Today’s long, complex, and interconnected supply chains are increasingly exposed to issues — ranging from natural catastrophes to political risks — that could lead to significant and costly disruptions. And while most organisations are aware of the vulnerability of their supply chains, lack of proper visibility into the entire ecosystem is often hindering them from identifying weaknesses and taking action to become more resilient.
Aside from the operational impacts of delays, shortages, and other disruptions, supply chain challenges can have a considerable reputational impact, underscoring the importance of uncovering and addressing risk issues. While manually mapping out supply chains and uncovering connections has been a long and taxing process, today’s advanced technologies can help organisations find hidden suppliers and identify vulnerabilities that need to be mitigated.
In this episode of Risk in Context, Robert Cooper, Growth Leader within Marsh's Credit Specialties Practice in the UK, speaks with John Davies, the Commercial Director for Marsh McLennan’s Sentrisk, Cathy Cyphus, Marsh's Head of Risk, Resilience, and Technology for the UK, and Tushar Narsana, Partner within Oliver Wyman and Head of Supply Chain for North America. They discuss some of the challenges that could impact supply chains and actions that organisations should consider to more accurately map their supply chains and identify and address specific risks.
