Risk managers' increased involvement with supply chain risks has benefited their companies in a number of ways, including:
-- More effective insurance spend and risk portfolio balancing due to enhanced understanding of changing supply chain conditions
-- Lower legal liabilities
-- Enhanced business continuity and trade disruption management
-- More cost predictability for the enterprise
-- Improved oversight of suppliers (and suppliers' suppliers), logistics partners and contractors
-- Improved ability to respond to customer queries concerning the company's business continuity and other plans
-- Faster recovery time and better adherence to corporate guidelines when disruptive events occur
(Find the complete Marsh supply chain survey report here.)
April 15, 2008
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