What Factors Contribute to Supply Chain Complexity?
Several factors contribute to supply chain complexity:
1. Globalization: Operating on a global scale introduces multiple variables such as different regulations, languages, and cultural differences. 2. Technology: Rapid advances in technology require constant updates and adaptations in supply chain processes. 3. Customization: Increasing demand for personalized products adds layers of complexity in production and logistics. 4. Supplier and Vendor Relationships: Managing multiple suppliers and vendors can complicate procurement and logistics. 5. Risk Management: Mitigating risks such as natural disasters, political instability, and cybersecurity threats adds additional layers of complexity.