The world is hurling ‘once in a lifetime’ events at us like it’s going out of style! From pandemics to wars to climate chaos, we are facing a “polycrisis.” What’s that, you ask? It’s a messy cocktail of crises, testing the resilience of our businesses.
Let’s talk SUPPLY CHAIN RISK! Remember the Suez Canal drama? That $9.6 billion hiccup? Yeah, not something you can ignore. But many businesses are still playing the ostrich game, head buried in sand.
Sam Phipps, UK Marketing Manager at Slimstock, has produced an article that dives deep into contingency planning and strategic thinking. It’s time to toss that outdated risk management playbook. Instead, we must face the interconnected reality of our business. Sales, marketing, supply, finance, customer service – it’s all one big web!
So, what’s the solution? Sam shares the wisdom of building a supply chain risk appetite statement. It’s not just some fancy term; it’s the framework to judge and manage risks, aligning your supply chain with the entire business’s strategy.
Here’s the golden takeaway: Risk is our new normal, and we MUST have a strategy to navigate it. Having a strong risk appetite statement can be the superpower to ensure resilience, confidence, and alignment.
Ready to dig into this feast of knowledge? Read Sam’s full article here: https://www.slimstock.com/blog/appetite-for-supply-chain-risk/
In these tumultuous times, we at Liberty Jai stand firm to guide businesses to navigate these unknown waters. Let us help you create a resilient and agile supply chain that thrives, not just survives.