The Importance of building supply chain resilience
Vincent McGrath
Senior Supply Chain Business Director
Introduction
Traditional supply chains were designed to strive for lean JIT systems or holding just the right amounts of inventory in the right place at the right time to optimize cost. Globalization has led to geographical and vendor concentration in low-cost locations to reduce costs with much of the focus on Tier1 suppliers and not looking beyond that to Tier 2 and Tier 3 suppliers where many of the vulnerabilities and...