Risk Assessment in Supply Chain

Risk assessment in supply chains involves identifying potential threats that could disrupt the flow of goods and services. This includes evaluating risks from suppliers, transportation, natural disasters, geopolitical issues, and market fluctuations. By analyzing these risks, businesses can develop strategies to mitigate them, ensuring product availability and minimizing losses. Effective risk assessment helps companies remain resilient, adapt to challenges, and maintain operational continuity, ultimately safeguarding their reputation and profitability. It's a proactive approach to navigating the complexities of modern supply chains.