Supply Chain and Production Site Selection with security products: Risks & Strategies

It is important for companies to carefully consider the risks associated with their supply chain and production site selection when it comes to security products. While there are concerns with Chinese-made products, it is important to approach this topic with objectivity and without bias.

To mitigate the risk of intellectual property theft, companies can implement strict contracts and agreements with their suppliers that protect their intellectual property. Additionally, they can conduct thorough due diligence on their suppliers to ensure that they have a good track record and are reputable.

To address the potential security risks associated with Chinese-made products, companies can also implement strict security protocols and conduct regular audits of their products to ensure that they are not compromised.

Regarding geopolitical risks, companies can diversify their supply chains and production sites to reduce their dependence on any one country or region. This can help to mitigate the risk of any trade or diplomatic disputes that may arise.

Nearshoring production to Central and Eastern Europe can offer several benefits, including a skilled workforce, favorable business climate, and lower labor costs compared to Western Europe. However, companies must also consider the potential risks associated with the region, such as political instability and corruption.