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Global supply chain risks have become a critical concern for retailers, as disruptions in one part of the world can quickly cascade and affect operations globally. Factors such as natural disasters, geopolitical tensions, trade wars, pandemics, and blockages in major shipping lanes can severely impact product availability, lead times, and cost structures. For a retailer, these risks can translate into stockouts, lost sales, decreased customer satisfaction, and reputational damage. Moreover, the interconnected nature of modern supply chains means that vulnerabilities in suppliers, logistics partners, or manufacturing hubs can have far-reaching consequences, emphasizing the need for proactive risk management. To build a resilient supply chain, retailers must _____ _____ _____ __________ _________.
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