Supply Chains Face Risks Without Succession Planning
This paper delves into the risks associated with the absence of supplier succession planning in the supply chain, particularly the issue of 'no successor' among small, privately-owned suppliers. The analysis covers risk identification methods, effective communication strategies, and recommendations for encouraging suppliers to develop succession plans. It emphasizes the importance of proactive planning to ensure supply chain stability and security. By addressing potential disruptions caused by the lack of successor, companies can mitigate risks and maintain operational continuity.
