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Managing supply chain risk in the automotive industry requires a proactive approach and a focus on preparedness. Some key strategies to address and mitigate risks include:
Allows supply chain managers to visualize the flow of materials, information, and goods from raw material suppliers to the end customer.
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By diversifying suppliers, companies can reduce the impact of geopolitical tensions or trade disputes between countries that may disrupt the flow of goods.
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By having a well-thought-out contingency plan in place, businesses can minimize the impact of disruptions on their operations, customers, and overall performance.
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By sharing information and insights, businesses and their partners comprehensively understand the supply chain network.
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Ceres Nostradamus is a supply chain risk management and predictive analytics AI engine designed to integrate data from an unlimited number of sources to predict when a disruption or delay in the supply chain will occur.
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