Recent occurrences, such as the pandemic and the semiconductor shortage, have called into question long-standing "just-in-time" techniques and encouraged companies to reconsider and adapt their global supply chain models. This revolution in supply chain dynamics and supply chain quality assurance has compelled organisations all over the world to rethink their risk mindset. Uncertainty is a fact of life.

There is enormous potential for enterprises who can adapt to this climate to profit from the uncertainty. The key to minimising interruption and enhancing supply chain agility is to develop a better approach to risk management through the adoption of digital quality and safety control systems.

The landscape of supply chain management has permanently changed. As our reaction to COVID-19 becomes routine, it's evident that the supply chain issues that have plagued the industry for the previous few years are here to stay. Global supply networks are under continual strain, whether it's due to the oil crisis or the newest geopolitical upheaval. Businesses must develop innovative ways to acquire full insight throughout their operations in order to avoid dangers.

Visibility into the supply chain is necessary

In the face of unexpected demand and irregular supply, lean supply chain management is seen as a safe method of doing business, yet it's increasingly appearing like a dangerous alternative. In a fast-changing environment, the traditional paradigm struggles to provide the flexibility and agility required for resilience.

More modular ways to sourcing are becoming more common, but they come with their own set of issues. New suppliers and unproven connections are inherently riskier and need close monitoring, especially in the short term.

Simultaneously, the nature of supplier risk has changed, with ESG performance and cybersecurity rising to the top of every company's priority list. Large organisations, with more varied supply chains and more complicated technologies, face larger risks. Despite the intricacy, the issue is to retain visibility.