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Mr.

1.1. Supply Chain Risk

In the Retail and Consumer Products (RCP) industry, it is critical to have an efficient and effective supply chain. Presenting opportunities and risks, the supply chain is one of the last, best areas from which to reduce costs in a company's operations. Beyond that, flexible supply chains enable greater connectivity and collaboration between business partners. Done right, this can improve operational effectiveness, customer service and, ultimately, profitability.

But with greater connectivity comes greater risks. Data and application security are obvious risks, as is the risk of maintaining the availability, accuracy, and integrity of the data that is transferred between partners. Ensuring continuity in the event of business disruptions is another major risk area. Companies also take on financial risk when they invest in supply chain management tools and technologies, and they assume tax risk when they choose where and how to manufacture, distribute, and......


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Approximate Word Count: 2292
Approximate Pages: 10 (250 words per double-spaced page)

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