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 ...
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 …
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 ...
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. Is your organization paying enough attention to supply chain resilience?
Managing supply chain risks | McKinsey - McKinsey & Company
May 19, 2022 · With this view in hand, they can secure the products that are most at risk. This article describes a holistic approach that companies can use to safeguard their sources of supply and make their organizations resilient.
We have developed a proprietary, end-to-end supply chain risk-management process and tool kit tailored to healthcare companies, in order to identify and proactively mitigate potential risks and deliver incremental value.
Our response checklist offers practical solutions to help COOs and supply-chain leaders protect their employees and navigate through an uncertain time. This checklist explores key actions for supply-chain leaders to consider on the journey to the next normal.
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.
Is your supply chain risk blind—or risk resilient? | McKinsey
May 14, 2020 · Supply-chain risk ultimately lies at the cross-section of vulnerability and exposure. A robust mitigation framework considers these factors and prioritize risk across three dimensions to ensure effective mitigation and continuity planning: the likelihood of the risk manifesting, the financial impact, and the organization’s ability to mitigate.