With recent tariff hikes and geopolitical shifts, supply chain risks are more urgent than ever. 63% of businesses reported higher-than-expected supply chain losses despite increased risk management efforts in recent years. This guide explores how proactive enterprise risk management (ERM) can help.
With recent tariff hikes and geopolitical shifts, supply chain risks are more urgent than ever. 63% of businesses reported higher-than-expected supply chain losses despite increased risk management efforts in recent years, according to WTW’s Global Supply Chain Risk Report.
As organizations contend with geopolitical shifts amid inflation, increased raw material shortages, accelerating cybersecurity risks, and regulatory changes, a single supply chain risk can quickly cascade, impacting a company's strategic position, profitability, and public perception. Navigating this complexity requires an understanding of how supply chain risks can drive broader enterprise-wide issues — an area the enterprise risk management (ERM) function is uniquely positioned to help organizations address.
Leveraging ERM to navigate emerging tariffs and supply chain risks explores the distinct challenges of a stressed global market and shows how ERM can enhance efforts in identifying, escalating, and responding to emerging supply chain threats.
Key areas explored in the guide:
- Supply chain risks affected by increased tariffs.
- Why engaging ERM to address supply chain risks is crucial.
- 8 proactive strategies for addressing emerging supply chain risks.
