Are you ready to transform your organization's approach to supply chain and people risk management? Marsh's exclusive compendium offers expert insights and strategies to help you make decisions with confidence and stay ahead of emerging risks.
Use the compendium to discover how to:
The compendium provides instant access to illuminating thought leadership pieces — designed to help you gain and maintain a competitive advantage. See some highlights below and read the PDF to take a deeper dive.
For businesses the world over, relying on a complex global supply chain can unwittingly be sailing close to an iceberg. Icebergs are a known source of risk and uncertainty, but it can seem impossible to fully understand or map them. Now, the confluence of data availability and technical capabilities is changing the supply chain risk management game. And learning the new rules can open up extraordinary opportunities. (Read more)
Rapid advances in technology, including AI, have enabled companies to produce detailed maps of the precise origins of their materials and components. We’ve been working with clients to help them piece together the many links in their supply chain, which have previously been completely invisible to them. And with this mapping complete, organizations have then been able to quantify their risk exposures from climate change, geopolitical risks and other threats and move towards being more proactive in responding to risks before they materialize as a disruption. (Read more)
Streamlining organizational complexity and creating clearer definitions of risk will support areas such as health, wellbeing, and safety, as well as address governance issues. From a people perspective, investing in appropriate skilled resources is a priority, but this needs to be a redesign of work, not just bringing in skills, in order to build a sustainable and resilient people model. A clearer focus on senior leadership vision, strategy and/or engagement is also vital, especially in relation to technological change and disruption. (Read more)
Every day, many supply management teams are contending with resource shortages, supplier lead time changes, and new difficulties like the semiconductor crisis and overseas transport issues. The situation leaves them in constant firefighting mode, while also facing increased raw material stock levels. To reconcile the competing needs for inventory reduction and production stability, manufacturers have launched initiatives to move from a reactive "missing parts chasing" approach to a proactive coverage monitoring strategy. (Read more)
Some organizations are adapting to climate change by boosting their inventory to buffer against shocks, while also working to alter the layouts of their networks to address vulnerabilities. Changes to global supply chain structures, however, are still in the early stages.
For risk management professionals, risk quantification and scenario analyses need to happen cross-business and between teams, as they frame the conversation in shared terms. This is particularly important with regards to large-scale disruptions, where there may not be one sole response to an event and the impacts could be enterprise-wide. (Read more)