From the coronavirus crisis to REvil ransomware attacks to the Suez Canal blockage, the volume of supply chain disruptions continues to grow, and businesses have their hands full with mitigating risk on multiple fronts. Jennifer Bisceglie, founder and CEO of Interos, said the damaging results of these events tendt o share one thing: “It’s a perfect storm coming together of physical, digital, human and natural disasters and mistakes,” Bisceglie told PYMNTS in a recent interview. “The common denominator for all of this is the utter lack of visibility. “As organizations prioritize supply chain risk mitigation and supplier management, firms are taking a more strategic look at how to minimize disruption. But there are some missteps that companies continue to make, Bisceglie noted, and as companies begin to hold their suppliers more accountable for their supply chain stability, they must also hold themselves to those high standards too, she said.
Supply Chain Risk Management Capabilities Center