Severe disruptions during the pandemic caught many businesses by surprise, offering very little time to react to one emergency after another, scrambling to cope with allocations, leaping into crisis mode when shortages or delays loom, and spending wildly to procure quickly from alternate sources and expedite freight. Black swan events such as these have made organizations rethink their strategy, moving away from a traditional reactive approach to a modern-day proactive risk mitigation approach that heavily emphasizes supplier visibility. A robust supply resiliency program can help companies build resilient, sustainable, fair, and secure supply chains that enhance brand value, a greater com
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