3 Top Tips for Mitigating Outsourcing Risk
Manufacturers say they worry about supply chain risk, but often there’s a gap between the level of concern and on-the-ground planning.
For example, Travelers 2015 Business Risk Index found that nearly half (47%) of manufacturers worried about supply chain risks. In fact, at least half were concerned that they might not be able to get materials from suppliers (51%) or might be unable to get products to customers or end users (50%). At the same time, less than a third (32%) reported that they had developed an incident response plan.