What Are the Challenges in Implementing Supply Chain Strategies?
Implementing supply chain strategies is not without its challenges. Some common issues include:
- Complexity: Managing a global supply chain can be highly complex, involving multiple suppliers, regulations, and transportation modes. - Technology Integration: Integrating new technologies into existing systems can be difficult and expensive. - Risk Management: Identifying and mitigating risks such as supplier disruptions, geopolitical issues, and natural disasters is crucial. - Sustainability: Increasingly, companies are under pressure to make their supply chains more sustainable, which can involve significant changes in sourcing and production practices.