regions of China. The disruption was significant and far reaching.
It’s no wonder the last 10 months have caused most companies to reassess their supply chain risk management programs, specifically the importance of mapping their supplier networks. Consider this: In a recent survey of 600 procurement professionals by Supply Chain Quarterly, 73% are planning large-scale changes and half say the peak impact of Covid-19 will be within the next six months.
Ask yourself: do you know where all your high-spend suppliers are? What about your high-spend suppliers’ suppliers?
Please join us for a webinar on Thursday, November 5 at 10am PT / 1pm ET. Resilinc’s CEO, Bindiya Vakil and Managing Director, David Chevalier, will discuss supply chain mapping insights including:
- Why supplier network mapping needs to be a top priority when it comes to supply chain resiliency
- What makes for a successful multi-tier mapping model and why not all mapping processes are created equal
- How technology and AI is playing a role in helping companies map their networks
- Case studies of those organizations who have successfully mapped their networks
We hope you can join us!
