supply chain risks

Language: en

📖 Definitions

  1. Potential threats or vulnerabilities within the network of organizations, resources, activities, and technologies involved in the creation and delivery of a product that could disrupt operations, increase costs, or damage reputation.; A category of risk management concerns related to procurement, logistics, production delays, supplier reliability, and external shocks such as natural disasters or pandemics.

💬 Examples

  1. The company implemented new strategies to mitigate supply chain risks caused by geopolitical instability.

  2. Supply chain risks have become a top priority for global manufacturers following recent port closures.