Supply Chain Security refers to a broad spectrum of efforts and measures implemented to keep the movement and storage of goods safe from disruption and potential risks. The objective is to ensure the integrity of products and information from the point of origin to the end consumer. This term involves a multidimensional approach encompassing physical, informational, and financial aspects. It addresses potential threats during all stages of the product lifecycle, including design, manufacture, distribution, storage, and transportation.
Effective Supply Chain Security ensures the smooth flow of goods and services across global networks, safeguarding against the potential harm of delays, theft, tampering, counterfeit, sabotage, terrorism, and natural disasters. As part of the strategic risk management processes, it is crucial to enhancing competitiveness and profitability while also ensuring compliance with regulations and standards. The implementation of robust Supply Chain Security mechanisms not only mitigates risks but also enhances the robustness, resilience, and efficiency of the supply chain.
