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Risk in Context Podcast: Enhancing supply chain visibility to navigate evolving risks

In this episode our hosts explore the various risks that can impact supply chains, discuss the visibility challenges hindering organizations’ ability to identify hidden risks, and share actionable strategies that senior leaders should consider to mitigate these risks and build more resilient supply chains.

In today’s global risk landscape, supply chains are under increased pressure. Insufficient visibility is hampering organizations’ ability to identify potential issues beyond their immediate suppliers, leaving them vulnerable to hidden risks and disruptions that can ripple through their networks, ultimately affecting overall operational efficiency and revenues.

To effectively navigate these potentially crippling challenges, organizations must take proactive measures, leveraging advanced technologies for insights that enhance visibility and uncover pressure points that exist beyond immediate suppliers.

In this episode of Risk in Context, John Davies, Commercial Director for Marsh McLennan’s Sentrisk, speaks with James Crask, Global Head of Multinational Clients within Marsh Advisory, Lisa Caldwell, Marsh's Manufacturing and Automotive Industry Leader for the US, and Charlotte van Bouwel, Advisory Leader for Marine, Cargo, and Logistics in Continental Europe. They explore the various risks that can impact supply chains, discuss the visibility challenges hindering organizations’ ability to identify hidden risks, and share actionable strategies that senior leaders should consider to mitigate these risks and build more resilient supply chains.

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Key takeaways

Adopt a phased approach to mitigate risks

The sheer amount of pressure points uncovered in supply chains can be daunting, requiring senior leaders to take a phased approach to mitigate these challenges by identifying critical vulnerabilities that require immediate action.

Take an enterprise-wide approach

Building a resilient supply chain necessitates an enterprise-wide perspective that enables organizations to balance trade-offs across various functions and effectively manage risks that may impact different parts of the value chain.

Implement effective governance structures

Enhanced visibility will uncover previously unidentified challenges, requiring organizations to establish robust governance frameworks and processes that facilitate agile decision-making in response to newly uncovered risks.

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