The supply chain is a critical component of any business, and supply chains must function even when things don't go as expected. Having a contingency plan enables businesses to react proactively if an unexpected event or opportunity, such as a surge in activity, occurs.
No matter the size of your business, supply chain networks can change quickly, and you must be able to react just as fast. Time-sensitive deliveries, lean supply chains, increased demand uncertainties and shorter product lifecycles all necessitate the ability to adjust operations when change arises. Having an agile supply chain can give you a strategic advantage over your competition and allow you to handle disruptions or take advantage of new opportunities.