SOURCE: PricewaterhouseCoopers LLP
PwC, MIT Forum for Supply Chain Innovation release risk report
The MIT Forum for Supply Chain Innovation has released a report in collaboration with PwC titled, “Making the right risk decisions to strengthen operations performance,” based on the results of its 2013 Global Supply Chain and Risk Management Survey. The findings validate five key principles that companies can use to better manage risks to their supply chains and prepare for future opportunities.
A total of 209 companies with global operations completed the survey. As global organizations, they are exposed to high-risk scenarios ranging from controllable risks — such as raw material price fluctuations, currency fluctuation, market changes and fuel price volatility — to uncontrollable ones, such as natural disasters.