RISK MANAGEMENT IS CRITICAL TO PROTECT SUPPLY CHAINS WITHIN A FINANCIALLY SENSITIVE ECONOMIC CLIMATE…
Event: 6th Jan 2009 – by Raz Chaudary
According to a recent article, David Simchi-Levi, a professor of engineering systems at the Massachusetts Institute of Technology, there are several broad strategies shippers can take, including greater flexibility, redundancy, risk pooling and strong network planning. He believes all of these have to balanced off to achieve a cost effective strategy to minimise risk.