Year:
2014
Devising swift responses to critical mineral supply capacity risks and disruptions
The business risks of material criticality are not that the earth’s reserves will be consumed, but are that the supply chain cannot respond rapidly enough to demand or supply shocks. Managing this risk depends on understanding the speed at which alternative supplies can be brought to market, and the risks can be reduced by increasing the readiness of new capacity throughout the supply chain. This report explores new insights which are a step change from previous approaches to criticality - which have focused on the supply of ore from existing mines, and are the key findings of a preliminary whole systems analysis of material criticality.
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