Steven Bowen is Founder and CEO of Maine Pointe and author of Total Value Optimization: Transforming Your Supply Chain Into a Competitive Weapon. J. Paul Dittmann is assistant head of the Department of Supply Chain Management at University of Tennessee, Knoxville’s Haslam College of Business. He is lead author of the Global Supply Chain Institute’s white paper, “Driving Shareholder Value with your Supply Chain.”
Few companies have a formal strategy in place for managing global supply chain risk in the years ahead. This is especially dangerous given the volatility and uncertainty in trade relations between the US and China.
Amid announcements of new tariffs on China and, at the time of polling, Mexico, CEOs’ outlook for future business conditions plunged 6 percent from May to June, according to Chief Executive’s most recent reading of CEO confidence.