Overwhelmed by Risk

Posted by Gary M. Barraco on Thu, May, 10 2012 @ 11:18 AM

When we talk about “risk” we really mean “disruptions”. It’s something we don’t ever want to see in our supply chains when they should be churning out goods like well-oiled machines.

But as supply chain executives, we need to remain cognizant of every risk that looms over our supply chains – but even more so, we need to expect that it will happen.

What are your Top Ten risks? The list below is in no particular order but calls out some of the current risks we face today. Feel free to post additional risk you feel should be on the list.

When we talk about “risk” we really mean “disruptions”. It’s something we don’t ever want to see in our supply chains when they should be churning out goods like well-oiled machines. But as supply chain executives, we need to remain cognizant of every risk that looms over our supply chains – but even more so, we need to expect that it will happen. What are your Top Tenrisks? The list below is in no particular order but calls out some of the current risks we face today. Feel free to post additional risk you feel should be on the list. 
  1. Product safety and compliance.
  2. Downturn in the US economy and consumer spending
  3. Political unrest
  4. Unstable overseas economies
  5. Network (technology) failures
  6. Supplier financial instability
  7. Environmental disasters
  8. Physical and IP security
  9. Labor shortages
  10. Increased costs for goods and transportation

On Tuesday June 5th at 1pm EST, I will be hosting a webcast with ecVision’s CEO Thomas Ng.  We will be discussing the types of risks facing the supply chain community, how to steer clear of these disruptions, and the technological and process changes that will provide you with the means to mitigate risk of all types.

If you’re interested in joining our webinar feel free to register today. Register Today

Even if you can’t join us for the live broadcast, register today to receive a link to the recorded session.  

 

 

 

Topics: Supply Chain Visibility

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