As risks to global supply chains grow, it is important to cultivate multiple sources for parts/materials. The U.S.-China trade war, COVID-19, then the Russian invasion of Ukraine have driven this point home.
Modern supply chains were built on three features taken for granted: (1) raw materials would always be cheap and available (2) shipping would always cost a fraction of the value of the goods being moved and (3) shipping would always be reliable. These assumptions seem flawed, so a global re-think is underway. Companies are exploring how to make supply chains more robust by adding factories, suppliers and sources of materials, potentially within regional trading blocs of allied countries. This could shift economic activity widely in the decades to come.
There’s a lot of change in the world today. Businesses struggle to quantify the impact of these changes, assess risk exposure and adapt their plans. There’s no room for error; you need to get it right the first time. MOSIMTEC helps companies explore every option by guiding them along the simulation modeling/digital twin continuum so businesses aren’t just ready for change, they embrace it and use it to out-think and out-race competitors. Supply chain simulations can help you future-proof your business.
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