Tag: risk mitigation

Live Global Supply Chain Situational Awareness Lane Risk Assessment

According to PwC’s recent research, only 5% of the companies surveyed have a dedicated supply chain risk management unit and 50% rely on a reactive approach to their risk management. Global supply chains are exposed to numerous risks that can cause delays or disruptions. Minimally, supply chains need the ability to continuously monitor risks due to the events listed in the diagram below, and ideally, they need to harness the full power of live supply chain…
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How Digital Supply Chains Help Companies to Mitigate Supplier Risk

In every annual report of global Fortune 500 companies, you will read through a section dedicated to monitoring, managing and mitigating supply chain supplier risk. It’s nearly impossible to navigate a supply chain career without experiencing a supplier disruption at some point that significantly impacts the bottom line. Because of its potentially catastrophic consequences, most organizations go to great lengths to develop and adopt supplier risk strategies. Mainly, traditional supplier risk management strategies involve surveys…
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