A wide range of business-critical risks face today's manufacturers.
Typical risks include material shortages, catastrophic property losses from unforeseen events, supply chain interruptions, IT failures and more. The lack of transparency and control among sub suppliers only adds to the risk equations for tier 1 suppliers.
Smart planning is increasingly becoming a strategic imperative, especially as supply chains become even more globalized.
This paper addresses the resources and tactics to put into place for an effective risk management strategy.