Supply Chain Risk

Supply chain risk refers to the potential issues that can disrupt the flow of goods and services from production to delivery. These risks can arise from various sources, such as natural disasters, geopolitical events, supplier failures, or changes in consumer demand. When any part of the supply chain is affected, it can lead to delays, increased costs, or shortages of products. Businesses must identify and manage these risks to ensure a smooth operation, maintain customer satisfaction, and protect their financial stability. Effective risk management involves planning, monitoring, and creating contingency plans to minimize disruptions.