A recent survey revealed that nearly 75% of brand owners worry their supply chain risk management and mitigation efforts aren’t enough. Most companies don’t know enough about existing and emerging risks while underestimating the threats they pose.
Identifying, managing, and applying risk assessment outcomes is increasingly complicated. A far-flung global supply chain saddled with non-integrated or non-standardized data management systems and more than a few bad actors make it hard to avoid risk.
Prioritizing risk is essential for effective supply chain and safety management. It’s also an integral part of food safety management systems to comply with the Global Food Safety Initiative (GFSI) and the U.S. Food Safety Modernization Act (FSMA).
But barriers prevent accurate and complete risk assessments — namely, risk intelligence, personnel, and technology.
Supply chain risks hinge on several factors, but mostly:
Find out how TraceGains can help your company mitigate risk by downloading this valuable eBook.
What you’ll learn in this eBook: