o Industry databases and services to collect risk data about your supply base
o Emerging services to map the multi-tier supply chain and identify vulnerabilities
o Alerting services to warn when an event may impact your supply chain
• Embed risk management throughout the organization (engineering, procurement/supplier management, logistics, manufacturing) and throughout the product lifecycle.
Yes, effectively managing supply chain risk is hard to do. Those few that do it well realize a big competitive advantage.
To date, supply chain risk management has received a fair amount of lip service, but not much investment. That is not going to change overnight. However, as companies continue to get pounded with disruptive events around the world, CEOs and senior executives will become more receptive to the need to invest in supply chain resilience capabilities. Expect a modest but steady increase in awareness and investment in 2012 and beyond.
Keywords: Supply Chain Security & Risk Mgmt, Supply Chain Analysis & Consulting, Global Supply Chain Management, ChainLink Research, Production Risk, Commodity Price Volatility, Competitive Risk, Natural Disasters, Infrastructure Outages, Theft, Geopolitical Risks, Labor Disputes, Counterfeiting
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