Understanding Supply Chain Risk

When exploring understanding supplychain risk, it's essential to consider various aspects and implications. A practical approach to supply-chainrisk management. In supply-chain risk management, organizations often don’t know where to start. We offer a practical approach. Is your supply chain risk blind—or risk resilient? A comprehensive understanding of supply-chain risk considers two distinct elements: first, the underlying vulnerabilities in the supply chain that make it fragile, and second, the level of exposure or susceptibility to unforeseen events (or shocks) that exploit these vulnerabilities.

Supply chain risk management is back | McKinsey. Which precautionary measures make sense, and how much do they differ by industry? We conducted research by interviewing supply-chain managers across Europe to understand how they assess risks, what they do to prepare, and how they respond to disruptions. McKinsey Global Supply Chain Leader Survey 2024 | McKinsey.

Equally important, mcKinsey’s annual survey of supply chain leaders looks at the biggest issues and opportunities impacting the industry. See our latest 2024 findings. Future-proofing the supply chain - McKinsey.

Moreover, supply chain risk manifests at the intersection of vulnerability and exposure to unforeseen events (Exhibit 2). The first step in mitigating that risk is a clear understanding of the organization’s supply chain vulnerabilities. The final critical step is to set up a robust governance mechanism to periodically review supply chain risks and define mitigating actions, improving the resilience and agility of the supply chain. Moreover, getting ahead of supply-chain risks | McKinsey. How public- and private-sector organizations can collaborate, assess vulnerabilities, and look at the bigger picture to improve supply-chain resilience.

Reducing direct imports from a country may not reduce geopolitical risk as much as you might expect. We look at a new approach to supply-chain risk management. What is supply chain and how does it function? In this McKinsey Explainers, we define what a supply chain is, how it connects businesses and consumers, and the risks and disruptions that impact our world. Risk, resilience, and rebalancing in global value chains. An organization’s supply chain operations can be a source of vulnerability or resilience, depending on its effectiveness in monitoring risk, implementing mitigation strategies, and establishing business continuity plans.