Supply chain risk management is a complicated subject because the number of things potentially affecting operations is almost limitless. As risk management professionals know, there is simply no way a company can plan for every contingency. There is an old saying that goes, “May you live in interesting times.” It’s fair to say we do live in interesting times. For example, a decade ago you would have called me crazy had I predicted in 2017 the U.S. and Europe would create global economic confusion and China’s president would stand before the World Economic Forum as a champion of free trade.
Supply Chain Risk Management in the 21st Century