This is not a typical risk event. The scale of the impact eclipses anything most supply chain leaders will have anticipated. The speed of the escalation requires continuous end-to-end assessment, optimization and monitoring. Companies need to respond rapidly and confidently to shape and execute a short-term tactical plan that will mitigate the risks to human health and protect the functioning of global supply chains. In doing so, strong data and analytics capabilities are crucial in understanding complexity, anticipating potential disruption, and quickly developing a response.
- Within 72 hours: Assess current operations and outline initial recommendations
- Within 1 week: Establish command center and begin rapid response deployment
- Within 2 weeks: Rapidly adjust operations and continue response cycle
- Within 4 weeks: Establish an ongoing operating capability
A continuous cycle of risk mobilizing, sensing, analysis, configuration, and operation will help to optimize results and mitigate risks: