To cope with high levels of supply uncertainty, a firm would use this strategy to reduce risk

Instead of using typical single sourcing, multi-sourcing, also known as multiple sourcing, is an outsourcing technique in which products or services are contracted to many vendors needed to execute the business.

Pros:

1. Risk reduction:Having less reliance on a single provider boosts supply chain flexibility in the event of a problem.
2. Supply chain stability: Supply chain diversification reduces major risk across products or services.
3. High product quality: Thanks to a broader resource pool, you can get the finest product and service quality at the best pricing.
4. Building innovation through competition is a great way to get started.
5. Negotiation: You will be able to track which providers deliver the best results, which can assist you in getting a better price in the future.

Cons:

1. Supplier management:Building and maintaining solid relationships with several suppliers at the same time is difficult.
2. Administration costs:Managing and engaging with a large number of suppliers could potentially increase management overhead costs.
3. Quality control:Keeping track of quality control and efficiency is a difficulty.
4. Integrations problems: When many suppliers take over distinct elements of a product, integrating them will be difficult, resulting in increased costs and time.