Swan Image 150 x 150.jpg

Report: Managing Supply Risk

Are You Prepared for a Black Swan Event?

Although disruptions are inevitable, procurement is often not prepared to respond. Organizations that can quickly identify, diagnose, and resolve these issues will be in the best position to weather the storms.

  • Learn how supplier risk management’s responsibilities have evolved over the past decade
  • Understand 12 macro trends affecting global supply chains
  • Leverage financial health as a key metric for managing supplier risk
  • Gain risk management insight to inform long-term supply strategies

Download Report

Although disruptions are inevitable, procurement is often not prepared to respond. Organizations that can quickly identify, diagnose, and resolve these issues will be in the best position to weather the storms.

  • Learn how supplier risk management’s responsibilities have evolved over the past decade
  • Understand 12 macro trends affecting global supply chains
  • Leverage financial health as a key metric for managing supplier risk
  • Gain risk management insight to inform long-term supply strategies

A.T. Kearney and RapidRatings explain how many supply chains are just one event away from a major disruption.

As supply management has secured its position as a strategic business function by focusing on high-impact, high-visibility activities, managing risk has fallen to the bottom of the list of priorities. And overlooking risk management—or, rather, getting by with a strategy of “hoping our luck holds out”—leaves procurement organizations especially vulnerable in today’s tenuous geopolitical and economic environment, where many public and private companies are in precarious financial positions. Even the leading procurement organizations today are struggling to manage the latent risk in their extended supply chains.

What’s needed is a layered, pragmatic approach that uses the best available tools to filter out information noise, capture valuable information, and create powerful insights long before the luck runs out.

Authors:

CR-Ericson-Carrie

Carrie Ericson
Vice President
AT Kearney

 

  

CR-Agarwal-Sonali

Sonali Agarwal
Director
AT Kearney

CR-Caragata-Patrick

Dr. Patrick Caragata
Founder, Director and Head of R&D
RapidRatings 

   

CR-Gellert-James-H

James H. Gellert
Chairman & CEO
RapidRatings