Supply chains continue to increase in complexity as they are leveraged to drive greater value through increased output at lower costs. As supply chains become more intricate, the ability to analyze risk simultaneously becomes more difficult and more important.
“With great risk comes great reward”, said Thomas Jefferson. What he failed to mention was that great risk also brings the potential for great loss — just ask any hedge fund or investment manager. Risk is not something only investment firms have to acknowledge. Every company, especially manufacturing companies with large supply chains, have the challenge of managing risk.