Supply Crisis
Agree Tony. Obviously most companies didn’t ‘stress test’ their supply chains for potential disasters. Then ranking them by likelihood and financial impact to guide decisions to guard their businesses if it happened.
Typically, that would involve having second suppliers/sources and or holding inventory. There should be a balance between running operating costs and strategic failure. Inventory is usually held to buffer replenishment lead times but it can also be held to buffer against total supply line failures.
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