What is supply risk management?

Businesses engage in supply risk management to identify, assess and mitigate risks throughout their supply chain, leveraging established risk management strategies.

Growing uncertainty has compelled businesses to diversify their supply base and seek real-time supply chain visibility and alternative sourcing as part of their supply risk management strategy.

Leading companies operating in sectors such as automotive, chemicals and electronics have permanent supply risk management processes and teams, which regularly monitor market trends and exchange relevant information with their colleagues. Continue reading to learn more about GEP’s supply risk management services and solutions.