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PwC and MIT Forum publish supply chain risks advice

The MIT Forum for Supply Chain Innovation has released a report in collaboration with PwC. ‘Making the right risk decisions to strengthen operations performance’ is based on the results of MIT Forum’s 2013 Global Supply Chain and Risk Management Survey.

The report highlights five key principles that companies can use to better manage risks to their supply chains and prepare for future opportunities. These are:

  • Supply chain disruptions have significant impact on company business and financial performance.
  • Companies with mature supply chain and risk management capabilities are more resilient to supply chain disruptions. They are impacted less and they recover faster than companies with immature capabilities.
  • Mature companies that invest in supply chain flexibility are more resilient to disruptions than mature companies that don’t.
  • Mature companies investing in risk segmentation are more resilient to disruptions than mature companies that do not invest in risk segmentation.
  • Companies with mature capabilities in supply chain and risk management do better along all surveyed dimensions of operational and financial performance than immature companies.

Read the report (PDF).

•Date: 27th August 2013 • World •Type: Article • Topic: Operational risk management

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