Managing Risk in the Global Supply Chain

Managing Risk in the Global Supply Chain
Supply chains, which once functioned almost on autopilot, face many dangers today in both the global and the domestic market. Over the last decade, many companies faced extreme supply chain challenges that stretched their capabilities to the breaking point. Both the preponderance of natural disasters and huge economic swings caused extreme challenges across the supply chain. These challenges have not diminished. The aim of this Hot Topics edition is to provide practical guidelines that companies can use today to mitigate and manage supply chain risk. Recently UPS Capital partnered with the University of Tennessee on research on supply chain risk management.. Given the popularity of supply chain risk as a subject for articles and at conferences,” one could reasonably ask, “Is there anything new to say on the topic?” The thinking on this subject can become increasingly sophisticated, driven by the continuing complexities of the global environment. A survey sought to better understand the state of supply chain risk management today. Input was obtained from over 150 supply chain executives across multiple industries, followed up with in-depth face-to-face meetings with six companies. The survey results provide the basis for this Hot Topics edition and allow an up-to-date “twist on risk.”
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