Mitigating supply chain risk has become increasingly important. A recent CAPS report shows that the percentage of firms with mitigation strategies in place for financial and compliance risks is the highest with geopolitical risk strategies being the least utilized.

An executive overview of recent research about Supply Risk Assessments, Governance and Mitigation Study.

This blog looks at supplier risk assessment, governance, and mitigation planning as a strategic, dynamic, and evolving phenomenon. 

According to the CAPS MoSM report, only 1.4% of the total headcount across all industries are supply management employees. The overall percentage is the same as last year’s report, although there were some slight shifts within each industry.

Read about: Updated CAPS Dashboard, New Research, Managing Sourceable Spend, Services PMI

A recent CAPS report reveals that most companies are not monitoring common supply chain risks with Tier 2 suppliers and virtually none are monitoring Tier 3 supplier risks.

An executive overview of recent research about x-shoring and the rebalancing of global supply chains.

This blog addresses questions surrounding the restructuring of supply chains, emphasizing the evolving relevance of traditional drivers and the complexities of planning and executing X-shoring initiatives.

Read about: ESG investing influenced by civil regulations, Category Spend management research, Overseas sourcing and business case considerations, Using AI for Asset Tracking, and Resilient US supply chains.

Tactical buying remains the biggest focus for supply management headcount, claiming 31% of resources. Strategic sourcing has the potential to produce greater value, but these resources are a smaller portion of the team mix. 

Read about: The CAPS Executive Summit, Supplier Insurance, MRO, Procurement tools, Imports, Innovation case study

Many bases were covered at the CAPS Executive Summit in October, including all aspects of supply management, particularly when conveying the function’s indispensability to company executives and other stakeholders.