Supply Chain Risk Resilience

As the CIPS Risk Index, powered by Dun & Bradstreet, shows, risk is on the increase. The tipping point of economic risk came in 2008, when the full effect of the recession hit globally, but we’ve also seen that the shockwaves from major environmental disasters, such as the Japan earthquake in 2011, and social unrest on every continent, can ripple and resonate across supply chains, turning, at a stroke, the best of plans upside down.

Information about Supply Chain Risk Resilience

Although the risk landscape is getting bleaker, the profession has been talking about managing risk, for decades. Indeed, along with business continuity it is the only approach most procurement and supply professionals ever consider; but looking forward, shouldn’t we be talking more about resilience?

Related concepts

Supply Chain Risk Resilience

Whilst there are a number of BSI and ISO standards developed for business continuity, risk management and organisational resilience there is no global benchmark that can be used to test...

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Supply Chain Vulnerability

Examining the vulnerability of an organisation’s supply chain network can be used to identify such risks and weaknesses and produce mitigation strategies and corrective action plans...

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Risk Management in Purchasing and Supply Management

Minimizing risk is crucial for anyone in charge of a complex system, and traditional approaches aren’t good enough (Sargut and McGrath)

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