A major challenge for enterprises with global supply chains is that of managing supply risks. These risks can range from single supplier sourcing to capacity constraints and supply quality issues. To ensure effective mitigation of risks, it is critical to have a structured Supply Chain Risk Management (SCRM) strategy in place with the primary objective of reducing supply vulnerability and ensuring business continuity.
Learn how GEP helped a leading food manufacturer develop and implement a supply risk assessment model to identify ingredients with high supply risks, and design mitigation strategies. In addition, the model also enabled the client’s supply chain resilience against disruptions such as unforeseen price risks.
A must-read case study for supply chain professionals looking to build resilient and agile supply chains, and effectively mitigate supply chain risks.