Managing Risk in the Global Supply Chain
Processes for Prioritizing Global Supply Chain Risk Management
“Managing Risk in the Global Supply Chain”
A White Paper by the University of Tennessee Global Supply Chain Institute
More Information on this White Paper
Some of the essential skills for a supply chain professional to hone in modern business are identifying, prioritizing, and mitigating global supply chain risks. That was the case in 2014, when this white paper was first written, and is certainly the case after unprecedented years of supply chain challenges, disruptions, and delays amidst a pandemic.
What are the steps for developing a supply chain risk management strategy? If you’re asking yourself this question, you’re already ahead of the game. Our research found that many supply chain executives have “risk apathy.” While their intentions are good, they can’t see the trees through the forest of daily emergencies and are unable to think about, much less prioritize, supply chain risk management while tackling their long list of other tasks.
Our team of researchers analyzed data from over 150 supply chain leaders across six benchmark companies and found that many have done little to formally manage their supply chain risk. This white paper examines the findings while recommending a three-step process for global supply chain risk management to protect your business.
Download this white paper to explore:
- Informative supply chain risk management terminology, stats, and context
- Research and survey findings from over 150 supply chain leaders from six prominent companies
- A three-step supply chain risk management process and risk mitigation recommendations
- In-depth information on insurance as a risk mitigation approach
- A supply chain best practices case study with IBM
For more in-depth, industry-focused white papers from the Global Supply Chain Institute (GSCI) at the University of Tennessee, Knoxville, visit this web page. Recent papers produced by the Advanced Supply Chain Collaborative, an initiative of GSCI, engage industry experts and UT faculty to explore and report on advanced concepts in supply chain management and innovation, including supply chain agility, last-mile and reverse logistics, and more.
Who This White Paper is Primarily For: Supply Chain Managers, Supply Chain Planners, Corporate CEOs, Supply Chain Professionals, Chief Supply Chain Officers, Chief Procurement Officers, Supply Chain Leaders, and Supply Chain Students.
