Industry Report

Supply Chain Management Principles

June 17, 2021

The management of supply chains plays a crucial role in the sustainability of import processes for raw materials, components, intermediate goods, miscellaneous supplies, and finished goods. Businesses rely on international supply chains to bring products or raw materials from countries where they are produced to markets where they are needed. The following white paper aims to provide importers with guidance on global supply chains and importing, facilitating their sourcing processes for inputs, components, raw materials, and finished goods. The events of the COVID-19 pandemic applied a tough stress test on domestic and global supply chains and brought the concept of resilience to the forefront of supply chain planning. The following sections will cover the main steps and processes in supply chain management, as wells as potential pitfalls and mitigation strategies when facing supply chain uncertainties.