Risk Mitigation

The EPIC Framework: A tool for supply chain managers in an age of global disruptions

Friday, September 20, 2024 · University of Tennessee Knoxville Global Supply Chain Institute
The EPIC Framework provides the structure for assessing supply chain readiness in regions around the globe from economic, political, infrastructural, and competence perspectives by defining and explaining these dimensions to assess their potential impacts on the effectiveness…

Best practices—and solutions—to manage supply chain risks

Wednesday, September 11, 2024 · Marc Dantuono
When used in conjunction with comprehensive planning, implementing advanced technology, attracting and investing in top talent, and cultivating and maintaining strong partnerships, insurance solutions can help businesses better safeguard themselves when managing supply chain…

Reglobalization drives the modern supply chain network

Wednesday, September 4, 2024 · Brian Straight
The pursuit of low-cost networks left supply chains vulnerable to volatility. Now, they are refocusing on networks that are resilient, agile and flexible with the added focus on cost.

Use value to drive organizational change

Tuesday, September 3, 2024 · Brian Straight
As supply chains gained favor with the C-Suite, added scrutiny was, in some cases, an unwelcome consequence. Not only was more attention being paid to the operation, but so too was focus shifted onto cost, sustainability, and increasingly the journey to an outcome.

Can another supply chain group save us?

Tuesday, September 3, 2024 · Brian Straight
Back in late 2023, in response to global panic about the state of the supply chain, President Joe Biden announced the formation of the White House Council on Supply Chain Resilience. Now, another group has formed. Will it succeed in its mission to improve the supply chain?

Solving supplier traceability in modern supply chains

Wednesday, August 14, 2024 · Venkat Maddila, Travis Wolf, Carl B. March and Anthony Mubarak
As traceability programs become a business requirement, the appropriate platform combining publicly available data and AI tools can enable companies to move beyond base-level traceability.

Taking the temperature of the supply chain

Friday, August 9, 2024 · Jeff Berman
A new report from S&P Global finds that more people are feeling positive about the supply chain as the second half of the year moves forward.

The modern face of disruption: Navigating beyond natural disasters to IT outages

Thursday, August 8, 2024 · Mihir Patel
The Microsoft-CrowdStrike outage is a clarion call to broaden traditional risk management within supply chains to now include the digital realm, where IT outages pose an equal, if not greater, threat to operational continuity.

Rest assured: Building resilience in supply chains one mattress at a time

Wednesday, July 10, 2024 · Gabriel Szuma and Szuya Huang
A strategic approach to navigate the tradeoff between risk mitigation and cost efficiency, developed in collaboration with Tempur Sealy, offers insights for a restful supply chain future.

Calculating financial business risk to identify supply chain vulnerabilities

Wednesday, July 3, 2024 · Romain Lucas and Pik Yien Lai
While most businesses assume higher procurement supplier spend equals to higher risk, an MIT CTL research study found that is not always the case.

Predicting the future is impossible; so focus on mitigating risk and building resiliency

Monday, June 24, 2024 · Jonathan Colehower
Supply chain crunches occur precisely because they are unpredictable and expose vulnerabilities that had not previously been considered. But, it’s never a bad idea to be prepared.

Navigating global elections: A blueprint for supply chain resilience

Tuesday, June 18, 2024 · Mirko Woitzik
With major countries such as the U.S., India and Taiwan holding elections this year, supply chains face an uncertain path toward resiliency.

Moody’s weighs in on insurance risks supply chains face today

Wednesday, June 12, 2024 · Brian Straight
A report from Moody’s has identified areas of the supply chain where insurers are most concerned.

5 strategies for energy market cost and risk reduction

Monday, May 20, 2024 · Bob Wooten, C.P.M., CEP; Mark Trowbridge, CPSM, C.P.M. MCIPS; and Claudette Calder, MBA, CPSM
Electricity and natural gas costs are major factors in the profitability of companies in all industries, but especially in key parts of the supply chain. There are strategies to better control these costs.

5 strategies for energy market cost and risk reduction

Sunday, May 19, 2024 · Bob Wooten, C.P.M., CEP; Mark Trowbridge, CPSM, C.P.M. MCIPS; and Claudette Calder, MBA, CPSM
Electricity and natural gas costs are major factors in the profitability of companies in all industries, but especially in key parts of the supply chain. There are strategies to better control these costs.
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