Supply Chain Risk Management: Current Industry Practices, Key Challenges and Requirements
Summary
According to the results of our survey, product tampering and fraud was identified as the number one threat to supply chain resilience (55.1%) followed by supplier financial stability (40.9%), political and social unrest (37.3%) as well as sustainability (36.9%).Read full version: http://bit.ly/1ILRSHU For more information, please contact: Dr Evangelia Komitopoulou Global Technical Manager – Food SGS United Kingdom Ltd Camberley, United Kingdom t: +44 (0) 7824 08 9985 Geneva, Switzerland, April 11, 2015 --( PR.com )-- Supply chain management and risk control is a process that combines elements of prevention, mitigation and recovery.According to the results of our survey, product tampering and fraud was identified as the number one threat to supply chain resilience (55.1%) followed by supplier financial stability (40.9%), political and social unrest (37.3%) as well as sustainability (36.9%).The results of our survey indicated that conducting risk audits of key suppliers (68.3%) as well as creating a supplier risk register (42%) are industry’s top resilience improvement practices.In a recently published industry consultation report (Campden BRI, 2015), the need for the development and implementation of the appropriate systems to assure supply chain integrity, and therefore supply chain resilience, throughout manufacturing, distribution and sale was listed amongst the key industry priorities.These would involve analytical, horizon scanning and intelligence gathering tools able to identify, assess and mitigate risks.Read full version:http://bit.ly/1ILRSHUFor more information, please contact:Dr Evangelia KomitopoulouGlobal Technical Manager – FoodSGS United Kingdom LtdCamberley, United Kingdomt: +44 (0) 7824 08 9985 Contact Information SGS Nelirene Dablio 63 02 848 07 77 www.sgs.com Click here to view the list of recent Press Releases from SGS Promote Your Business Press Release Pricing Email this page to a friend