The world is headed toward a new era of globalization, marked by increased political fragmentation but stronger global digital connection. This challenging environment presents many risks which supply chain managers must carefully plan for and navigate. The nature of present day globalization is changing. Global trade agreements are being reconsidered; new trade restrictions are being introduced, unrestricted flows of capital are becoming regionalized, and political alliances are being reshaped. At the same time, however, society is trending towards greater global connection. Internet usage continues to increase; use of digital devices continues to grow; global data flows more freely than ever, and global travel increases each year. There are five key risk management tools to deploy: 1. Scenario Planning . We live in a volatile, uncertain, changing, and ambiguous world. The future cannot be predicted. Supply chain managers must plan for multiple scenarios to determine where
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