Navigating Supply Chain Challenges: even more complicated for SMEs
Small and Medium-sized Enterprises (SMEs) face unique challenges in managing their supply chains, including limited resources, lack of visibility, and dependence on key suppliers. There are however practical strategies for overcoming these challenges, such as leveraging cost-effective solutions, enhancing visibility through technology adoption, and building robust supplier relationships. Other considerations are the complexity of global supply chains, sustainability, and cybersecurity risks. Despite these challenges, SMEs can navigate them effectively through strategic planning and with the help of external expert support.
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