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The BP oil spill very well highlighted the importance of risk management and contingency planning in the global supply chain. Companies operating in the transportation
The BP oil spill very well highlighted the importance of risk management and contingency planning in the global supply chain. Companies operating in the transportation sector have since implemented measures to improve the resiliency of their supply chains in the face of potential disruptions such as natural disasters, accidents, and geopolitical events. By diversifying sourcing strategies, investing in alternative fuels, and enhancing supply chain visibility and transparency, companies aim to reduce their vulnerability to disruptions and ensure the continuity of operations in the event of future crises
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