"Don't Take Our Interconnected World for Granted" Warns Chartered Institute of Procurement & Supply as Global Supply Chain Risk Remains High
- CIPS Risk Index, powered by
- Re-introduction of border controls in
- Middle Eastern supply chains move to sea freight as regional conflicts continue
- The end of sanctions on
Global supply chain risk remains stubbornly high in the Q3 2015
Contribution to global supply chain risk in Q3 2015
Return of internal EU borders hinders trade
The borderless vision for
MENA supply chains move from land to sea
Supply chain risk in the
The end of sanctions opens up new opportunities
New supply routes are opening up through
The end of sanctions against
The easing of relations between
"Supply chain risks have often felt remote and barely visible to even the most trained eye. In today's environment, risks affecting supply chains feature daily on our television screens. The European migrant crisis and conflicts in the
"For a long time we have taken for granted our interconnected world, enjoying its benefits for the most part. We are currently seeing the flip side of the coin. Supply chain managers will need their wits and skills about them if these uncertain times are to be navigated expertly.
"Dealing with global supply chain risk requires extensive skills. An ability to interrogate and innovate to provide solutions for businesses and customers will be paramount if we are to keep global supply chains flowing."
"Although global operational risk remains high, the index for Q3 actually indicated a slight reduction, which was contrary to the wider consensus. We believe the widely reported negative news around the economy has overshadowed the more promising developments in
* Calculations for the CIPS Risk Index is composed of multiple unique assessments undertaken by
To read the full report, please visit: http://bit.ly/CIPS-reportQ315.
Notes to Editors:
About the CIPS Risk Index:
The CIPS Risk Index is a composite indicator of pressures acting upon supply chains globally. The Index analyses the socio-economic, physical trade and business continuity factors contributing to supply chain risk across the world, weighting each score according to that country's contribution to global exports.
The Index helps sourcing professionals understand the risks to which to their supply chains are exposed, articulate questions and scenarios for key suppliers, inform assurance activities, check the readiness of contingency plans, support the negotiation of risk transfer in contracts, and establish factors which may impact the financial stability of tier one and sub-tier suppliers upstream. Regular production of this Index will help procurement and supply professionals communicate and justify risk-informed sourcing decisions and support effective Supplier Relationship Management.
Source: Dun &
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