Disruption in supply chains is not a new concept. Whilst multinational companies have turned to globalisation to enable rapid growth and expansion, the very nature of these expanded networks leaves them susceptible to external risks. Extreme weather, geo-political conflict and unexpected bottlenecks are just some of the factors that can impact the entire value chain at the click of a finger. Kapila Mehta, VP Sustainability, Power Products Global Business at Schneider Electric explains.
However, in recent years many companies have been looking to incorporate a more local approach into their strategies. A shift has been underway in supply chains to combat this disruption, with a growing emphasis on embracing a mix of global and local — a move to glocalisation. As a result, many businesses are now recognising…
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