In recent years, almost all companies have suffered from supply disruptions and shortages caused by natural disasters, political instability, supplier issues, and the Covid 19 pandemic.

As a result, most companies are aiming to realign their supply chains with their business needs and are looking for more effective supply chain strategies and risk management approaches.

However, finding an optimal strategy is far from easy. Each measure, such as optimized supplier presence, supplier diversification, or increased stockholding, can contribute to a more resilient supply chain, but often comes at an additional cost and may not be sufficient on its own.

Game theory and TWS’ economic framework allow companies to augment the capabilities of their team in developing an optimal strategy – giving businesses maximum certainty that the chosen strategy is optimal and cost-effective.

Watch the video to discover how TWS has helped companies cope with complex strategic decisions.