Risk Management Archives - Page 2 of 2 - Supply Chain Game Changer™

Case Building for Supply Chain Risk Management!

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act!

An effective supply chain is the ironic link that every business requires to join together a well-developed product and the market. Everyone knows that, though not everyone takes the time to properly assess the difficulties of their respective markets.

When examining the risks of entering a new market, there are things to look out for that hint towards difficulty. It’s therefore imperative for businesses to ensure they have properly planned how to get into a new market successfully.

Only after that can a good plan be put into action.

Strategies of Risk and Reward: How Modern Industries are Leveraging the Odds!

AI + Data = Supply Chain Risk Management!

In today’s rapidly changing industries, the relationship between risk and reward has evolved. Businesses, entrepreneurs, and innovators now recognize that taking calculated risks can lead to significant rewards.

In this analysis, we will explore the strategies deployed in various sectors to gain a comprehensive understanding of how these modern industries strike a balance between risk and reward.

How Risk Management Software is Transforming 3 Industries!

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act!

In today’s world, supply chains are more important than ever. They’re a key part of any business’s operations, but they can also be one of the most vulnerable areas.

From a business perspective, it’s no longer enough to simply produce and distribute your products. You also have to make sure they get to their intended destination on time, in good condition, and ready to be sold.

That means managing employees, vendors, customers, and more on one platform. And if you’re not doing that well enough, you’ll lose money fast. In fact, 89% of businesses encountered a supplier risk event in the last five years. But not all companies are prepared for this level of risk and complexity. That’s where supply chain risk management software comes in.

How to Avoid Costly Errors in Supply Chain!

The Importance of Integrated Supply Chain Management!

Having a productive and efficient supply chain is very important for a business. In supply chain management, it is essential to keep all unnecessary costly errors mitigated. However, common mistakes can happen that lead to higher overhead.

Missing opportunities that make your chain more efficient will make your supply chain sub-optimal. By locating the mistakes and correcting them, you can optimize your supply chain.

Protect Your Business From Flooding (and other Natural Disasters)!

Disaster Strikes!!! Is Your Supply Chain Ready To Recover?

Natural disasters are never far away. Fortunately, this guide will help to protect your business from them, no matter your location.

Many small and medium-sized businesses are experiencing financial hardships during these economic times. Of course, this means that any natural disaster could potentially send them under if it was to strike.

The Single Point of Failure in Supply Chain – The Suez Crisis!

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act!

In March of 2021 the world was astonished when a large cargo ship, the Ever Given, became stuck in the Suez Canal. Virtually everyone is oblivious to the movement of any single cargo ship around the world. However very quickly the colossal ramifications, including to investors, of this singular event became known to all.

The blockage of the Suez Canal by this one ship immediately impacted global Supply Chains. Over $9 billion per day (12% of global trade) moves through the 120 mile canal.

While the ship was freed after about a week, in the intervening time ships were debating whether to take the longer trip around the Cape of Good Hope in Africa or wait for the salvage operation. It all underscored the vulnerability of having a single point of failure in any Supply Chain.

Do you have a single point of failure in your Supply Chain?

Understanding the Role of Insurance in Risk Management for Startups!

What is Professional Indemnity Insurance and Why Do You Need It?

When it comes right down to it, insurance really is all about risk management. At any moment, some unexpected event can lead to loss of some kind and in varying degrees. Sometimes that loss is related to property and other times it relates to human life.

Other times it relates to intangible assets like intellectual property and those assets that fall in between that which is tangible and that which is not, such as in cryptocurrency. Crypto does exist in the blockchain, but only as ledger entries within a wide network of global computers, and if you are the cause of someone losing what amounts to a small fortune in crypto, you could be held liable.

Supply Chain Trends in Reshoring: Bringing Production Closer to Home!

The Single Point of Failure in Supply Chain – Semiconductor Fabrication!

In recent years, the global supply chain has been under a microscope, revealing vulnerabilities and inefficiencies that were previously overlooked. One prominent trend emerging from this scrutiny is reshoring – the process of bringing production and manufacturing back to a company’s home country.

This shift, along with its cousin trend, nearshoring – moving production to neighboring countries, is reshaping the global supply chain landscape.