Due to the escalating dependence on intricate and worldwide supply networks, a growing number of firms are vulnerable to a wide array of hazards, such as stealing, duplication, cyber assaults, natural calamities, geopolitical tensions, and regulatory modifications. These risks have the potential to interrupt activities, weaken product quality and safety, and diminish customer confidence. Hence, to sustain competitiveness and durability, it is crucial for enterprises to tackle these obstacles.
This adaptable policy, penned by Franklin Okeke for TechRepublic Premium, delineates the essential steps and criteria that will fortify the resilience of a supply chain.
Highlighted excerpt from the download:
RISK EVALUATION
Execute periodic risk evaluations: These need to be carried out to pinpoint potential dangers and weaknesses within the supply chain. This process involves analyzing aspects like the physical location of suppliers, political risks, natural disasters, and market circumstances that could impact the security of the supply chain.
Evaluate suppliers and third-party merchants: Assess the security stance of suppliers and third-party vendors. This appraisal should encompass scrutinizing their cybersecurity approaches, financial security, business continuity strategies, and adherence to industry norms. It is imperative to detect any vulnerabilities that could influence the security and resilience of the supply chain.
Enhance your supply chain security with our six-page policy dossier. You can acquire it through a download for just $9. Alternatively, gain complimentary entry with a Premium annual subscription.
TIME SAVED: Formulating this content necessitated 12 hours of focused writing, revising, exploration, and layout.
About Author
