“An effective supply chain security risk management programme enhances organisational resiliency and protects shareholder value.”
Where do the risks lie?
Supply chains risks should be considered across the following areas:
Operations, the production environment and processes to ensure goods are produced of a sufficient quality, volume and integrity to be economical.
Supply & Distribution, the logistical activities that ensure goods move through the physical supply chain to reach the end-users.
Demand Management, the agility and scalability of both operations and supply activities to meet demand surges without undermining the supply chain architecture.
Knowing the construct of your supply chain, enables you to gain a view of your security risk exposure.
Supply Chain Security Risk Management
Security can be introduced across all of these areas, in the form of traditional physical security controls, cyber security, third party vendor and third-party logistics security management, and the alignment/ compliance with international standards and regulations such as ISO28000/ 14001/ 45001/ 27001, Authorised Economic Operator (AEO-S), Customs-Trade Partnership Against Terrorism (CTPAT) etc.