A supply chain comprises a web of companies that produce and distribute goods, materials, and services required for construction projects. These companies include manufacturers, distributors, wholesalers and retailers.
Supply chain risk management is an important tool for organisations operating in a global environment. In recent years the management of risk has become increasingly complex, as market globalisation and shorter technology and product lifecycles have led to unpredictable demand and supply, with more dependence on critical activities which are outsourced.
The complexities in construction supply chains have made it ever more crucial to take the necessary steps to protect the company’s brand and reputation, without compromising safety, sustainability and ethics.
Join us as we look at supply chain challenges that the construction industry faces, explore where supplier risks can occur, and provide best practice supply chain tips to mitigate against these potential risks.