Balancing Risk and Efficiency: Strategies for Global Supply Chain Realignment

Since the pandemic, significant geopolitical and climate disturbances have happened worldwide, bringing uncertainty to supply chains worldwide. The United States released a review to assess the vulnerabilities within supply chains of four critical product groups (semiconductor manufacturing and advanced packaging; large capacity batteries; critical minerals and materials; pharmaceuticals and active pharmaceutical ingredients).

Even though the U.S. government released the report focusing on its geography, the challenges and recommendations mentioned apply to other countries across the globe in varying degrees and for different types of products. The challenges mentioned in the report have been relatively well-known to businesses with complex global supply chains. However, taking concrete actions to reduce supply chain vulnerabilities would require the CXOs to align their expectations to ground realities.

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