Moody’s Analytics new paper offers a step-by-step guide to building a robust supply chain risk management strategy.
For many organizations worldwide, supply chain resiliency has been tested to its limits since the Covid-19 pandemic.
Supply chain teams have faced increased disruption including price surges, delays and shortages in turn, supply chain risk has not only represented a possible cause of reputational damage and customer dissatisfaction, it has impacted the bottom line.
Against this backdrop, a new paper by Moody’s Analytics offers a practical guide to taking a more proactive approach to managing supply chain risk - to help companies protect their revenues and profitability and avoid reputational or supply chain crises.
The paper covers:
- The myriad supply-chain related risks that companies today are encountering and possible methods of mitigation;
- The steps that supply chain teams can take to establishing a robust supply chain risk management strategy;
- Best practices for lobbying the board to greater investment in supply chain risk management;
The paper’s publication follows recent research from Moody’s Analytics that suggests - despite increasing risk - very few supply chain leaders are taking a proactive, data-led approach to managing supply chain risk.
As such, the paper is designed to support supply chain leaders in recalibrating their internal strategies, while helping internal stakeholders and decision-makers to understand the strategic importance of supply chain risk management.
