Adaptability
Objectives:
Adjust supply chain's design to meet structural shifts in markets; modify supply network to strategies, products, and technologies.
Methods:
• Monitor economies all over the world to spot new supply bases and markets.
• Use intermediaries to develop fresh suppliers and logistics infrastructure.
• Evaluate needs of ultimate consumers—notjust immediate customers.
• Create flexible product designs.
• Determine where companies' products stand in terms of technology cycles and product life cycles.