Diversify supply chains to reduce reliance on one country or supplier

Reducing the risk of supply chain disruptions with BusinessRiskTV.com

Reduce supply chain risk. Should one supplier be shutdown for whatever reason your business should be able to continue without interruption. At the very least ensure you have alternative risk control measures to react to normal supply interruptions. The proximate cause of the supply chain disruption could be wide and varied including fire political social unrest natural disaster or even something called coronavirus. Assessing the risks from your supply chain is critical to the resilience of your business. Diversifying supply chain can increase costs but need not automatically follow.

Supply Chain Risk Management
Supply Chain Risk Management Articles Discussion Live On Demand Video Streaming To Help You Manage Risks Better

Enter code #SupplyChainRisk

Reducing the risk of supply chain disruptions

Adapt quickly to changes within the supply chain to minimise the risk of disruptions to your business performance. Scan the horizon to look for future potential for disruption. Analyse the current risks and take appropriate action.

Supply Chain Risk Management BusinessRiskTV
Supply Chain Risk Management BusinessRiskTV

Subscribe to BusinessRiskTV for free supply chain risk management alerts bulletins and reviews to your inbox

Complete and submit the form below and enter code #SupplyChainRisks.

Join our free online supply chain risks group discussion

Collaborate with BusinessRiskTV to grow your business faster with less uncertainty
ASK TO JOIN SUPPLY CHAIN MANAGEMENT DISCUSSIONS NEWS OPINIONS AND REVIEWS

Supplier Diversification In Supply Chains

Critical Key Supply’s Should Be Manufactured In Your Own Country More To Mitigate Breaking Supply Chain To Your Business

EU leaders last month stressed the need for the bloc to have strategic autonomy after the coronavirus crisis.

The European Union and its companies need to diversify their supply chains to reduce their reliance on individual countries but that does not mean bringing all production back to Europe

European Union EU Trade Chief

With the coronavirus pandemic many have now realised that there has been an over reliance on Asia for the supply of key supplies. Austrian EU diplomats think this means more manufacturing and production of key supplies should be brought home. Whilst this does not mean all Asian supplies from Asia should cease it does mean more manufacturing is required in your own country to build supply resilience.

We need to look at how to build resilient supply chains based on diversification acknowledging the simple fact that we will not be able to manufacture everything locally

European Union EU Trade Chief

Dutch trade minister Sigrid Kaag told reporters after the video conference with EU counterparts that there was an awakening to the need to determine the weakest links in value chains. How can you mitigate the overdependence on countries such as China or India when it comes to essential goods.

During the coronavirus pandemic France Germany and USA were just some of the countries who intervened at government level to stop supply of some products including personal protective equipment and medical equipment. When supply comes from outside your own country you are diversifying your supply chain but over reliance on overseas supply can increase risk of supply chain interruption. Arriving at the right balance is key to maintaining good business performance and strong business resilience.

Promote and market your supply chain risk related business on BusinessRiskTV for 12 months

Put your products and services in front of new customers already interested in your type of business offering before your competitors do.

Cheap ways to promote your business
Find out how to promote your business locally and globally/ CLICK HERE for more information.

Link into your existing sales process or use our eCommerce solutions to increase your sales cash flow and profit

Increase the sources of your revenue streams more sustainably. Grow your business faster with BusinessRiskTV.

Supply Chain Risk Consulting

Get help from one of our Supply Chain Risk Consulting Partners to manage your supply chain risks better.

Business Risk Partners
BusinessRiskTV Risk Partners enter code #SupplyChainRiskConsultingQuote
MarketplacesExhibitions
Cost ReductionRisk Magazine
Discover better ways to protect and grow your business with BusinessRiskTV
Global Supply Chain Risk Management During COVID-19 Pandemic
Global Supply Risks And COVID-19 Pandemic Health Risk Management

Opening up the skies is a big part of easing global supply crisis. More holidaymakers increases airfreight opportunities and lowers international trading by air costs. Shortening supply chain, reversing globalisation, can increase speed of change and flexibility in an uncertain world as well as build resilience whilst protecting the environment from supply chain costs.

#BusinessRiskTV #SupplyChainRisks #SupplyChainRiskManagement #SupplyChain #Logistics #SupplyChainManagement #Shipping #Freight #SupplyChainRisk #SupplyChainRiskConsultingQuote

Diversify supply chains to reduce reliance on one country or supplier

Your guide to supply chain risk management

What are the best ways to manage supply chain risks with BusinessRiskTV.com

How Do You Manage Supply Chain Risks

A guide to supply chain risk management for business leaders locally and globally. Take a practical approach to supply chain risk management. Create your own supply chain risk management plan.

Enter code #SupplyChainRiskManagement

Build a supply chain risk management framework based on the culture of your business and industry. Monitor and review your risk assessment process in line with current best supply chain risk management practices. Ensure you comply with current governance risk and compliance GRC rules regulations and standards.

Supply Chain Risk Management

The importance of supply chain risks management and examples of supply chain risk controls

Supply chain risks refer to any potential disruptions or negative impacts on the supply chain that could impact an organisation’s ability to meet customer demand and/or fulfill their own business objectives. These risks can arise from a wide range of factors, such as natural disasters, geopolitical instability, economic volatility, supplier bankruptcy, and cyber threats. The importance of supply chain risk management cannot be overstated as it enables organisations to mitigate or avoid the negative impacts of these risks and maintain business continuity.

Effective supply chain risk management involves identifying potential risks and implementing strategies to minimise or eliminate them. Organisations need to assess the likelihood and impact of different types of supply chain risks and develop contingency plans to respond to disruptions. They also need to establish processes for monitoring their supply chain and identifying potential risks in real-time so that they can take immediate action to minimise their impact.

One of the most significant benefits of supply chain risk management is that it enables organisations to maintain their customer service levels and meet their business objectives. When supply chain disruptions occur, they can result in delays, product shortages, and quality issues that can negatively impact customer satisfaction and brand reputation. By proactively managing supply chain risks, organisations can minimise the likelihood of these disruptions occurring and ensure that they have the necessary resources and contingency plans in place to respond quickly and effectively.

Another benefit of supply chain risk management is that it enables organisations to reduce their overall supply chain costs. When supply chain disruptions occur, they can result in increased costs, such as rush orders, expedited transportation, and additional inventory holding costs. By managing supply chain risks, organisations can minimise these costs and optimise their supply chain operations to improve efficiency and reduce waste.

Here are some key supply chain risks that organisations need to be aware of, along with examples of supply chain risk controls:

Supply Chain RiskExamples of Risk Controls
Supplier bankruptcyDiversifying supplier base, conducting regular financial assessments of suppliers, establishing contingency plans to switch suppliers if necessary
Natural disastersDeveloping contingency plans for alternate transportation routes, stockpiling inventory in multiple locations, establishing communication channels with suppliers and logistics partners
Geopolitical instabilityDiversifying supplier base across different regions, monitoring political and economic developments in key regions, establishing contingency plans for political unrest
Cyber threatsImplementing cybersecurity measures such as firewalls, encryption, and multi-factor authentication, conducting regular cybersecurity audits, establishing incident response plans

In conclusion, supply chain risk management is a critical aspect of modern business operations that can help organisations maintain business continuity, meet customer demand, and optimise their supply chain operations. By identifying potential risks, developing contingency plans, and establishing effective monitoring processes, organisations can minimise the impact of supply chain disruptions and maintain a competitive edge in today’s global marketplace.

Join Supply Chain Risks forum for free alerts bulletins and reviews

Join in the discussion on supply chain risk management to better protect and grow your business.

Collaborate with BusinessRiskTV to grow your business faster with less uncertainty
Join Supply Chain Risks online forum for latest supply chain risk management news opinions and reviews

Promote and market you supply chain associated business on BusinessRiskTV for 12 months

Present your products or services to new buyers already interested in your type of business before your competitors do.

Cheap ways to promote your business
Find out how to promote your business locally and globally

Link into your existing sales process or use our eCommerce solutions to increase your sales cash flow and profit. Increase your revenue streams. Grow your business faster.

Read supply chain management articles and watch videostream trending on BusinessRiskTV

Supply Chain Risk Management
Supply Chain Risk Assessment Coach enter code #SupplyChainRiskAssessmentCoach

#BusinessRiskTV #SupplyChain #SupplyChainsRisks #SupplyChainRiskManagement #SupplyChainManagement #SupplyChainRiskAssessmentCoach

BusinessRiskTV Your guide to supply chain risk management

What to do differently to increase revenue or reduce costs?

Ways to improve income and reduce costs with BusinessRiskTV.com

Ways to improve income and reduce costs. Learn how to reduce cost and increase profit. Develop new cost cutting strategy. Cost savings vs revenue generation. How to reduce cost of production. Use new cost reduction methods. Discover how to reduce cost and increase profit. Learn how to increase revenue. Adopt cost cutting measures in your business.

Are your sales up but profits are down?

BusinessRiskTV

Increase potential new customers online. We can provide new income streams. You deliver your products or services direct to your new customers. Use more cost effective innovative ways to reach new customers that also increase your profit not just your income. Add on a new revenue development strategy with our help and support.

Identify all your business costs and expenses. Use our network of business leaders to find more competitive pricing. Lower your marketing costs with BusinessRiskTV. More carefully manage your business costs to boost profit.

Look for new business opportunities in collaboration with our growing network of business leaders. Put your products or services in front of new potential customers. Develop your business with more profit not just more sales.

Increase your business productivity with BusinessRiskTV. Bolt on our service to your existing sales process to increase revenue without significantly increasing costs. Connect to people who want to be marketed to differently.

Increase the profitability of your business.

BusinessRiskTV

How to reduce costs in the workplace?

Enter code #ImproveIncomeReduceCosts

Unique Ways To Increase Sales
Unique Ways To Increase Sales

Subscribe to BusinessRiskTV for free alerts and bulletins to your email inbox on better ways to grow your business faster with less uncertainty

Enter code #CostReductionMethods

Promote and market your business on BusinessRiskTV for 12 months

Put your products or services in front of new people already with limited budget interested in your type of business offering before your competitors grab your potential sales.

Cheap ways to promote your business
Find out how to promote your business locally and globally

Link into your existing online sales process direct from BusinessRiskTV or use our eCommerce solutions to increase your sales cash flow and profit.

Increase the sources of your revenue streams more sustainably. Grow your business faster with BusinessRiskTV.

Read business management articles and watch videostream trending on BusinessRiskTV

Business Leadership Articles
Business Leadership Articles
MarketplacesExhibitions
Save MoneyRisk Magazine
Discover new ways to protect and grow your business with BusinessRiskTV

#BusinessRiskTV IncreaseRevenue #ReduceCosts #IncreaseProfit #BusinessGrowthStrategy #Marketing #IncreaseRevenue #Innovation #StrategicForesight #StrategicInnovation #OperationalInnovation

BusinessRiskTV What to do differently to increase revenue or reduce costs?

Local Sourcing From Local Suppliers Near Me

Shorten your supply chain with BusinessRiskTV

How can business leaders reduce their supply chain risks and increase business resilience

Changing how you source products may need to change after the coronavirus pandemic.

What Is Our Local Sourcing Service All About

Its about connecting business leaders to local suppliers more easily

Find a local supplier
Local Suppliers Near Me Service

Local Suppliers Near Me

The benefits of local sourcing of business products and services are many and varied from environmental benefits to real cost savings to security of supply lines to flexibility of delivery.

In the UK it is more expensive to import goods and services from overseas due to around a 10 to 20 percent fall in the value of the pound against a basket of foreign currencies in the last 12 months. Where there may have been a substantial price difference between imports and domestic suppliers, this has mostly gone as can be witnessed by the fact that the UK is exporting more now that at any time since 1995.

BusinessRiskTV is championing local UK suppliers

We’re helping to connect UK companies with nearby local suppliers when business leaders source new products and services.

Stand out more from the crowd! Support UK businesses. Help promote local business growth by supporting your local business. Get real added benefit from new local suppliers and support them to help your own business needs.  Help new local suppliers to grow with you for a long-term business relationship.   Develop a more sustainable business model.

Sourcing products from around the world can lead to more cost and more business interruptions and less flexibility in meeting your customer needs.

Develop shorter local supply chains to build your business with more certainty. In a new Brexit world developing more local suppliers will guard against the negative impact of currency fluctuations.

Undertake thorough due diligence to ensure your new local suppliers are not going to increase the risks to your customers. Trust BusinessRiskTV to help you buy local next time.

Learn how to become one of our Local Suppliers by subscribing FREE to BusinessRiskTV

Learn how to become one of our Local Suppliers by subscribing FREE to BusinessRiskTV
Learn how to become one of our Local Suppliers by subscribing FREE to BusinessRiskTV

Enter code LOCAL SUPPLIER SIGN UP

Risk management experts hub
Nearby Risk Management News Analysis Reviews
Reducing the risk of supply chain disruptions with BusinessRiskTV.com

#BusinessRiskTV #LocalSupplies #BuyLocal #SupplyChain #SupplyChainManagement #SupplyChainRiskManagement

AcademyTraining
Cost ReductionRisk Magazine
Discover new ways to protect and grow your business with BusinessRiskTV

Local Sourcing From Local Suppliers Near Me

How To Improve Supply Chain Risks

Understand the importance of supply chain risk management with BusinessRiskTV.com

Manage business threats and opportunities with enterprise risk management ERM principles and practices. Take a practical enterprise risk based approach to supply chain management. Review your top risks in your supply chain.

Subscribe to BusinessRiskTV for free tips and advice alerts and bulletins on how to improve supply chain risks

Enter code #SupplyChainRisks

Assess and mitigate supplier risk

Learn more about improving supply chain risks. Understand supply chain risks and how to mitigate them. Not understanding your supply chain risks increases the risk of business interruption at best and at worst threatens your business survival.

Increasing business partnerships and business outsourcing of non core business functions reduces the expertise to manage some risks and increases the likelihood that an external risk could stop you servicing your clients business needs.

Identify assess and manage supply chains risks better

Improving supply chain risks and supplier performance could easily improve your own business performance and business resilience.

Managing Business Risks Better with C&C Associates : Supply Chain Risks
Subscribe to BusinessRiskTV.com Supply Chain Risk Management enter code #SupplyChain

Learn supply chain risk management tools techniques and processes. Increase supplier’s risk transparency and reduce cost of supplier’s risk. Create a supplier quality improvement plan.

Get access supply chain risk management solutions to make better business decisions.

What supply chain risk factors is your business exposed to?

How do you plan to handle supply chain risks?   Improve your supply chain risk management capabilities.   Get a clear picture of supplier’s risk for you business.   Reduce your vulnerability and increase your resilience.

Supply Chain Risk Management
Supply Chain Risk Management Articles Discussion Live On Demand Video Streaming To Help You Manage Risks Better

Click to here more about Supply Chain Risk Management

MarketplacesExhibitions
DealsRisk Magazine
Supply Chain Risk Management Magazine

#BusinessRiskTV #SupplyChainRisks #SupplyChain #SupplyChainRiskManagement #RiskManagement

BusinessRiskTV How To Improve Supply Chain Risks