Dive into the critical world of supplier risk management in this enlightening episode of Supply Chain Deepdive, titled "Strengthening the Links: Innovating Supplier Risk Management." Hosts Michael Jung and Jess Williams dissect the latest insights from Prewave and ProcureTech. This discussion explores the vulnerabilities plaguing modern supply chains and underscores the essential role of effective risk management in ensuring stable value delivery. The episode delves into advanced risk management strategies employed by global leaders, examining their strengths and pinpointing areas for improvement across various risk domains such as geopolitical instability, natural disasters, and cyber threats. The hosts discuss real-world impacts of supply chain disruptions, including financial and reputational consequences, and explore how proactive, technology-enabled approaches can enhance resilience. This comprehensive analysis offers listeners actionable insights into fortifying their supply chains against an array of potential risks.
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