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The Case for "Smart Diversification": Adding More Suppliers Isn’t Resilience (It’s Chaos)
When companies ask for their Supply Chains to be more resilient, they usually mean they want less chaos when things don't quite work out. When a material is unavailable to make a product, that shouldn't stop a production. There should already be an alternative that prevents production from slowing down. Most executives I speak with (90%) have the correct instinct to simply add a back up supplier. You single source a component? You go find a second source, maybe even a third t

Mark Chisholm
Feb 33 min read
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