Supply chain resilience is evolving from a mere strategy to a critical priority at the boardroom level. According to the Financial Times, ongoing geopolitical tensions, energy disruptions, and raw-material shortages are driving companies to invest more heavily in resilient supply chains.

Key trends include:

– Diversifying suppliers to mitigate risks.

– Regionalising sourcing strategies to enhance stability.

– Investing in digital supply-chain visibility tools for better oversight.

A pertinent example is the recent helium shortage impacting semiconductor production, highlighting the importance of these strategies.

The impact on commercial and contractual is very significant, as it will

– Increased focus on supplier risk management.

– Adoption of dual-source and regional sourcing strategies.

– Growing demand for supply chain visibility platforms.