SupplyChainBrain

“We see more advanced companies trying to align around the things of greatest value to the organization, which usually translates into a product line or set of SKUs,” says Gary Lynch, practice leader of global supply chain risk management at Marsh Risk Consulting, New York.

“Suppliers that produce that thing of greatest value are where they really want to focus by looking horizontally across the supply chain and qualifying and quantifying the impact of potential risks,” he says.

“Once you understand the impacts, you can start looking at alternatives for mitigation and at what sort of investment will be required. You end up with a portfolio of solutions against that particular product.”

-- Gary Lynch