Managing supply chain risk: are you properly prepared?

In this Supply Space blog at Supply Chain Management Review, Frank Quinn looks at potential supply chain disruptions and how to manage the risk:

We live in turbulent times. Surely, you’ve read numerous articles and heard any number of experts intoning on this subject. But without being melodramatic about it, we are in fact subject to a higher potential for disruptions to our supply chain than ever before.
 
The reasons are fairly obvious to anyone working in our profession: supply chains are longer and more geographically dispersed; a slowing economy has impacted carrier transit times and shipping frequencies; political and labor unrest has heated up in certain key sourcing parts of the world; and now even the ancient scourge of privacy has reappeared.
 
But despite the obvious heightened potential for supply chain disruption, many companies—and the supply chain professionals in them—have failed to properly prepare for such events.

Click here to read blog.