How Global Volatility and AI Will Impact Your Supply Chain
Managing geopolitical risk has always been a part of procurement and supply management’s job, but as new sources of supply volatility emerge and the threat of tariff escalations increase, managing these risks has become critical. In an environment of overall declining prices in technology industry, driving cost reduction has been the relatively straightforward and the standard measure of procurement success. Volatile markets have shaken the assumption behind slow but consistent cost reductions however, and many electronic manufacturers will need to shift their goal to ensuring continuity of supply and perhaps limiting price increases. With the rise of supply chain analytics and new technologies paving the way for supply chains, it is critical to be prepared for what is to come.