Elevation Insights ™ | Supply Chain Solutions Global Vendor Sourcing : Hedging against Supply Disruptions Internal Company Mandate Description: Our manufacturing operations depend heavily on just a few supply chain partners, with no clear plan for alternatives in the event of any major disruptions or internal stress tests To minimize risk, the team needs to develop a global vendor sourcing plan that hedges our risks effectively without significantly affecting our cost structures. Develop a presentation proposal for our next executive meeting that addresses the following topics: Selection criteria for global vendors along with clear list of vendor alternatives (in the event of disruptions) Maintaining global supply chain vendor intelligence data that is kept current to capture new developments Mechanism to globally audit our supply chain and also keep them current on new regulations