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Assessment

Ready to tackle supply chain risk? Start with our supplier risk assessment guide

June 27, 2023 / 1 min read

Supply chain disruption is here to stay, but you can keep ahead of potential issues — and identify new opportunities — by regularly assessing your suppliers. Download our supplier risk assessment guide to learn how.

Perhaps a day will come when supply chain disruption is no longer a top industry issue posing risk to your business. But not today — and probably not any day soon. Given the fragility and interconnectedness of the global supply chain, a disruption on the other side of the world carries the potential for catastrophic effects to your operations. That’s why it’s critical you continue managing your supply chain risk management strategies. By doing so, you may even discover opportunities for new suppliers or markets, enabling overall supply chain optimization.

We recommend starting with a risk assessment of your critical suppliers. Monitoring these risks on an ongoing basis will empower you to proactively respond before issues result in major challenges, such as production shutdown, missed customer shipments, and loss of new business opportunities.

To begin, download our supplier risk assessment guide, which functions as a practical, fillable worksheet that outlines how you can:

Risk factors you’ll assess with our guide include:

While you cannot predict the next catastrophic disaster, you can proactively manage what is within your control: your supply chain and supply base risk. Remember to consider supply chain issues in tandem with other organizational changes and industry concerns, as part of a holistic strategy for risk and opportunity management.

Download now

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