$415k/Month in Meat Sales, But How Can Profits Improve?
James Sinclair's Business Broadcast
00:00
Diversifying Supply Chains for Profit Resilience
This chapter explores the crucial need for businesses, particularly in the meat sales industry, to diversify their supply sources to mitigate risks and improve profitability. Through real-world examples, such as KFC’s supply chain troubles, the speakers discuss strategies for balancing supplier relationships and integrating various suppliers for enhanced customer convenience. Additionally, they delve into operational flexibility, the importance of increasing average order values, and the benefits of acquiring part of the supply chain to bolster brand storytelling and maintain profit margins.
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