In a recent report from CEB – Risk Integration Strategy Council, an updated supply chain risk matrix was examined. With the usual concerns still present, some surprising factors rising to the top may be signaling a positive shift for business.
As we all know, economic pressures continue to remain the most immediate concern for most companies. However, CEB has identified talent risk and competitive pressures to be among the highest and most probable impact areas to be addressed by year’s end. This may be yet another signal for companies to begin to plan for a business growth environment. Are you ready?
To respond to the competition in a market recovery, businesses will need to reevaluate both internal and external resources. Some key questions for your supply chain in a rebounding economy:
• What changes resulting from the market shifts could result in major disruptions or potential business opportunities if managed effectively?
• Are the business value drivers of key suppliers and customers aligned with the direction of the company to exploit a business growth environment?
• Are current and future business risks accentuated or mitigated by the current supply chain relationships?
As we approach a point of rebound from these uncertain economic times, the business world stands at the crossroads. While some organizations are taking a reactive approach, waiting to see how the market responds before taking business sustainability action, our professional consulting finds leading-edge organizations taking the opportunity to rework traditional business practices to transform recovery risk into business opportunity.