By identifying the biggest risks and coming up with mitigation strategies, companies can navigate their way through the supply chain safely and efficiently.
Supply Chain Hazard #3: Safety Threats
The fact is, every supplier is a potential liability, and a single misstep in the supplier selection process can cost you billions of dollars in lawsuits, damages and stoppage costs. However, companies can take several steps to bolster safety, such as having emergency action plans, effective communication, effective contractor screening and more. At the end of the day, safety is essential to the supply chain industry, and companies must insist on sending workers home safely each day.