Lorcan Sheehan of ModusLink writes that there are fluctuating costs for oil that might “negatively impact your supply chain if your infrastructure is not equipped to handle quick adaptations.”
Sheehan recommends flexible infrastructure designed to allow multiple routes to market for your products, as well as a postponement strategy based on your network optimization analysis that allows you to increase the density of product coming from remote manufacturing locations.
For more advice on controlling oil prices, read Sheehan’s full article, “Safeguarding Your Supply Chain Against Rising Oil Prices.”
About the Author
Justin Hayes is a director in Katz, Sapper & Miller’s Audit and Assurance Services Group. Justin works with clients to help ensure accurate financial reporting, keeping an eye on their bottom line, and helping them avoid risk and maximize efficiencies. Connect with him on LinkedIn.
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