Enhancing responsiveness to risk provides competitive advantages.
In many industries, globalization has resulted in the consolidation of suppliers and increasingly interdependent Supply Chains. Globalization has increased efficiencies and economies of scale, but it has led to decreased diversity of sourcing and supply options.
Increasing geopolitical tensions, pandemic related lockdowns, and ideological polarizations have increased supply chain disruptions for many products and materials.
An active Supply Chain Risk Management System cannot ensure continuity of supply, however, it can provide a playbook with options when sources of supply are threatened.
Download our free eBook "The Supply Chain Risk Management Playbook: Navigating Through an Uncertain Supply Chain Future" as we advise how to identify and respond to the unique risks that affect your business.
This Playbook details the various concepts, including:
- Planning the Risk Management assessment
- Conducting the Risk Management assessment
- Checking your findings
- Acting on your findings