How Retailers Can Navigate Foreign Supplier Risks
Retailers rely on suppliers worldwide for the products they sell, so global supply chain risk management has become critical. According to a study by Zurich, causes of supply chain failures include unplanned information technology and telecommunications outages, cyber-attacks, adverse weather, product quality incidents, and lack of credit.
Foreign supply chains can be further complicated by diverging environmental and safety standards, limited resources for smaller suppliers, and broader geopolitical issues.
In “How Retailers Can Navigate Foreign Supplier Risks,” we discuss four ways retailers can manage foreign supplier risks:
- Know your suppliers.
- Identify potential points of failure.
- Monitor your inventory.
- Transfer the risk.
For full details on how to protect your global supply chain, read or download “How Retailers Can Navigate Foreign Supplier Risks.”