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Ramping up supply chain resiliency

The vulnerabilities of highly globalized supply networks have been exposed by the turbulence of recent years. Some organizations have made significant strides in their plans to improve supply chain resilience since the start of the COVID-19 pandemic, McKinsey partner Tacy Foster and colleagues found in a recent survey of 113 global supply chain leaders. For example, dual-sourcing strategies were adopted by 81 percent of respondents, a leap from 55 percent who said the same in 2020.

While higher inventories and dual-sourcing strategies are the most common supply chain resilience measures, regionalization is gaining momentum.
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To read the article, see “Taking the pulse of shifting supply chains,” August 26, 2022.