Friday 14th Dec 2018 - Logistics & Supply Chain

Emerging risks under scrutiny

The Supply Chain Risk Leadership Council, which includes leading companies, academic institutions and government bodies, has published its first ever emerging risks report.

The report, Emerging Risks in the Supply Chain 2013, aims to help organisations identify the risks that may have a major impact on them. It is designed to encourage planning to improve resilience against risks such as climate change, gender imbalance and population growth.

The council has also launched a risk analysis tool, the Supply Chain Risk Maturity Model, which is available for free.

The model is made up of categories linked to a company’s ability to handle its supply chain, including leadership, planning, implementation, and evaluation and improvement perspectives. Each of these areas is assessed on a five-stage rating scale (Reactive, Aware, Proactive, Integrated, Resilient) and bespoke advice is given to businesses on this basis.

Nick Wildgoose, chairperson of the SCRLC and global supply chain product leader for Zurich Insurance Group, said: “The council is offering these tools to foster improved practices in Supply Chain Risk Management. We hope they will enable organisations across a range of industries to move forward in creating resilient supply chains.

“The SCRLC has in the past published best practice guidelines which many organisations have found useful and are now being considered as the basis of international standards. We would welcome feedback from readers about other emerging supply chain risks that should be highlighted”.

Members of the SCRLC include: Rolls Royce plc, Cisco, Boeing, GE, The Coca-Cola Company, FedEx, Zurich Insurance, Procter & Gamble, Toyota, USAF, University of Michigan, and MIT.

 

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