Global supply chain risks

 Are you aware of the tained imports from china, and other cases of supply chain risks??

Experts say the emergence of these deficient goods highlights the risks associated with today’s global supply chains. The far-flung networks of suppliers and transportation systems connecting them to their destinations present a new set of challenges.

Another important problem is visibility, ie the company is not able to keep track on all the people in the supply chain because of its wide distribution.

Following this is the problem of increased speed, increased speed as such is not a problem but increased speed means less time on product checks.

Such threats to the supply chain increase the importance of security, which like any other type of risk management, can be a hard sell. Getting it in place can be costly, and ROI is hard to justify, unless, of course, something goes wrong. The key to selling security, experts say, is to emphasize the collateral benefits—the kind of ROI that will be realized regardless of disaster.

COMMON SUPPLY CHAIN RISKS

• Geopolitical problems

• Damage to the brand

• Natural disasters and diseases
  

MANAGING SUPPLY CHAIN RISKS

• VISIBILITY OF GOODS

    Always have the right answers to question like, where in my good now?, how is it shipped? what will i do if an emergency arises?

Companies also need to watch their products all the way to the shelf. In many cases, counterfeit goods are introduced into the supply chain somewhere along the way, after the manufacturing plant.You need to make sure you can account for every bottle and where it was.

• HAVE A WATCHFUL EYE FOR PROBLEMS
  

    Your company should appoint a leader or hire a service provider who’s responsible for constantly monitoring news feeds to keep abreast of what’s going on at supplier companies around the world and the countries where they are located.

• COLLABORATE WITH OTHER COMPANIES