Supply chains face numerous risks including natural disasters, strikes, sanctions, and insolvencies, intensified by globalization, evolving regulations, and hyper-connectivity, putting brands at risk from a single unreliable supplier. These challenges can lead to penalties, production halts, sales drops, and reputational damage. Sphera recommends implementing a comprehensive supply chain risk management program to identify, assess, and mitigate risks, helping companies secure supplier relationships, prevent bottlenecks, and ensure operational resilience in today's complex global environment.

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