Supply Chain Risk
Introduction
Phase I Report
The report identifies the most significant threats to supply chains and highlights their key vulnerabilities.
Phase II Report
The report calls for steps to help integrate resilience thinking into supply chain management in order to effectively manage impacts of risks and system vulnerabilities.
Supply chains are backbones of the global economy. Their complexity and critical role have businesses and governments increasingly concerned about managing major disruptions. This calls for a better strategy around resilience to build agile, transparent and diversified systems. The Forum’s report ‘Building Supply Chain Resilience’ being published in collaboration with Accenture offers a blueprint for resilience through public private partnerships, policy, strategy and IT and calls for an institution to implement it.
Systemic risks have global geographic scope, cross-industry relevance, uncertainty as to how and when they will occur, and high levels of economic and/or social impact requiring a multi stakeholder response. These risks are also magnified by the way supply chain systems are configured; and cannot be mitigated by individual actors. Risk management must be an explicit but integral part of supply chain governance. To achieve this, several steps are recommended:
Institutionalize a multistakeholder supply chain risk assessment process rooted in a broad-based and neutral international body
Mobilize international standards bodies to further develop, harmonize and encourage the adoption of resilience standards
Incentivize organizations to follow agile, adaptable strategies to improve common resilience
Expand the use of data sharing platforms for risk identification and responses
Framework for Resilience
Global Supply Chain Resilience
These insights were written by Safwan Masri, Vice-President, Global Centers, Columbia University, USA.SynopsisThe session discussed challenges involved in building resilience in a supply chain, the risks and vulnerabilities in a supply chain, the increasing interdependencies and factors that complicate a supply chain, and the costs – at the macro and micro levels – associated with a breakdown in a supply chain.There was general agreement among the panellists that making a supply chain truly resilient might be an impossible goal given the indigenous as well as exogenous factors that contribute...
Post date:
January 24, 2013
Enabling Trade: Valuing Growth Opportunities
“Enabling Trade: Valuing Growth Opportunities” finds that reducing supply chain barriers can increase global GDP up to 6 times more than removing all import tariffs. Such large increases in GDP would be associated with positive effects on unemployment, potentially adding millions of jobs to the global workforce. The report builds on eighteen industry case examples, spanning multiple industries and regions, to understand on-the-ground implications of supply chain barriers and the policy implications resulting. Companies must recognize and manage supply chain costs, and governments should...
Post date:
January 14, 2013
Building Resilience in Supply Chains
Supply chains are backbones of the global economy. Their complexity and critical role have businesses and governments increasingly concerned about managing major disruptions. This calls for a better strategy around resilience to build agile, transparent and diversified systems. The Forum’s report ‘Building Supply Chain Resilience’ being published in collaboration with Accenture offers a blueprint for resilience through public private partnerships, policy, strategy and IT and calls for an institution to implement it.Read the reportRead the executive summary
Post date:
January 11, 2013
Global Risks 2013 - Eighth Edition
The Global Risks Report 2013 analyses 50 global risks in terms of impact, likelihood and interconnections, based on a survey of over 1000 experts from industry, government and academia. This year’s findings show that the world is more at risk as persistent economic weakness saps our ability to tackle environmental challenges. The report highlights wealth gaps (severe income disparity) followed by unsustainable government debt (chronic fiscal imbalances) as the top two most prevalent global risks. Following a year scarred by extreme weather, from Hurricane Sandy to flooding in...
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January 7, 2013
Partnering for Cyber Resilience (PCR)
The ability to provide a trusted environment for individuals and business to interact online is a critical enabler for innovation and growth. Digital transformation makes the protection and resilience of our shared digital environment a critical enabler for the economic growth of companies and countries.In recognition of this, and in response to the growing threats and risks in a digitally interconnected world, over 70 companies and government bodies across 15 sectors and 25 countries have joined forces to create the Partnering for Cyber Resilience initiative. Together, the leaders of these...
Post date:
January 20, 2012
Risk Response Network
Kevin Steinberg, COO, World Economic Forum USA, presents the Forum's new initiative to understand, mitigate and respond to risk.
Post date:
December 16, 2010
Industry Risks
In an interdependent, fast-moving world, organizations are increasingly confronted by risks that are complex in nature and global in consequence. Such risks can be difficult to anticipate and respond to, even for the most seasoned business leaders.The World Economic Forum’s Risk Response Network provides leaders from the private and public sectors with an independent platform to map, monitor and mitigate global risks.Its annual Global Risks Report analyses the perceived impact and likelihood of 50 prevalent global risks over a ten year time horizon. The 50 global risks are divided into five...
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November 9, 2010
Regional & Country Risks
In an interdependent, fast-moving world, organizations are increasingly confronted by risks that are complex in nature and global in consequence. Such risks can be difficult to anticipate and respond to, even for the most seasoned business leaders.The World Economic Forum’s Risk Response Network provides leaders from the private and public sectors with an independent platform to map, monitor and mitigate global risks.Its annual Global Risks Report analyses the perceived impact and likelihood of 50 prevalent global risks over a ten year time horizon. The 50 global risks are divided...
Post date:
November 5, 2010
Partnering Against Corruption Initiative
Join the leading global business voice on anti-corruption Anti-corruption - a strategic imperative for every CEOPACI - the leading global business voice on anti-corruptionPACI – bringing together cross-industry communitiesThe PACI Board, 2013PACI sectors and industriesPACI is active around the worldPACI is making a tangible impact in the fight against corruptionMore about PACIAnti-corruption - a strategic imperative for every CEOCorruption is identified as the top impediment to conducting business in 22 out of 144 economies, as measured in the World Economic Forum's Global...
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October 26, 2010
International Trade
“Enabling Trade: Valuing Growth Opportunities” finds that reducing supply chain barriers can increase global GDP up to 6 times more than removing all import tariffs. Such large increases in GDP would be associated with positive effects on unemployment, potentially adding millions of jobs to the global workforce. The report builds on eighteen industry case examples, spanning multiple industries and regions, to understand on-the-ground implications of supply chain barriers and the policy implications resulting. Companies must recognize and manage supply chain costs, and governments should...
Post date:
October 23, 2010
