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Thursday, June 13, 2013

Mitigating Risk in the Supply Chain

In Industry Week:

" ... Supply chain managers adopt new strategies to mitigate risks 
Research has shown that major interruptions in the supply chain can sap a company's share price by 7%, so supply chain managers are adopting new strategies to avoid disruptions, according to this analysis. The effects of globalization, cyberattacks and natural disasters pose a threat to smooth supply chain operations. To make supply chains more resilient, companies should improve data-sharing along the chain, specify lines of authority and a "common risk vocabulary," and use exercises to test their plans. ... " 

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