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Ft. Atkinson, WI – As businesses begin to refine or develop their business plan outlining their goals and associated actions for the next few years, there is a challenge in trying to predict what the 2010 business cycle will be like given the current volatility in the economy.

While logistics and supply chain managers have always dealt with elements of risk management, it is more important than ever that they be able to identify those risks and plan ahead. Supply chain managers must systematically think through different scenarios (for example, what can the company do if a trade war erupts?) and closely monitor processes and events in the value chain. They also must view major business decisions as trades that rely on factors such as demand, labor rates, commodity prices, currency exchange and energy prices remaining within a certain range for some period of time so that they know when to exit the trade.

Read the full story at sdexec.com.

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