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Small Manufacturers Can Develop Risk Management Strategies for Their Supply Chains

Here’s how

Katie Rapp
Wed, 08/31/2022 - 12:03
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The Covid-19 pandemic brought to light a stark reality about current supply chains. As Nissan Motor’s chief operating officer Ashwani Gupta points out, “The just-in-time model is designed for supply-chain efficiencies and economies of scale. The repercussions of an unprecedented crisis like Covid highlight the fragility of our supply chain model.” The U.S. supply chain has so far struggled to adapt and restock pandemic-depleted inventories. There are industrywide shortages and a lag in how many manufacturers are responding.

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