3 Ways Supply Chain Risk Threatens Your ERM Strategy

Your ERM strategy is only as strong as your weakest link—don't let that be supply chain risk. Download our whitepaper to learn how supply chain risk fits into the risk management lifecycle.

Supply Chain Risk is...

Increasing Your External Risk Exposure

Your supply chain opens you up to financial, natural and political risk.
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By managing risk in your supply chain, you can:

  • Reduce the likelihood that a natural disaster, financial insolvency or political event will affect your company.

  • Get a full picture of your supply chain risk exposure and understand where you're most vulnerable.

  • Create contingency plans that will go into effect if an unforseen incident does occur.

Threatening Your Regulatory Compliance

Maintaining compliance in your supply network is crucial to your brand reputation.
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By managing risk in your supply chain, you can:

  • Lower your risk exposure by selecting partners that are compliant to industry regulations and standards.

  • Get alerts if something happens within your supply network that's going to reflect poorly on your company.

  • Leverage action plans that identify exactly what steps to take in the case of a compliance crisis originating in the supply chain.

Causing Unnecessary Financial Losses

Weaknesses in your supply chain are a quick way to lose hundreds of thousands of dollars.
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By managing risk in your supply chain, you can:

  • Get predictive insights warning you of potential supply chain disruptions that will cause financial losses.

  • Take quick action when an incident occurs so that you can mitigate the financial effects of a risk event.

  • Enact action plans that could help you save hundreds of thousands of dollars.

Customers all over the world are relying on riskmethods

Quote
"When our supplier was hit by a fire, riskmethods alerted us 30 hours before the supplier did. Because we acted fast to find an alternative source before market prices increased, we realized a purchasing advantage worth $300k."
André Hahn, Product Manager, Central Purchasing, Stockmeier Group

See How Supply Chain Risk Maps to Risk Management

Identify, assess, mitigate. Learn how supply chain risk is incorporated into each phase of the risk management lifecycle.
Fill out form to download whitepaper

About riskmethods

riskmethods was born because its founders had a mission: to create a world of reliable supply networks. Rolf Zimmer and Heiko Schwarz launched riskmethods in 2013, when they saw that companies everywhere needed a way to navigate risk in a more effective way. Now riskmethods is a market leader in supply chain risk management, helping beloved brands and working with well-known partners to create reliable supply networks around the globe.