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Risk Management Can Be a Competitive Advantage, Part One

Enterra Insights

The Mint staff adds, “Supply chain risk is a modern day reality and can emanate from a variety of sources, ranging from natural disasters to government policies and a host of other unforeseen events.”[2] In other words, good risk management can provide a significant competitive advantage for businesses.

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Trends 2022: Risk Management

Enterra Insights

When the Covid-19 pandemic erupted in late 2019 and early 2020, few, if any, risk managers had prioritized widespread illnesses (i.e., Risk management has always been challenging. Risks can emerge anywhere in the supply chain and the potential causes of those risks are as myriad as sands on a beach.

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Autoliv’s Supply Chain Risk Management Journey

Logistics Viewpoints

In February, Klaus Niebur, the director of global supply chain risk management at Autoliv, and Jan Thiessen, the managing director at targetP!, spoke on best practices on supply chain risk management at ARC Advisory Group’s Digital Transformation in Industry conference. The implementation was not trivial.

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Vigilance Remains the Watchword of Supply Chain Risk Management

Enterra Insights

When it comes to supply chain risk management, however, vigilance is always required. ” This reality motivated Rosemary Coates , Executive Director of the Reshoring Institute and President of Blue Silk Consulting, to ask, “Are you really managing risk?”[2] ” Stuff Happens.

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Risk Management in Halal Supply Chains

The Logistics & Supply Chain Management Society

Risks in halal supply chains The halal integrity of a brand (and its products) is a function of its supply chain, where a breakage in halal integrity anywhere in a supply chain becomes a breakage of its halal integrity. Halal risk management is essential for trust in halal certified brands.

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Enterprise Risk Management (ERM) Framework for a Stronger Supply Chain

Resilinc

Learn how implementing an Enterprise Risk Management framework can help your company on the journey to operational resilience. Businesses have started to see risk management as a necessary facet of running a successful company. In 2022, the U.S. market size for risk management was valued at $0.44

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Risk Management Can Be a Competitive Advantage, Part Two

Enterra Insights

He concludes, “Ultimately, risk monitoring is only as good as the data that drives it.” ” “Finally,” Black notes, “it is important to recognize that third-party risk management is multi-functional. 2] Adam Tooze, “ Welcome to the world of the polycrisis ,” Financial Times, 28 October 2022. [3]