Many supply chain leaders are diversifying their supply chains across global regions to reduce risk and increase flexibility in costs and lead times. International instability doesn’t help. 2024 presents many geopolitical headwinds, only exacerbating global tensions on supply chains. Based on research done by the Wall Street Journal, geopolitics is directly increasing supply chain costs. As a result, many companies are anticipating additional shockwaves as tensions mount in critical markets.
For supply chain leaders, this means exploring emerging global supply chain regions for diversification. India is one of…
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