supply chain management:

How Can Entrepreneurs Mitigate SCM Risks?

Risk mitigation strategies include:
1. Diversifying Suppliers: Relying on multiple suppliers can reduce the dependency on a single source and mitigate risks.
2. Contingency Planning: Having a contingency plan for unexpected disruptions can help maintain business continuity.
3. Regular Audits: Conducting regular audits of the supply chain can help in identifying potential risks early.
4. Insurance: Investing in supply chain insurance can cover losses due to disruptions.

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