Whitepaper: Find Your Risk Blind Spots

We surveyed more than 250 procurement leaders and uncovered huge blind spots when it comes to a critical element of procurement responsibilities – monitoring risk. This research also revealed that in today’s procurement landscape, many organizations are ill-prepared to mitigate emerging and evolving risks in their global supply chains. Why? Because nearly half of organizations surveyed have no structured assessment of criticality and limited visibility into their supplier performance information.

  • 49% of respondents noted that their organization had no structured assessment of supplier criticality or impact
  • 39% of respondents indicated that they were in the low to moderate range of automation to update critical risk information
  • Only 20% of respondents said they have a structured risk mitigation plan in place.
  • 47% of procurement leaders said they experienced 1­-5 major supply chain disruptions this past year

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About riskmethods

riskmethods empowers businesses with a solution to identify, assess and mitigate supply chain risk. By using artificial intelligence, we help you automate and accelerate threat detection, enabling you to gain competitive advantage with a well-managed approach to meeting customer demands, protecting reputation and reducing total cost of risk.