Five questions on supply chain risk
From the tsunami in Japan and drought in the US farm belt, to horse meat in Europe and flooding in Thailand, the ripple effects of supply chain risks are being felt around the world. Problems that used to be isolated and manageable can now lead to global supply disruptions and lasting brand damage. Supply chain executives have to be equally vigilant about internal operational risks and even functional support risks in areas such as legal, finance, HR, and IT.
As executives find themselves being asked more and more questions about the risks facing their supply chains, many have decided it’s time to reexamine their assumptions and approaches. In this issue of Risk Angles, Kelly Marchese, principal, Deloitte Consulting LLP, answers five of the questions she hears most frequently regarding supply chain risk. Then, James Cascone, principal, Deloitte & Touche LLP and leader of the Center for the Global Food Value Chain, takes a closer look at supply chain risks associated with our food supply.
This Risk Angle answers the following questions
- Why is supply chain risk something we should be worrying about now?
- We've already poured a lot of time and money into supply chain improvements. What more can we do?
- Since we mostly use external suppliers, isn't supply chain risk their responsibility?
- How so we eliminate supply chain risk is we can't predict the future?
- Resiliency sounds like a good idea. Where do we start?
It also takes a closer look at supply chain risks in the food industry