Although high-profile events … have propelled corporate risk management and security into the headlines, they appear to have had relatively little impact on awareness of risk management in procurement.
Similar to the risks arising in other supply chains, food supply chains can be universally affected by a number of different factors all at once, all resulting in vulnerabilities and potential risks.
For example, in the UK freak weather conditions such as the drought of 2006 and the floods of the summer of 2007, have combined to hit crop yields. Vegetables and wheat have seen particularly large increases, as have milk and other dairy products.
Return to Risk / Mitigation topic.
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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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...
Minimizing risk is crucial for anyone in charge of a complex system, and traditional approaches aren’t good enough (Sargut and McGrath)