SCM Lowdown

Supply Chain Risks and Measures

In a recent time, supply chain companies have suffered 58% financial losses due to the disruption over a period of time. The disruptions that led to financial losses for the supply chain companies are accounted as failing to meet demand, rise in prices of raw materials and shortages, change in customer demand, shipment delay, and damage, misdirected.

However, companies to some extent have changed their strategies to counter losses; they have gone global in sourcing as well as selling to the new regions and are adding new carriers, forwarders logistics and distribution partners to their network. This new trend has led to the new security concern developing into a new level of regulation on global shippers.  This tendency has turned attention of the companies toward supply chain risk management and adopts new processes and technologies to make supply chain risk resistant.

The best way as to get over current scenario of Supply Chain Risks is to manage and assess logistics congestion and capacity, profile of suppliers, profile of countries, and non environmental catastrophic events.

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