The Alternative to Multiplication for External Risk Management in Supply Chains

Few and far between are the organisations that are a complete supply chain in themselves. They are much more likely to be part of an overall supply chain with upstream components, downstream components or both. Whether you make cars, computers or breakfast cereals, the same logic applies. You have suppliers upstream from which you acquire raw materials. You have distributors and retailers downstream upon whom you depend for the sale and consumption of your products. That means extra, less controllable (for you) links in the chain that could break and bring your business to a standstill, even though your own organisation is working perfectly. Read more