U.S., Jan. 6 -- With 2020 now underway, Thomas Net has revealed several ways the new year can be tackled successfully in the supply chain space. Supply Chain Digital takes a closer look.

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Risk Management

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Risk management is considered the primary concern of all CEOs and CPOs of companies. Supply chain managers must guard against cyberattacks and ensure that their cybersecurity approach is working correctly. The risk can be mitigated in ways such as: improving supply chain visibility, conducting a supply chain audit, managing the risk of raw material price volatility with financial hedges and improving supplier scorecards to ensure they are appropriate for individual suppliers rather than using a one-size-fits-all approach. Responsib...