Much of supply chain is operating in a period of uncertainty in the face of global tariffs, regulatory complexities, and protectionism.
Closer to home organizations seem always challenged by the abundance of single and sole sourcing, limited visibility, and reactionary risk management strategies.
In today's complex and interconnected global market, procurement leaders must recognize that supply chain risks are not merely challenges to be mitigated, but opportunities to be embraced and strategically managed.
Instead of shying away from presumably risky sourcing relationships, organizations should invest in the management, protection, and nurturing of these critical supplier relationships. By adopting a proactive approach that emphasizes collaboration and resilience, businesses can transform potential vulnerabilities into strengths.
We will discuss the differentiators (risk appetite, resource alignment, governance) that move the organization from a risk reactive position to building proactive strategies in relation to potential tariffs, sourcing risks, global tensions, as well as everyday risks.
What you will take away:
Strategy- Based on organizational objectives and risk appetite; prioritized risk; proactive and reactive techniques
Governance- decision making cross-functional stakeholders; set risk appetite thresholds, supports process
Resources - appropriate to carry out the strategy: people, money, technology, assets
