Mitigation strategies must include:

Strategies for on-shore, near-shore, and off-shore to be closer to the actual demand.

Alternate sourcing strategies for key materials by identifying alternate suppliers in different geographical locations

Rethink inventory optimization strategies to identify decoupling points and postponement strategies

Improve collaboration and increase visibility with suppliers, logistics service providers, contract manufacturers and other key trading partners.

Supply Chain Needs 2024  Forbes, Jan 02., 2024.