A business is only as strong as the chain of suppliers it works with. So leaders must recognize and work to understand the factors that promote strong risk management in the supply chain. Ensuring that your goods arrive on time is only a piece of the whole. Managing vendor relationships, building strong payment protocols and knowing the geographic challenges associated with growth can help keep risks under control. See our five steps to supply chain risk management—to help you gain competitive advantage, protect your brand, and drive growth.
Risk management in the supply chain has become increasingly important as companies both large and small seek to extend their global reach. Enterprises entering new markets often need to form new supplier relationships, engage with state-owned entities, and adapt to local laws and culture. The resulting complexity in the supply chain can mask a wide range of financial, regulatory, and legal risks.
CPO Innovation Media organized a tweetchat on MANAGING RISK IN YOUR SUPPLY CHAIN where our expert speakers shared their thoughts by answering some of the questions asked in that online event. This tweetchat was a precursor to the Tech Supply Chain Conference, Exposition & Awards 2019 which is going to be held on the 19th – 20th September 2019 in Mumbai.
Here is a glimpse of what the industry experts said:
CPO Innovation Media thanks all our expert speakers who participated in this tweetchat and shared their valuable insights.
Stay tuned for more such events. Follow us on twitter @CPOInnovation.