Managing Risk in the Supply Chain

In 2017 the manufacturing sector in the UK accounted for £186billion of economic output and 44% of all UK exports. Customers, wherever they are in the world, expect seamless service from their suppliers. With the growing complexity of global supply chains, it is becoming more difficult for supply chains to be risk-free and sustainable.

One of the biggest questions being asked by UK businesses today is "What will my supply chain look like when we leave the EU?"

In a survey conducted in February 2019 of over 1,600 UK businesses undertaken by the Chartered Institute of Procurement and Supply (CIPS) the following findings were presented:

32% of UK businesses who use EU suppliers are looking for British replacements.
Nearly half (46%) of European businesses expect to reduce their use of UK suppliers.
36% of UK businesses plan to respond to Brexit by beating down supplier prices.
The UK’s “weak negotiating position” is seen as the biggest hurdle in trade talks.
Risk analysis is high priority – 44% are performing a risk analysis exercise.
The development of an appropriate risk management strategy is key to minimising disruption to an organisations value-adding operations.

This short course has been developed to provide tools and techniques that can be used to evaluate areas of risk within the supply chain and the knowledge to develop an appropriate strategy to deal with the challenges and opportunities.