Managing Diverse Supply Chains for Innovation and Capacity Building

Changing business dynamics and globalization have made it imperative that supply chains provide innovation and minimal risks in supplying critical resources as companies grow and expand.
By Andrew Hale

Saying the business environment is dynamic today is like saying the sky is blue. Globalization has been a primary impetus for that dynamism, but many companies expanding on a global basis are discovering they are not fully utilizing the enormous potential of diverse suppliers in the global supply chain to produce innovation or to assist with meeting other business challenges.

Developing a diverse global supply chain can reap enormous benefits that include innovation and reduced risks, but it takes leadership that understands how to realize the potential buried in the existing supply chain and how to select the global suppliers with the leadership potential to build capacity as the company grows. Supply chain management is important to everythin...

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