Take your supply chain and people risk management to the next level

Are you ready to transform your organisation's approach to supply chain and people risk management? Marsh's exclusive compendium offers expert insights and strategies to help you make decisions with confidence and stay ahead of emerging risks.

Use the compendium to discover how to:

Optimise operations and supply chain risk management with new technologies.
Manage human capital and mitigate people risk more effectively.
Assess and mitigate climate-related risks to meet sustainability goals and build resilience.

The compendium provides instant access to illuminating thought leadership pieces — designed to help you gain and maintain a competitive advantage. See some highlights below and read the PDF to take a deeper dive.

Turn supply chain exposure into business opportunity through data

For businesses the world over, relying on a complex global supply chain can unwittingly be sailing close to an iceberg. Icebergs are a known source of risk and uncertainty, but it can seem impossible to fully understand or map them. Now, the confluence of data availability and technical capabilities is changing the supply chain risk management game. And learning the new rules can open up extraordinary opportunities. (Read more)

Could AI be the solution to companies’ supply chain conundrum?

Rapid advances in technology, including AI, have enabled companies to produce detailed maps of the precise origins of their materials and components. We’ve been working with clients to help them piece together the many links in their supply chain, which have previously been completely invisible to them. And with this mapping complete, organisations have then been able to quantify their risk exposures from climate change, geopolitical risks and other threats and move towards being more proactive in responding to risks before they materialise as a disruption. (Read more)

The five pillars of people risk

Streamlining organisational complexity and creating clearer definitions of risk will support areas such as health, wellbeing, and safety, as well as address governance issues. From a people perspective, investing in appropriate skilled resources is a priority, but this needs to be a redesign of work, not just bringing in skills, in order to build a sustainable and resilient people model. A clearer focus on senior leadership vision, strategy and/or engagement is also vital, especially in relation to technological change and disruption. (Read more)

A new approach for supply management teams

Every day, many supply management teams are contending with resource shortages, supplier lead time changes, and new difficulties like the semiconductor crisis and overseas transport issues. The situation leaves them in constant firefighting mode, while also facing increased raw material stock levels. To reconcile the competing needs for inventory reduction and production stability, manufacturers have launched initiatives to move from a reactive "missing parts chasing" approach to a proactive coverage monitoring strategy. (Read more)

Managing climate vulnerabilities in your supply chain

Some organisations are adapting to climate change by boosting their inventory to buffer against shocks, while also working to alter the layouts of their networks to address vulnerabilities. Changes to global supply chain structures, however, are still in the early stages.

For risk management professionals, risk quantification and scenario analyses need to happen cross-business and between teams, as they frame the conversation in shared terms. This is particularly important with regards to large-scale disruptions, where there may not be one sole response to an event and the impacts could be enterprise-wide. (Read more)

This compendium from Marsh was produced in partnership with RIMS (the Risk and Insurance Management Society).

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Article

Take your supply chain and people risk management to the next level

Turn supply chain exposure into business opportunity through data

Could AI be the solution to companies’ supply chain conundrum?

The five pillars of people risk

A new approach for supply management teams

Managing climate vulnerabilities in your supply chain

Related insights

Turn supply chain exposure into business opportunity through data

Managing business interruption risks amidst uncertainty

Stay financially resilient in a high inflationary environment

Three insurance program shortcomings to avoid during inflation

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Take your supply chain and people risk management to the next level

Turn supply chain exposure into business opportunity through data

Could AI be the solution to companies’ supply chain conundrum?

The five pillars of people risk

A new approach for supply management teams

Managing climate vulnerabilities in your supply chain

Take the next step towards enhancing your organisation's risk management capabilities and long-term resilience.

Take control of your supply chain with Sentrisk

Related insights

Turn supply chain exposure into business opportunity through data

Managing business interruption risks amidst uncertainty

Stay financially resilient in a high inflationary environment

Three insurance program shortcomings to avoid during inflation