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Supply Chain Risk – Identification, Measurement and Mitigation
December 12, 2017 @ 8:00 am - 5:00 pm
The 2016 Business Continuity Institute Supply Chain Resilience Report reported that a third of organisations incurred cumulative losses in excess of £1m during the previous year and that 22% of businesses surveyed experienced up to 11 disruptions in a year. A report published by the World Economic Forum indicated that company value was reduced by 7% as a result of supply chain disruption.
The changing business, economic and political environment has created a number of new risks for organisations, which in turn demands greater awareness of supply chain exposures. This has led to a need for improved management of risk awareness and risk transfer as a viable means of business protection.
Events such as the 2011 earthquakes and tsunami in Japan and the flooding in Thailand highlighted the global impact of such a catastrophic event, notably on companies’ global supply chains. Although the majority of businesses outside of these regions have not suffered direct physical damage, some have incurred considerable uninsured business interruption and extra expense losses due to disruptions in their supply chains. These disruptions could have been covered with adequate supply chain insurance programmes.
Political events such as Brexit, the arrival of Donald Trump in the White House and rising tensions around North Korea also represent additional potential threats to businesses and their global supply chain.
This conference will seek to address the required approach to improved Supply Chain risk management for corporates.
The event is free for risk and insurance managers and BCI members, and £299 for all other delegates.
If you are interested in sponsorship or speaking opportunities please contact firstname.lastname@example.org.
If you are interested in speaking opportunities please contact email@example.com.
If you are interested in sponsorship please contact firstname.lastname@example.org.