Apparels Industry has the highest Supply chain risk

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BSI, the business standards company and the Business Continuity Institute (BCI) recently conducted a study to identify the supply chain disruption risks. With global sourcing I guess the supply chain disruption is high for companies with global footprint. Following are some interesting insights on risk exposure by different sectors

One common theme across sectors is heavy reliance on international sourcing based in politically and geologically unstable regions. Having said that, it is imperative that companies in these sectors needs to have very strong supplier risk management practices. Tracking the risk proactively, especially the latest trends and some kind of predictive risk models will go a long way in avoiding supply chain disruption.

 

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