For organizations looking to improve operational performance and better manage risks in an unpredictable world, a supply chain risk management program is critical for success.
Risk events such as pandemics, cybersecurity attacks, geopolitical uncertainty, and climate-related weather incidents are driving organizations to review and, if necessary, overhaul their existing supply chain risk management (SCRM) strategies. Add to that increased competition, third-party complexity, supply chain continuity challenges, new business models, and changing regulations, and it’s clear that a robust SCRM program is essential to helping organizations improve operational performance and more effectively manage risks.
Organizations are faced with significant challenges due to volatile, unpredictable, and vulnerable supply chains.