Mitigating Raw-Material Risks During a Pandemic

摘要

The COVID-19 crisis has reinforced the importance of having a strong supply chain and a risk-management and business-continuity plan. How can you mitigate your raw-material risk, especially during a pandemic?Risks When Choosing a Raw Material Supplier: How do you select your critical raw-material suppliers? What selection criteria and which risks have you identified? To understand risks related to supply, demand, material supplier capacities, and so on, youneed information that can come only from communicating with your supplier about the stability of supply, production capacity, and transportation and distribution chain.