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Rethinking Supply Chain Risk Management Strategies

Jaclyn Jaeger | February 22, 2012

March 11 marks the one-year anniversary of the Japan earthquake and tsunami—foremost a terrible loss of human life, and also a painful demonstration of supply chain risks in a globalized world.

One year after those events, risk-management efforts are still trying to catch up.

Many businesses probably aren't as prepared for supply chain disruptions as they should be, experts say. “Overall, most companies don't have a strategy for managing supply-chain risks,” says Jerry O'Dwyer, leader of the sourcing and procurement practice for Deloitte.

Supply chain disruptions—defective products, price volatility, political instability, bankruptcy; take your pick—happen to most companies on a regular basis, O'Dwyer says. They are especially prone at large companies managing thousands of complex global supply chains, because historically, business units and suppliers...

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