Global Supply Chains have been the dominant paradigm for the past thirty years or more. In this episode learn why that is so. Listen to what Professor Hines has to say on this topic.
” Volatility suggests instability and unpredictability. Chain reactions occur when chemicals added to existing chemicals cause further reactions that spread throughout the system. ” Volatility in supply chains has a similar effect “A series of events happen each caused by the previous event. Supply chains are said to be volatile when there is uncertainty in a part of the network that causes reactions elsewhere in the system. Supply chains are dynamic systems and a change in one node in the network can impact the whole system.” This is what Tony Hines said about volatility in his article of the same title: Volatile Global Supply Chains – Tony Hines Blog (wordpress.com)
So how can we minimise disruptions or manage them better?
This is why you should listen to the Chain Reaction Podcast – All About Supply Chain Advantage. Evidenced based opinion delivered directly to you about everything happening in supply chains affecting business. Stay informed about supply chains by listening to Chain Reaction – subscribe today.