Lessons Learned from the Recession: Supply Risk

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This paper delves into the top 10 lessons learned from the recession about supply risk. They are:

  1. Supply risk is not going away just because the economy is getting better.
  2. Learn to operate in the New Normal.
  3. The old way of managing risk won’t cut it anymore.
  4. Agility and information are the keys to success in the New Normal.
  5. Suppliers in all industries and geographies are in a very different position than they were just two years ago.
  6. There are multiple risks that need to be managed.
  7. Successfully tackling risk requires a structured and sustained approach.
  8. No silver bullet exists to “solve” supply risk.
  9. The value to be gained from tackling risk is substantial and comes in multiple forms.
  10. Multiple other functions need to be engaged early and often.

To learn more about each lesson, download this still-timely paper.

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