extensive new supply chains
📖 Definitions
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Newly established networks of suppliers and distributors that are large in scale, scope, or complexity, often requiring significant resources to build and maintain.; A broad and comprehensive system of procurement and logistics channels created from scratch, typically involving many different vendors and geographic regions.
💬 Examples
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The company invested heavily in extensive new supply chains to ensure raw material availability during the crisis.
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Developing extensive new supply chains is a long-term strategic goal for the manufacturing sector.