article thumbnail

Risk Management Can Be a Competitive Advantage, Part One

Enterra Insights

In the latest WEF Global Risks Report , the authors note, “Present and future risks can interact with each other to form a ‘polycrisis’ — a cluster of related global risks with compounding effects, such that the overall impact exceeds the sum of each part.” Because global supply chains are constantly facing crises.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Best Practices in Supplier Risk Management

Logistics Viewpoints

Marisa Brown, Senior Principal Research Lead, Supply Chain Management at APQC (American Productivity & Quality Center) recently gave a presentation at ARC Advisory Group’s Supply Chain Forum. In her presentation, Ms. APQC has conducted benchmarking and best practices research on supplier risk management.

article thumbnail

Risk Management in Global Ocean Context

The Logistics & Supply Chain Management Society

Risk Management in Global Ocean Context Feature Article by LSCMS Shippers Council Rates have gone down massively in most trade lanes; congestion has eased, and capacity seems sufficient in most sectors. It appears that operational and procurement risks for beneficial cargo owners or shippers, in the short term, are minimal.

article thumbnail

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. market size for risk management was valued at $0.44 In 2022, the U.S.

article thumbnail

Risk Management Can Be a Competitive Advantage, Part Two

Enterra Insights

.” As Kenney makes perfectly clear, there are no silver bullet solutions; especially when trying to tackle climate change risks alone. He concludes, “Ultimately, risk monitoring is only as good as the data that drives it.” 2] Adam Tooze, “ Welcome to the world of the polycrisis ,” Financial Times, 28 October 2022. [3]

article thumbnail

Supply Chain Risk Management & Supply Chain Resilience: Is There a Difference?

Resilinc

Do you ever get confused when people use the terms supply chain risk management (SCRM) and supply chain resilience? However, the way they view risk is very different. SCRM and supply chain resilience both refer to the same “glass”, but present different perspectives. But are these terms actually equivalent?