Supply Chain Threats/Mitigation

Supply Chain Threats/Mitigation

Supply Chain has faced and will always face risk. Organizations have tried to look for the way they can mitigate from the current emerging threat from cybersecurity. The number of software’s and items from the supplier to an organization has proved to contain a lot of risks , during the chain distribution to the organization (Machado et al., 2018).  operational and information technology depends on well distributed and interconnected supply chain procedures to offer cost-effective and appropriate solutions to organizations. C-SCRM have come to help in assessing identifying and mitigating the risks involved in the distribution channels and tends to cover the whole process of system development life cycle.

For organizations to mitigate the risks in the supply chain, they need to asses thing both from its internal and external factors that tend to get involved in the supply chain. Through assessment, the business analyzes the impacts that could occur. Thus, analysis enables it to get prepared, be able to predict and understand the effects of any disruption. Additionally, the business monitors and assesses its current suppliers; this makes it possible to understand the market through the supply chain where it suitably mitigates from risks found. Furthermore, to minimize the supply chain risks,  the company should reduce concentrating on one line of supply. This will enable it never to lack supplier in case one of the chains gets to face a threat.

Additionally, the business needs to work with its suppliers since useful corroboration and communication enable individuals to exchange ideas where they can find risk in the chain and mitigate them. Besides that, it’s essential for the business to continually be addressing cyber threats in the supply chain (Yu et al., 2018). Regular monitoring of the supply chain keeps the company ahead of any risks since it can detect them before they cause any harm. Thus,  the company should implement appropriate cybersecurity measures at all the stages of the supply chain since it cannot be sure where an individual risk will come from.

References

Machado, S. M., Paiva, E. L., & da Silva, E. M. (2018). Counterfeiting: addressing mitigation and resilience in supply chains. International Journal of Physical Distribution & Logistics Management.

Yu, K., Cadeaux, J., Luo, N., Qian, C., & Chen, Z. (2018). The role of the consistency between objective and perceived environmental uncertainty in supply chain risk management. Industrial Management & Data Systems.