Supply Chain Risk Management: Managing Risk in the Supply Chain

What is it about?

Can the resilience of the supply chain be increased if a company has implemented supply chain risk management practices? The answer is yes. Supply chain risk management can help to increase resilience both proactively (robustness) and reactively (agility). Thus, the resilience-related effect of supply chain risk management is twofold. The article contains a definition of supply chain risk management.

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Why is it important?

It turns out that supply chain resilience not only has an impact on the performance of a supply chain, but also a direct impact on overall business performance. This indicates that implementing supply chain risk management practices can help companies to perform better than their competitors.