Managing risk is likely to be the biggest issue facing supply chain management companies in the near future, it has been claimed, as both the natural environment and geo-political environment begins to change.
Greg Webster, a partner in a major software developer and consultant, has said that: "Globalisation and expansion into low-cost countries have made supply chains inherently unstable for a number of reasons.
"Most supply chains today are characterised by great distance, poor visibility and increasingly complex communication issues, with time-zone differences, language barriers, longer lead-times and shorter product life-cycles all thrown in to keep supply chain professionals constantly on their toes."
Supply chain management is becoming more demanding as even medium-sized companies are able to take advantage of international suppliers, and as such put themselves at risk of more complex problems.
Contracting a third-party supply chain management company could offer a company the chance to make efficient changes to a company's supply chain.
A supply chain management company could also provide knowledge of wider issues such as managing risks, which in-house management may be unaware of.
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