Partnerships in Global Supply Chains Boost Resilience and Lower Risks
Global supply chains are becoming more vulnerable to risks due to their expansion. Companies are forming partnerships to manage these risks better. This study suggests that collaborating with partners can improve the resilience of supply chains. By analyzing data and running simulations, the researchers found that partnerships positively impact the integration of risk management systems in supply chains. This means that working together with partners can help businesses operate more smoothly and effectively in the face of potential risks.