The problem
Dependence on single suppliers or regions exposes firms to disruptions.
The opportunity: Supplier diversification and risk register
Who it helps
- Manufacturers
- Food producers
- Retailers
- Builders
What the research says
McKinsey Global Institute
Risk, resilience, and rebalancing in global value chains (2020)
This opportunity follows directly from the theme of the report.
Search for the report(opens in a new tab)We have not yet verified a direct link to this report, so this opens a web search for its title.
The solution
A simple supplier risk map with backups and contingency actions.
How it is implemented
- 01List suppliers and spend
- 02Score risks
- 03Identify alternates
- 04Agree contingencies
- 05Review twice yearly
What it needs
- Supplier data
- Risk template
- Procurement time
Want this implemented in your business?
No self-serve tool yet. We can scope and build it for your business on request.
Source details are being verified; please check the original publication.
All summaries are written by Trovecrest in our own words. Nothing is copied from the reports, and no figures are reproduced.
Trovecrest is independent and not affiliated with or endorsed by the firms whose research is referenced.
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