Changing World Requires Risk Management Focus

As Hailey Lynne McKeefry writes for EBN, changing weather conditions, labor disputes, and economic growth shifts are all working in tandem to raise the profile of risk management among supply chain professionals. Building a business case around risk can be tricky though, as it may not provide an immediately obvious ROI. In order to get past this, assess how much it would cost to overcome a disruption and determine what daily revenue would be lost. At present, IT, cost/pricing factors, and the global economy are seen as the greatest drivers of risk. To read more about how to sell the importance of risk management to the business, you can view the full article here: http://www.ebnonline.com/author.asp?section_id=3219&doc_id=275815

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