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Four steps to build a more transparent and resilient supply chain through risk management

IBM Business Resiliency

Monitor your supply chain and actively plan for future disruption. From suppliers and production flows to transactions and operations, look at the details of each interconnected relationship and segment of your supply chain to learn where your vulnerabilities and bottlenecks lie. No supply chain is without risk.

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What Is Risk Management?

LogisManager

However, risk management is an umbrella term that accounts for a number of more granular activities. Let’s examine risk management as the sum of the following parts: Enterprise Risk Management (ERM) : Effectively assessing , mitigating and monitoring activities as you uncover critical risks across your entire enterprise.

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Looking Around the Corner: Why ESG Has Never Been More Important

LogisManager

Much like the economic crash that took place 14 years ago, the COVID-19 pandemic shot up a flare that illuminated new risks and opportunities on the ground. I spoke earlier about how the pandemic has acted like a flare; it’s highlighted new risks and opportunities all around us.

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3 Steps to Prepare for 2024 and Beyond with the Risk Maturity Model

LogisManager

By benchmarking your ERM program's effectiveness using the RMM, you can provide an objective assessment of where your organization stands compared to peer industries. In a more recent example, during the peak of the pandemic crisis, banks had the opportunity to offer PPP loans but had to manage the associated risks.

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3 Steps to Prepare for 2024 and Beyond with the Risk Maturity Model

LogisManager

By benchmarking your ERM program's effectiveness using the RMM, you can provide an objective assessment of where your organization stands compared to peer industries. In a more recent example, during the peak of the pandemic crisis, banks had the opportunity to offer PPP loans but had to manage the associated risks.