COVID-19 continues to be an albatross around the neck of global supply chains as outbreaks and lockdowns create backlogs and delays worldwide. Organizations have performed dramatic transformations of their customer experience approaches, sales channels, finance functions and other strategic capabilities. It is time for senior leadership teams to conduct a similar overhaul of supply chains and how their supply chain risks and costs are identified, quantified and managed in a comprehensive and coordinated manner.  

Here, we explore how boards should rethink their approach to strategic oversight and supply chain risks governance.