A practical approach to supply-chain risk management
Mar 8, 2019 · Every risk in the register should be scored based on three dimensions to build an integrated risk-management framework: impact on the organization if the risk materializes, the likelihood of the risk materializing, and the organization’s preparedness to deal …
supply chain risks and define mitigating actions, improving the resilience and agility of the supply chain. An effective supply-chain risk-management governance mechanism is a cross-functional risk board with participants representing every node of the value chain. It typically includes line managers who double-hat as risk owners for their ...
Supply chain risk management is back | McKinsey - McKinsey
Jan 28, 2020 · Multiweek supply-chain disruptions causing significant financial burden have triggered a revival of risk management in operations. Advanced companies aim to prepare for new risks, including cyberattacks, or environmental challenges, such as decarbonization of the overall production footprint.
McKinsey Global Supply Chain Leader Survey 2024 | McKinsey
Oct 14, 2024 · To safeguard against these risks, businesses must prioritize ongoing digitization, talent development, and proactive risk management while ensuring that supply chain issues receive attention at the highest levels of leadership.
considerations and the company’s specific risk appetite. Supply-chain risk leaders develop a set of reactive and proactive response strategies, and foster general risk awareness among their employees, by creating an openness to address potential shortages and failures. Creating supply-chain resilience In light of increasing business ...
Is your supply chain risk blind—or risk resilient? | McKinsey
May 14, 2020 · A comprehensive understanding of supply-chain risk considers two distinct elements: first, the underlying vulnerabilities in the supply chain that make it fragile, and second, the level of exposure or susceptibility to unforeseen events (or …
Supply chain disruption and resilience | McKinsey - McKinsey
Aug 26, 2022 · Over the past 12 months, two-thirds of companies have implemented new supply chain risk management practices; among the most popular approaches are new processes to monitor supplier-related risks.
Future-proofing the supply chain - McKinsey & Company
Jun 14, 2022 · The complexity and diversity of supply chain risks require smart management tools, and leading companies are applying a range of new techniques, from digital alerting systems to track potential disruptive events to risk “heat maps” that help them focus their attention on high-risk regions and suppliers.
Supply chain resilience in the face of change | McKinsey
May 23, 2022 · In this stage, three actions can be critical to building resilient supply chains: creating a nerve center for the supply chain, simulating and planning for extreme disruptions, and reevaluating just-in-time strategies.
Managing supply chain risks | McKinsey
May 19, 2022 · Suppliers vary in their tenure and in their risk management capabilities and culture. What we’re calling “organizational maturity” determines how deftly a supplier can recover from the inevitable problems that arise in business and how well it …