Authors: Dr. Nikhil Verma, Ms. Sophia Martinez
Abstract: Global supply chains have become increasingly complex and interconnected, making them vulnerable to disruptions caused by natural disasters, geopolitical tensions, pandemics, and logistical failures. Such disruptions can significantly impact production, distribution, and profitability. This paper examines the causes and consequences of global supply chain disruptions and explores risk management strategies adopted by modern businesses. It discusses approaches including diversification of suppliers, inventory management, adoption of technology-driven solutions, and strategic partnerships. Case studies from multinational corporations illustrate effective risk mitigation practices, highlighting the importance of resilience and agility in supply chain management.
Keywords: Supply Chain, Disruption, Risk Management, Resilience, Agility, Global Business, Inventory Management, Strategic Partnerships
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