Supply chain risk management identifies critical products, suppliers and routes, scores probability and impact, and creates alternative sources and response plans.
Main risk categories
Single sourcing, financial weakness, quality failures, capacity constraints, long lead times, logistics disruption, currency volatility and regulatory change are core risks.
How to assess risk
Score probability, commercial impact, detection speed and substitution difficulty. Critical items require backup suppliers and inventory plans.
How to build resilience
Use second sources, performance monitoring, contractual safeguards, safety stock and early-warning indicators together.