Supply chain risk management predictions 2016

Last week I had the opportunity to chat with Spend Matters about the biggest challenges for procurement and the supply chain predictions 2016. In my opinion, procurement and supply chain manager have to tackle with three main issues this year: External risk, Globalization, Regulations & standards

 

Supply chain predictions 2016

Supply chain predictions 2016

 

My Supply Chain Predictions 2016

External risk

2015 has seen record-breaking heat, cold, precipitation, and drought. Extreme weather such as rain or snow storms will expose and disrupt supply chains even more than in the past. Political risks have been a growing trend for years and will continue in 2016 as well.

Globalization

Globalization is also pushing enterprises to search for new suppliers in countries or regions they probably have not worked in before. … Say “Good-bye” to “Made in China”… This globalization push and movement to new areas will put increase supply chain complexities in 2016.

Regulations & standards

Supply chain risk management is now an absolute necessity to ensure regulations, standards and compliance. We have seen this already, for instance, with the influence of the Dodd-Frank Act or the recent update of ISO 9001:2015 which pushes organizations to proactively measure and monitor their supply base.

Please read the full article by Spend Matters here.

What are your thoughts about it? I’m looking forward to your comments.

Heiko Schwarz is the Founder and Managing Director of riskmethods, responsible for Sales, Marketing and Business Development. Heiko has been working in the software business for 16 years, with 13 years in different areas of the strategic purchasing market. He has excellent knowledge in procurement, supply management and risk management and has been successfully helping supply chain and procurement organizations implement solutions to increase performance, reduce costs and minimize risks.

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