The Tricky Game of Risk Management (EBN)

“There is more emphasis in the market on reactive strategies — a little bit of visibility, some business continuity plans. But there is less emphasis on proactive strategies,” noted David Simchi-Levi, an MIT professor and Chairman of Ops Rules. “There are so many sources of risk. I don’t know which one will hit your supply chain, but I know something is going to go wrong. The question is: Is there a way to change the way we think about supply chain and the way we manage the supply chain so that we design strategies to reduce the impact of disruption?”

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