Promoted content: Q&A - Unlocking supply chain resilience

What has become clear in recent months is that what were previously thought of as ‘once in a lifetime events’ that can threaten supply chain resilience are happening more frequently. The current pandemic, and other events: extreme weather, large-scale IT failures, and geo-political threats have drastically impacted the supply relationship between customer and supply partner.

To guard against this, it is important to carry out a full risk assessment across the supply chain so engineering businesses have a better understanding about their resilience.  Critically, resilience should also be a key factor in the procurement decision making process alongside cost.

The past twelve months have highlighted the fragility of global supply chains.  As a result, at RS Components, we are increasingly seeing a return to localisation when it comes to sourcing and supply arrangements so engineers can feel more confident about security of supply.  We are being asked more questions around stock location and product manufacture and if this is UK-based, as opposed to being reliant upon global procurement models.