Supply Chain Risk Mitigation Strategies: Lessons from Recent Disruptions
The nutraceutical industry has been grappling with increasingly complex supply chain challenges, magnified by global disruptions in 2023-2024. Incidents like NOW Foods’ $12.3 million loss due to contaminated ashwagandha root powder and Nature’s Way’s $8.2 million setback from adulterated turmeric supplies exposed vulnerabilities that require urgent attention. These cases emphasized the need for robust risk […]
5 Vendor Document Management Mistakes You Are Making
Ah, vendor documents. Those glorious piles of contracts, invoices, and certificates that can either fuel your supply chain engine or send it sputtering into oblivion. Navigating the treacherous waters of vendor document management can feel like piloting a paper boat through a hurricane. But fear not, fearless supply chain champions! 5 Common Vendor Document Management […]
