Title: 5 Supply Chain Disruptions & Mitigation Tactics | IndustryStar Solutions
Headings: 5 Major Supply Chain Disruptions & How to Reduce Their Impact
5 Major Supply Chain Disruptions & How to Reduce Their Impact
5 Major Supply Chain Disruptions & How to Reduce Their Impact
1. Natural Disasters
2. Transportation Failure
3. Geopolitical Instability
4. Price Hikes
5. Cyber Attacks

Content: Below, we highlight five major supply chain disruptions experienced across industries and the best mitigation tactics used to counteract them. 5 Major Supply Chain Disruptions & How to Reduce Their Impact
1. Natural Disasters
Events such as floods, earthquakes, hurricanes, wild fires, and tornadoes are all unpredictable and cause catastrophic disruption in supply chains, worldwide. Sometimes a natural disaster is so devastating that full recovery isn’t possible. This infographic from the Federal Emergency Management Agency (FEMA) states that, “roughly 40 to 60 percent of small businesses never reopen their doors following a disaster”. Every supplier that shuts down because of a natural disaster causes major disruption to each one of its customers’ supply chains. Mitigation Tactic: Global Diversity
It’s becoming easier for supply chain professionals to access broader, more diverse networks of potential suppliers. Tapping into this potential supplier network and selecting backups in different geographic regions is a great way to protect against natural disaster risk, ensuring that your primary and backup suppliers are far enough apart where one natural disaster wouldn’t affect both of them. Additionally, make sure contingency plans account for global diversity when it comes to supply chain components such as distribution centers and transportation routes.