Jul 07/25

Top Supply Chain Risk Management Solutions for Your Business

 

While 90% of supply-chain leaders faced supply-chain disruptions in 2024, according to McKinsey, others must continue to improve their logistics risk assessment and management efforts. Tier one suppliers must make every effort to anticipate potential bottlenecks well in advance of them halting production. However, how does one do this, and what should you do when you find them?

Below, we offer strategies to help with supply chain risk management, including methods for handling specific, modern risks.

So, read on to learn how business continuity planning for your business can keep your lines running, even when all goes wrong.

Why Managing Supply-Chain Risk is Challenging in 2025

Many global efforts have come together to make an already challenging situation in the world of vehicle manufacturing even more difficult. To start with, global EV adoption has begun to push resource sourcing to its limits, while raw material pricing remains volatile. Meanwhile, tariffs from various countries have caused shipping rates to spike overnight.

Various groups have also pushed for new regulations in the area of environmental care, with the need to offset various footprints and report on efforts, resulting in bureaucracy at every level.

Offsetting the Risks of Resource Limitations

When resources become scarcer, it is time to consider diversifying your sourcing efforts. Instead of aiming for a single supplier, your risk management strategies should include splitting your volume across two or more options and removing the risks inherent in a single point of supply.

Having a supply of key contacts can further assist with this, and Mayco’s global affiliate network ensures that those we work with can augment our capacity within a short time should a supplier encounter a problem.

Reducing Shipping Costs

Ensure that your key locations do not have to deal with problems surrounding excess tariffs and the associated costs by linking to a primary shipping method. Mayco is located near both Detroit and Chicago ports, which reduces the amount of inland transit we need to engage in. Meanwhile, multi-modal transport helps us by also offering us rail and truck options for our shipments.

Leveraging regional distribution centers can also help retain stock in case tariffs are implemented at a later time. If they do, you can then dip into these supplies to avoid the need to charge your customers for importing materials or products.

Having end-to-end visibility of your entire shipping process, as well as key data for analytics, can also ensure that you can improve your shipping efforts over time, thereby making reducing costs a key performance indicator (KPI).

Experts in Supply Chain Risk Management

Our global supply chain solutions and expert-level methods of reducing costs turn risks into promises we can make to our customers. The above techniques are just a few of the ways we ensure that we remain a cost-effective option for those we work with, regardless of global developments.

Embed supply chain risk management into your process by working with Mayco International. Contact us today to enhance your supply chain resilience and stay competitive, regardless of the challenges the industry presents.