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In present-day multi-tier supply chains, production processes and sourcing needs are distributed across thousands of suppliers operating beyond borders. While this helps companies drive economic efficiency, distributed supply chain networks often run at the cost of resilience and transparency.
Evolving regulatory requirements and the market volatility caused by the COVID-19 pandemic have transformed how companies approach supply chain risk management. The need of the hour is to monitor, evaluate and gain complete control over new and evolving supply chain risks that continuously threaten to disrupt businesses while causing bottom-line impact.
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