Identifying effective #SMARTRisk Management responses to potential issues arising in the Supply Chain is one of the necessary actions that motivated us to set up InShare SMART Risk.
Our Partner Risc Vision delivers risk and commercial intelligence to help their clients focus their due diligence analysis and carry out ongoing portfolio monitoring of third party companies. This is one of the innovative ways that risks can be tracked and effectively mitigated against, and we are always looking for more tools to add to the mix!
Any #SupplyChain cartogrophers out there? Get in touch!
The ongoing uncertainty around Brexit is encouraging many manufacturers and retailers to consider other supplier locations in low cost, higher risk countries to avoid possible trade barriers. The latest analysis in the Global Supply Chain Risk Report, produced quarterly by Cranfield University and Dun & Bradstreet, found marked increases in Supplier Criticality (up 2%) and Global Sourcing Risk (up 4.8%) in Q3 2019. Dr Heather Skipworth, Associate Professor ... at Cranfield University, says that lack of clarity over possible trade tariffs and other non-tariff barriers is leading to companies seeking out alternative countries to source from: “The manufacturing sector in Europe is facing the ongoing uncertainty around Brexit, encouraging many businesses to take more risks with the location of suppliers to avoid the possible trade tariffs and other non-tariff barriers such as quotas, embargoes, sanctions, and levies..."