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⍰ ASK How can a company adapt its supply chain to support a successful expansion initiative?

To succeed in expansion, adjust the supply chain wisely. Start by assessing its strengths and weaknesses. Identify bottlenecks risk and areas to improve for strategic adjustments.

Build local partnerships with suppliers and distributors for an efficient and reliable supply chain. Strong relationships ensure timely access to materials and cut logistical challenges.

Use technology like supply chain management systems and realtime tracking for better visibility and control. Implementing these tools improves demand forecasting, reducing the risk of overstocking or stockouts.
 

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