All our manufacturing,
distribution and retail clients face risks associated with every step and
participant in the value chain—suppliers, transportation, manufacturing,
warehousing and distribution. Risks can emerge from quality problems, supply
shortages, transportation interruptions, etc. To understand, quantify and
mitigate risk, Risk Management must span the entire value chain.
Today’s
changing environment is fertile ground for growing supply chain risk, including:
- Increased
globalization – reduced controls on suppliers and networks
- Outsourced functions
– functions that used to be performed internally
- Political
instability – potential impacts are heightened due to global terrorism
- Product
safety legislation – improved product safety legislation requires intensive
material tracking
- Supply
chain weaknesses – exposure from internet and extranet ordering and
communications
We help our
clients identify critical risks and implement mitigation tactics: supplier
certification processes, assessments and recommendations, and specialized
software tools for unique requirements in industries such as pharmaceuticals
and consumer packaged goods.