Three Key Steps to Building Resilience in Your Supply Chain
Descartes’s global trade intelligence solutions and services enable organizations to make better supply sourcing decisions resulting in improved bottom line performance and helping to avoid government-imposed compliance penalties and brand damage. In fluid times, global trade intelligence helps to quickly execute an alternative sourcing process, which in turn enhances an organization’s supply chain resilience.
The three key steps to achieving supply chain resilience consist of Identify, Analyze and Vet, which works together in sequence to help optimize an organization’s global operations.
Scan for Global Suppliers to Make Better Sourcing Decisions
Find new suppliers from available options worldwide, including company names and contact details, as well as spot macro-level shifts in supply sources.
Select the Supply Chain Path that Maximizes Profit
Compile a shortlist of suppliers in countries with low duties, tariffs and free or preferential trade agreements to reduce costs, enable international growth and enhance competitive edge.
Screen Against Denied Parties Lists
Make sure that selected new suppliers are not denied parties by screening them against a combined database of sanctioned, debarred, restricted and blocked entities.