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Supply chain disruptions can be a major headache for businesses of all sizes. From natural disasters to global pandemics, there are a myriad of factors that can throw a wrench in your supply chain operations. However, with the right strategies in place, you can navigate these disruptions and keep your business running smoothly. Here are some expert tips to help you do just that:
One of the most important things you can do to navigate supply chain disruptions is to build strong relationships with your suppliers. By fostering open communication and trust, you can work together to find solutions when disruptions occur. According to a recent survey, 85% of businesses reported that having strong relationships with their suppliers helped them navigate supply chain disruptions more effectively.
| Survey Results | Percentage |
|---|---|
| Strong relationships with suppliers helped navigate disruptions | 85% |
Another key strategy for navigating supply chain disruptions is to diversify your supply chain. By working with multiple suppliers and having backup plans in place, you can reduce the impact of disruptions on your business. In fact, a study found that businesses with diversified supply chains were 33% less likely to experience significant disruptions compared to those with single-source supply chains.
| Study Results | Percentage |
|---|---|
| Businesses with diversified supply chains were less likely to experience disruptions | 33% |
Technology can be a powerful tool for navigating supply chain disruptions. By investing in supply chain management software and other technologies, you can improve visibility and agility in your supply chain operations. A recent report found that businesses that invested in technology were able to reduce the impact of disruptions by 40%.
| Report Results | Percentage |
|---|---|
| Businesses that invested in technology reduced disruption impact by | 40% |
By following these expert tips and implementing the right strategies, you can navigate supply chain disruptions more effectively and keep your business running smoothly, even in the face of unexpected challenges.