Risk management is a critical component of effective supply chain management, helping organizations identify, assess, and mitigate potential risks that could disrupt operations. This article explores the importance of risk management in the SCM market and strategies for effective risk mitigation.
1. Understanding Supply Chain Risks
Supply chain risks can arise from various sources, including:...
The Supply Chain Management Market Size is expanding rapidly as digital technologies redefine logistics, procurement, and production systems worldwide. With a valuation of USD 34.36 billion in 2024, the market is expected to reach USD 110.49 billion by 2035. The strong CAGR of 11.2% reflects the sector’s pivotal role in modernizing global trade through automation, AI, and cloud...
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