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- W4206581507 abstract "Examples abound of the business impacts of disrupted supply chains. Supplier failures, geopolitical uncertainty, damaged infrastructure, natural disasters: time and again, such events demonstrate the diversity of the risks facing supply chains. Drawing on extensive case study material and lessons learned from real-world supply chain failures, this chapter delineates a methodology for recognizing and reducing supply chain risk.First, it establishes that before such risks can be mitigated, it is necessary to categorize them. Internal risks revolve around the adequacy and nature of the business's processes, controls and existing risk mitigation and contingency plans. External risks include demand-related risk, supply-related risk, and environmental risks, such as natural disasters, regulatory changes, infrastructure failings, or increased impediments to free trade such as tighter customs procedures or raised tariffs.Second, it highlights that supply chain risk mitigation calls for considering the supply chain's design from the point of view of enhanced resilience, engendering appropriate levels of supply chain agility, fostering collaborative supply chain relationships that can contribute to greater resilience, and establishing a culture of supply chain risk reduction that embraces risk recognition and mitigation as routine." @default.
- W4206581507 created "2022-01-25" @default.
- W4206581507 creator A5061651234 @default.
- W4206581507 date "2021-01-01" @default.
- W4206581507 modified "2023-10-16" @default.
- W4206581507 title "Supply Chain Risk Management: Creating the Resilient Supply Chain" @default.
- W4206581507 doi "https://doi.org/10.1016/b978-0-08-102671-7.10216-7" @default.
- W4206581507 hasPublicationYear "2021" @default.
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