Global Supply Chains Increase Complexity of Supplier Risk Analysis

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Gurjit Degun writes about a report put out by the Economist Intelligence Unit that reveals “almost seven out of ten business leaders believe supplier risk analysis will become more complex as they expand into new global markets.” Companies with successful risk strategies employ multiple tools and are becoming more advanced all the time. Of companies who manage and track risk, 85 percent of outcomes are successful, versus 51 percent of outcomes of those who do not track it. In all, two-thirds of the 395 survey respondents found that adverse events relating to suppliers are becoming more frequent and severe. There is really no good reason not to become invested in better managing risk, the same way there is no good reason to drive a car blindfolded.

You can view the original post here: https://www.cips.org/en/Supply-Management/News/2013/November/Global-supply-chains-increase-complexity-of-supplier-risk-analysis/

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About Author

John Friscia was the Editor of Computer Aid's Accelerating IT Success from 2015 through 2018. He began working for Computer Aid, Inc. in 2013 and grew in every possible way in his time there. John graduated summa cum laude from Shippensburg University with a B.A. in English.

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