More resilient supply chains after the crises
Pandemic, war, and component shortages revealed the fragility of long supply chains. Here is what Portuguese companies are changing.
Pandemic, war, and component shortages revealed the fragility of long supply chains. Here is what Portuguese companies are changing.
Less dependence on a single supplier
The first lesson was about concentration. Companies with a single supplier for critical components were stalled for weeks. Today, the rule is to have at least two qualified sources for materials that could halt production.
Strategic stock, not excess stock
After the shortages, many companies increased all their stocks and tied up capital. The balance lies in segmentation: high safety stock for what is critical and difficult to replace, and fast replenishment for the rest.
Visibility
Finally, the most resilient companies share forecasts with suppliers and track orders in transit in real time. Information arrives sooner, and so do the decisions.
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