Risk is ubiquitous within supply chain management in today’s global business environment. As firms continue to extend supply chains across the globe, their exposure to more and varied risks increases, as does the probability of disruptions and associated costs, estimated to be in the tens of billions of dollars per year.
This risk is not relegated to certain sectors of the economy, either. According to Deloitte, 84% of surveyed organizations across industries reported a major global supply chain disruption in the past 12 months. Heightened awareness of the potential for, and costs related to, supply chain disruptions has pushed risk management to the forefront of corporate strategy. Yet despite this increased attention, firms continue to struggle with identifying the best strategies to define, assess and mitigate risks in their global supply chains.
About the AuthorFollow on Twitter Follow on Linkedin Visit Website More Content by FR EcoVadis FR