Supply Chain Risk Management: Building Resilience in Uncertain Times
Robert Kim
Published on 2024-02-20
Develop robust risk management strategies to protect your supply chain from disruptions and ensure business continuity.
Recent global events have highlighted the critical importance of supply chain resilience. Companies must develop comprehensive risk management strategies to navigate an increasingly uncertain world.
Risk Identification and Assessment
Systematic approaches to identifying potential supply chain risks, from natural disasters to geopolitical tensions.
Supplier Risk Monitoring
Implementing continuous monitoring systems to track supplier financial health, operational capacity, and risk factors.
Contingency Planning
Developing alternative sourcing strategies and backup suppliers to maintain operations during disruptions.
Technology Solutions for Risk Management
Leveraging AI, IoT, and analytics platforms to predict, monitor, and respond to supply chain risks in real-time.