Global supply chains have experienced an unprecedented range of disruptions in recent years, severely impacting the ability of companies to source, produce and distribute products and services. Strategic thinking has evolved from "supply chain as a limited function" to one of a "whole-of-company" approach to the supply chain value proposition. Expansion of the supply chain value proposition and the burgeoning risks associated with it have shifted the focus from ever-greater efficiencies to managing and mitigating supply chain risk and building resiliency.
How FTI Consulting Can Help
FTI Consulting partners with you to assess your current supply chain risks, quickly uncover the root causes and develop a roadmap to improve your risk profile. Our supply chain risk assessment methodology is based on elements from the Supply Chain Operational Reference (SCOR) model and other relevant standards and processes, and expertise from within FTI Consulting's practices.
FTI Consulting's robust and flexible risk identification methodology reviews the end-to-end supply chain and assesses risk across a variety of areas, including:
- Geo-political factors affecting end-to-end supply chains
- Environmental disasters and public health crises
- ESG and risk management/metrics associated with corporate and supply chain operations
- Constantly evolving regulatory landscape
- Worldwide shortages of materials and components
- Labor unrest and compliance with labor and factory work standards
- Dysfunctional and/or disconnected supplier ecosystem
- Suppliers unable to deliver as promised
- Product life cycle processes and management
- Unreliable, unpredictable customer returns of unserviceable parts and components
- Blocked or constrained transportation channels
- Lack of transparency into all tiers of supply chain (custody verification)
- Unplanned disruptions to information-technology systems
- Vulnerability of supply chain to cyber intrusion and compromise of confidential information
