Companies can strengthen supply chains by mapping risks, applying scenario planning, and leveraging smart technologies. Key strategies include supplier diversification, nearshoring production, and balancing lean operations with safety stock.
Manufacturers can strengthen resilience by reshoring or nearshoring production, diversifying suppliers, adopting just-in-case inventory, and using tariff strategies, all supported by cloud-native PLM and QMS platforms for real-time insights and collaboration…
Recent shifts in global trade policies have brought about a surge in new tariffs, causing substantial volatility across manufacturers’ supply chains. In our conversations with supply chain experts across various industries, we’ve learned that most organizations are trying to understand the financial implications to their business. Moreover, they are reluctant to make any major operational...
