A new report by A.T. Kearney and RapidRatings shows that supply chain risk management has climbed in priority among most companies, due to current geopolitical volatility. According to the research, most companies (78 percent of typical companies and 90 percent of procurement leaders) expect their procurement organizations to be given more responsibility for managing risk in the next two years.
The report, ‘Managing Supply Risk: Are You Prepared for a Black Swan Event?’ concludes that while disruptions are inevitable, procurement is often unprepared for responding. Organizations that can quickly identify, diagnose, and resolve such issues are best positioned to proactively manage their supply chain risk. The companies that invest in risk management practices that link procurement, category, and supplier management strategies produce optimal results.
Obtain the report (registration required).