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Abstract:
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In the current era of globalization in supply chain , business continuity planning should play an even more important role than previously . Business continuity planning provides company with an analysis of potential business threatening situations , everything from natural disasters to supply shortages , and ensures that actions are taken in order to mitigate the probability that those risks will become reality . Business continuity planning does not come without a cost , since companies will in some cases have to spend money in actions like redundancies (e .g . supplier ) .
In the Semiconductor industry , supply chains might are extremely complex and globalized . These supply chains can go from having suppliers in the United States , to front -end manufacturing in Europe , to back -end manufacturing and packaging in Asia . Raw materials for semiconductor manufacturing , for example raw wafers , can be found for above $500 per wafer . It is due to not only the complexity of the supply chain in semiconductors , but also due to the high costs of raw materials and manufacturing , that it is crucial for companies in this particular industry to ensure business continuity planning is taken seriously , and adequate measures are taken to mitigate as many risks to their supply chain as possible . |