What are the Common Risks to Supply Chain Stability?
Natural Disasters: Events such as earthquakes, floods, and hurricanes can disrupt the physical infrastructure of the supply chain. Economic Fluctuations: Changes in the economic environment, such as recessions or inflation, can affect supply chain costs and availability. Political Instability: Geopolitical events, such as wars or trade restrictions, can halt the movement of goods across borders. Supplier Reliability: Dependence on a single supplier or unreliable suppliers can lead to disruptions if they fail to deliver on time. Technological Failures: Issues like cyber-attacks or IT system failures can cripple supply chain operations.