• Advertise
  • Contact Us
  • About Us
  • Supplier Directory
  • SCB YouTube
  • Login
  • Subscribe
  • Logout
  • My Profile

  • CORONAVIRUS
  • LOGISTICS
    • Air Cargo
    • All Logistics
    • Express/Small Shipments
    • Facility Location Planning
    • Freight Forwarding/Customs Brokerage
    • Global Gateways
    • Global Logistics
    • Last Mile Delivery
    • Logistics Outsourcing
    • LTL/Truckload Services
    • Ocean Transportation
    • Rail & Intermodal
    • Reverse Logistics
    • Service Parts Management
    • Transportation & Distribution
  • TECHNOLOGY
    • All Technology
    • Artificial Intelligence
    • Cloud & On-Demand Systems
    • Data Management (Big Data/IoT/Blockchain)
    • ERP & Enterprise Systems
    • Forecasting & Demand Planning
    • Global Trade Management
    • Inventory Planning/ Optimization
    • Product Lifecycle Management
    • Sales & Operations Planning
    • SC Finance & Revenue Management
    • SC Planning & Optimization
    • Sourcing/Procurement/SRM
    • Supply Chain Visibility
    • Transportation Management
  • GENERAL SCM
    • Business Strategy Alignment
    • Education & Professional Development
    • Global Supply Chain Management
    • Global Trade & Economics
    • HR & Labor Management
    • Quality & Metrics
    • Regulation & Compliance
    • SC Security & Risk Mgmt
    • Supply Chains in Crisis
    • Sustainability & Corporate Social Responsibility
  • WAREHOUSING
    • All Warehouse Services
    • Conveyors & Sortation
    • Lift Trucks & AGVs
    • Order Fulfillment
    • Packaging
    • RFID, Barcode, Mobility & Voice
    • Robotics
    • Warehouse Management Systems
  • INDUSTRIES
    • Aerospace & Defense
    • Apparel
    • Automotive
    • Chemicals & Energy
    • Consumer Packaged Goods
    • E-Commerce/Omni-Channel
    • Food & Beverage
    • Healthcare
    • High-Tech/Electronics
    • Industrial Manufacturing
    • Pharmaceutical/Biotech
    • Retail
  • REGIONS
    • Asia Pacific
    • Canada
    • China
    • Europe
    • Latin America
    • Middle East/Africa
    • North America
  • THINK TANK
  • WEBINARS
    • On-Demand Webinars
    • Upcoming Webinars
  • PODCASTS
  • VIDEOS
  • WHITEPAPERS
Home » Most Companies Realize There are Great Benefits to Implementing So-called Enterprise Risk Management

Most Companies Realize There are Great Benefits to Implementing So-called Enterprise Risk Management

September 1, 2005
Global Logistics & Supply Chain Strategies

It appears that most companies realize there are great benefits to implementing so-called enterprise risk management, but few have done much to get ERM off the ground, says a Conference Board/Mercer Oliver Wyman survey.
Over the past five years, the business world has seen two wars, corporate scandals that led to the Sarbanes-Oxley Act and, of course, the 9/11 attacks. So business managers are very much aware that there are risks that can seriously impact their companies. And more than 60 percent of the 271 top executives surveyed believe there will be a significant increase in external risk during the next five years. Yet only 11 percent have completed ERM initiatives.
Companies that have already implemented ERM report a significantly higher level of value added than companies that have not yet fully implemented these measures, The Conference Board says.
The study finds that companies fully embracing ERM are better able to improve management practices, such as strategic planning, and have a greater ability to understand and weigh risk-reward equations in their decisions.
Non-partisan and not-for-profit, The Conference Board is a leading business membership and research organization. It produces The Consumer Confidence Index and the Leading Economic Indicators for the U.S. and other major nations. Visit www.conference-board.org for more information.
Mercer Oliver Wyman is a financial services and risk management consulting firm. More on it is available at www.merceroliverwyman.com.

RELATED CONTENT

RELATED VIDEOS

Global Supply Chain Management Regulation & Compliance Supply Chain Security & Risk Mgmt Automotive
KEYWORDS Automotive Global Supply Chain Management Regulation & Compliance SC Security & Risk Mgmt
  • Related Articles

    Why Does Supply Chain Risk Management Rank So Low? Most Companies Are Reactive, Not Proactive.

    The Good News Is There's Been So Much Bad News that Enterprise Risk Management May Take Off

Global Logistics & Supply Chain Strategies

Transplace Helps Del Monte Streamline Network

More from this author

Wake up to live
“Supply Chains in Crisis”
updates and the latest Supply Chain News!

Subscribe to our Daily Newsletter

Timely, incisive articles delivered directly to your inbox.

Popular Stories

  • How Mindnumbing Office Tasks Made One Man $360M

    Stop Using Spreadsheets to Manage Your Global Supply Chain

    Data Management (Big Data/IoT/Blockchain)
  • Fastest Electric Car Chargers Waiting for Batteries to Catch Up

    Podcast | Why Automakers Won’t Meet EV Production Targets

    Sourcing/Procurement/SRM
  • Cash

    Why Private Equity Investors Are Targeting the Chaotic Supply Chain Sector

    Logistics
  • Taiwan Helping Tech Firms That Choose Southeast Asia Over China

    Apple Asks Suppliers in Taiwan to Label Products as Made in China

    Global Logistics
  • Germany Is Re-Engineering Europe’s Most Important River

    Rhine River Withers to Crisis Level as Europe Craves Energy

    Transportation & Distribution

Digital Edition

Scb august 2022 sm

100 Great Supply Chain Partners of 2022

VIEW THE LATEST ISSUE

Case Studies

  • Returns Management SaaS Saves Retail Giant $4 Million Monthly

  • 3PL Doubles Productivity With Robots to Fulfill Medical Supply Orders

  • E-Commerce Company Cuts Order Fulfillment Time by 40%

  • Fashion Retailer Halves Fulfillment Time With Omichannel Automation

  • Distributor Scales Business by Integrating Warehouse Automaton Software

Visit Our Sponsors

Yang Ming Alithya Barcoding
Blue Yonder BNSF Logistics CoEnterprise
Data Capture E2open Generix
Geodis GEP GreyOrange
Here Honeywell Intelligrated IFM
Inmar Keelvar Kinaxis
Korber Liberty SBF Locus Robotics
Logility Lucas Systems Nvidia
Old Dominion ORTEC Parsyl
PMMI QIMA Redwood Logistics
Ryder E-commerce by Whiplash Saddle Creek Logistics Schneider Dedicated
Setlog Holding AG Ship4WD Shipwell
Tecsys TGW Systems Thomson Reuters
Tive Trailer Bridge Vecna Robotics
Verity Verusen  
  • More From SCB
    • Featured Content
    • Video Library
    • Think Tank Blog
    • SupplyChainBrain Podcast
    • Whitepapers
    • On-Demand Webinars
    • Upcoming Webinars
  • Digital Offerings
    • Digital Issue
    • Subscribe
    • Manage Your Subscription
    • Newsletters
  • Resources
    • Events Calendar
    • SCB's Great Supply Chain Partners
    • Supplier Directory
    • Case Study Showcase
    • Supply Chain Innovation Awards
    • 100 Great Partners Form
  • SCB Corporate
    • Advertise on SCB.COM
    • About Us
    • Privacy Policy
    • Contact Us
    • Data Sharing Opt-Out

All content copyright ©2022 Keller International Publishing Corp All rights reserved. No reproduction, transmission or display is permitted without the written permissions of Keller International Publishing Corp

Design, CMS, Hosting & Web Development :: ePublishing