Supply Chain Risk

S&OP, supply chain risk management and Big Data and the Internet of Things were front and center at this year’s conference

For shippers, planning for the unexpected is imperative, but the right ingredients are also necessary.

Chief risk officers often present to their boards detailed laundry lists of risks, heat maps with probabilities and impacts for every conceivable risk, as well as contingency plans for every worst-case scenario short of the “zombie apocalypse.” Managing Supply Chain Risk, Risk Management in the company supply chain.

One area of risk that may not be easily recognized is supply chain staffing and background checks.

While we’re entering an era in which companies can detect supply chain risks much more quickly than in the past, new technological solutions and strategies are desperately needed to address the added complexity of global logistics. Managing Supply Chain Risk, Supply Chain Success Strategy, ERP Strategy, Logistical Risk Management, Risk Aversion for Shippers

The World Economic Forum’s “Global Risks Report 2016” finds that supply chain vulnerability is on the rise this year. Furthermore, there’s evidence that the inter-connections between risks are becoming stronger. Suppply Chain Insurance, Cargo Insurance, Supply Chain Risk, Risk Management, Cargo Insurance 2016

With its transportation network running through some of the world’s most complicated and high-risk countries in the world, this global shipper of heavy oil and pipeline equipment describes how the right policy saved it from a catastrophic, million dollar loss. Cargo Insurance, Cargo Security

Today’s global supply chains are increasingly complex and disruptions are a common occurrence.

Leading organizations are striving to bring new products to market faster, streamline supplier processes and improve supply chain efficiencies.

To be fair, it’s nearly impossible to predict what will turn out to be the biggest challenges supply chain leaders will encounter in the year ahead.

As supply chains have become more globalized and complex over recent decades, so too have the challenges and risks threatening their safe and efficient operation.

Complexity in supply chains is a given in today’s global environment.

In a very real sense, supply chain management is about managing risk: anticipating, avoiding, and minimizing supply chain upheavals caused by weather events, political havoc, technology problems, economic turmoil, market changes, currency swings, supply shortages and labor strife, to name but a few.

Building a resilient supply chain requires success in four key areas: policy, strategy, information technology and partnerships.

Disasters that affect the supply chain will never be avoidable – but the operational and financial havoc created by them can be. Globalization and the concept of a lean supply chain exposes companies to more risk from major disasters than ever, and companies must plan for and act confidently when they occur. Hear stories of disruptions and the best strategies for handling them with cloud technology.