3. Why Supply Chain Resilience is Important
Most spiders have eight eyes, which helps the arachanids simultaneously take in the big picture, along with small details. And having a total view of risk is kind of like having that intuitive spider-sense. It serves to protect your supply chain from otherwise unforeseeable attacks. In other words, you and your team can react almost instinctively to the slightest sign of disturbance to your network. And as procurement and supply chain professionals, you know that threats are lurking at every turn.
If you are unable to monitor, identify, assess and mitigate risk throughout your supply network, you remain vulnerable to threats and disruption. Hidden bottlenecks or diamond risks, when tier-1 suppliers buy from the same sub-suppler, can rip a hole through the operations of the entire network. The costs of disruption frequently range into the millions.