From a supply chain perspective, it is hard to "tag" the revenues associated with supply chain risk as a "space," though supply chain risk has emerged as a most important issue to be addressed by firms.
Sectors within include:
- Risk transfer - various insurance products such as product liability, reputation risk, supplier failure, etc.
- Trade finance and other financial instruments
- Audit, inspection and monitoring services of the supply chain
- Weather, geopolitical and other risk factors monitoring SaaS-subscriber services
- Consulting - business continuity, risk assessment and process change to increase resiliency
- Education for compliance, regulation and continuity best practices
- ID and authentication technologies, as well as trace and track
- Analytic software for predictive analytics, and risk avoidance.
Though these products are sold by disparate organizations, the end users-risk managers, supply chain managers, corporate security and legal-should work together to create the Supply Chain Risk Corporate Portfolio to ensure risk mitigation.
Firms will increasingly turn to risk-reduction approaches such as ID and authentication technologies, analytics to create new processes, and new insurance policies. From a supply chain perspective, it is hard to "tag" the revenues associated with supply chain risk as a "space." However, we have seen in our research that more focus has emerged in these turbulent times, and growth in sales of products within the Supply Chain Risk Corporate Portfolio will increase in 2010.
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