WELCOME TO THE CONTINUITY CENTRAL ARCHIVE SITE

Please note that this is a page from a previous version of Continuity Central and is no longer being updated.

To see the latest business continuity news, jobs and information click here.

Business continuity information

Supply chain continuity advice issued by Marsh

Marsh has issued guidance on a new strategy for managing shocks to the supply chain involves considering the risks using an ‘investment portfolio approach.’

This approach enables an organization to diversify and leverage its supply chain risk mitigation in the same manner as it diversifies and leverages its financial investments.

A starting point for the new approach is to assess the risks, the available mitigation options, and the potential costs of various supply chain disruptions (for example, lost sales, rebuild/recovery time, competitive position, and reputation). Organizations can then spread their risk efficiently across a portfolio of insurance products, retention options, and other financial tools: combined with a robust supply chain resiliency component.

By actively managing a supply chain risk mitigation portfolio, companies can more successfully plan for and recover from supply chain shocks.

Read Marsh’s guidance document ‘Taking an Investment Portfolio Approach to Supply Chain Risk Management’ (pdf).

•Date: 4th Oct 2012 • US/World •Type: Article • Topic: Enterprise risk management

Business Continuity Newsletter Sign up for Continuity Briefing, our weekly roundup of business continuity news. For news as it happens, subscribe to Continuity Central on Twitter.
   

How to advertise How to advertise on Continuity Central.

To submit news stories to Continuity Central, e-mail the editor.

Want an RSS newsfeed for your website? Click here