Risk strategies

12 December 2008

Blog pic By Jake Kanter

In my web story today I report that the shrinking availability of raw materials will have a "profound impact" on supply chain risks going into next year.

The study by consultancy Control Risks found that supplies of food, minerals and energy are being tested to the limit, sparking social unrest and political turmoil. Riots and export vetoes are thought to pose a significant threat to security of supply, while food prices are hitting "stupendous" peaks.

Control Risks recommend that companies collaborate to secure supplies and strengthen relationships with vendors in volatile regions.

How concerned are you about the security of your supply chain in 2009?

What action are you taking to mitigate risks?

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