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Supply chain diversification includes multi-shored supplynetworks, multi-sourcing, parallel modes of transportation, andconcurrent or redundant logistics operations.
Bonn - Amidst the recent developments such as geopoliticalcrises, the attention is increasingly turning to supply chaindiversification. Yet, until now, there has been no clear definitionand comprehensive framework for this approach. Rising to thechallenge, DHL and leading academics have presented a newdefinition and a versatile model to explain this important andholistic concept in the latest DHL Trend Report, "Supply ChainDiversification". Supply chain diversification is defined here as aproactive approach where companies incorporate one or severaldimensions into their supply chains to minimize risk. This includesmulti-shored supply networks, multi-sourcing, parallel modes oftransportation, and concurrent or redundant logistics operations.The report also provides tangible customer case examples, enablingcompanies to assess their diversification level and devise asuitable strategy.