Regardless of your products, your company most likely sources raw materials, parts, finished goods or packaging from foreign business partners. Leveraging business partners, as opposed to building their own foreign production capabilities, allows companies to shift suppliers to low-cost regions without worrying about their foreign investments. Every year the global supply chain and the flow of international goods continues to increase.
In today’s environment of overseas manufacturing and supply chains spanning oceans, miles, and cultures, securing a logistics network can be a moving target. In addition to smuggling and cargo theft, certain areas of the world are also high-risk regions for drug-related violence, political unrest, corruption and terrorism. To effectively manage product flow in high-risk areas, supply chain security programs should have robust processes in three key areas: recognition, evaluation and control of emerging threats.