Supply Chain Risk Assessment

Supply Chain Risk Assessment is the process of identifying and evaluating potential problems that could disrupt the flow of goods and materials from suppliers to customers. It involves analyzing factors like supplier reliability, natural disasters, political issues, or transportation disruptions. The goal is to understand vulnerabilities, prioritize risks, and develop strategies to minimize their impact. This proactive approach helps organizations ensure business continuity, maintain customer satisfaction, and avoid financial losses by being prepared for unforeseen events in the supply chain.