Podcast
Questions and Answers
What is the common theme at the heart of supply-chain crises?
What is the common theme at the heart of supply-chain crises?
The lack of robust processes to identify and successfully manage growing supply-chain risks
What percentage of executives, in a 2010 survey, believed that their companies were more at risk from supply-chain disruption than previously?
What percentage of executives, in a 2010 survey, believed that their companies were more at risk from supply-chain disruption than previously?
71 percent
What has exacerbated the challenge of supply-chain risk management?
What has exacerbated the challenge of supply-chain risk management?
Globalization
What kind of new threats are emerging alongside more traditional supplier risks?
What kind of new threats are emerging alongside more traditional supplier risks?
Signup and view all the answers
What are known risks and how can they be managed?
What are known risks and how can they be managed?
Signup and view all the answers
How can cybersecurity vulnerabilities in the supply chain be quantified?
How can cybersecurity vulnerabilities in the supply chain be quantified?
Signup and view all the answers
What is the recommendation for organizations to start managing supply-chain risks?
What is the recommendation for organizations to start managing supply-chain risks?
Signup and view all the answers
What are unknown risks, and why are they difficult to foresee?
What are unknown risks, and why are they difficult to foresee?
Signup and view all the answers
Why do public- and private-sector organizations struggle to progress significantly on the topic of supply-chain risk management?
Why do public- and private-sector organizations struggle to progress significantly on the topic of supply-chain risk management?
Signup and view all the answers
What are some examples of known risks in the supply chain?
What are some examples of known risks in the supply chain?
Signup and view all the answers
Study Notes
Supply-Chain Crises
- The common theme at the heart of supply-chain crises is the lack of preparation for disruptions.
Executives' Perception of Supply-Chain Risk
- In a 2010 survey, 75% of executives believed that their companies were more at risk from supply-chain disruption than previously.
Exacerbating Factors in Supply-Chain Risk Management
- The challenge of supply-chain risk management has been exacerbated by globalization, complexity, and interconnectedness.
Emerging Threats in Supply-Chain Risks
- New threats emerging alongside traditional supplier risks include cyberattacks, natural disasters, and geopolitical uncertainty.
Known Risks in Supply-Chain Management
- Known risks in the supply chain include supplier insolvency, logistics disruptions, and material shortages.
- These risks can be managed through strategies such as diversification, risk assessments, and contingency planning.
Cybersecurity Vulnerabilities in Supply Chains
- Cybersecurity vulnerabilities in the supply chain can be quantified through risk assessments and scenario planning.
Recommendations for Supply-Chain Risk Management
- Organizations should start managing supply-chain risks by identifying critical dependencies and developing mitigation strategies.
Unknown Risks in Supply Chains
- Unknown risks are unforeseen events or disruptions that are difficult to foresee due to their unpredictability and uncertainty.
Challenges in Supply-Chain Risk Management
- Public- and private-sector organizations struggle to progress significantly on the topic of supply-chain risk management due to lack of resources, data, and strategic planning.
Examples of Known Risks in Supply Chains
- Examples of known risks in the supply chain include natural disasters, supplier insolvency, and logistics disruptions.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge of supply chain vulnerabilities and disruptions in various industries. Explore the impact of cybersecurity breaches and supplier ecosystem failures on organizations.
