“What you don’t know about your supply chain can hurt you.”
Nick Wildgoose, Board Member of the Supply Chain Risk Leadership Council
This is a timely reminder, especially with the ongoing supply chain challenges arising from geopolitical conflict, high inflation and an increasing risk of global recession.
Supply chains are complex, and unique to each business. With 20% of products producing 80% of annual profitability for many companies, having a robust risk management approach is critical to future-proofing supply chains and should be a key priority on every company’s corporate agenda.
Having a thorough understanding of your company's supply chain, and identifying where all the risks lie, is fundamental to developing effective risk management strategies. It involves mapping the full supply chain and all business processes, as well as understanding what makes it vulnerable.
Being able to answer the following questions can go a long way towards building your company’s supply chain resilience.
The Spectre of Disruption is a two-part Chubb report designed to help you ask the right questions about your company’s supply chain. The reports explore:
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