When it comes to supply chain management, volatility is the most difficult to control. Supply chain volatility does not mean “explosiveness”, but instead “a fluctuation in the size and frequency of actual demand versus that what has been planned,” though it can seem more like explosiveness in the amount of stress it can cause to those involved.
With the unpredictability of the current economy, volatility is more often experienced which makes it more difficult for businesses to think beyond the short term. This can cause even more volatility, and a never-ending cycle for businesses to cope with.
To stop perpetuating the “explosiveness” of supply chains, DHL gives advices on which key factors need more focus to reduce the effects of volatile events. To stay one step ahead and help tame instability in your company’s supply chain, please click the green button below.
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