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Supply-chain risk management is aimed at managing risks in complex and dynamic supply and demand networks. [1] (cf. Wieland/Wallenburg, 2011)Supply chain risk management (SCRM) is "the implementation of strategies to manage both everyday and exceptional risks along the supply chain based on continuous risk assessment with the objective of reducing vulnerability and ensuring continuity".
The terrorist attacks of 9/11 were the defining event for modern supply chain security. Before 9/11 supply chain security was primarily the concern of the insurance and risk management industries; after the attacks more structured approaches were implemented. Early efforts were dominated by concerns over the use of maritime shipping to deliver ...
In February 2022, Peter S. Goodman, writing in The New York Times, argued that returning to the pre-COVID-19-pandemic global supply chain was seen as "unlikely" in 2022. [21] India, the United States, and Brazil are hardest hit in the supply chain with significant shortages of many different product categories.
Security risks related to ports often focus on either the physical security of the port, or security risks within the maritime supply chain. [ 1 ] Internationally, port security is governed by rules issued by the International Maritime Organization and its 2002 International Ship and Port Facility Security Code . [ 2 ]
A supply chain attack is a cyber-attack that seeks to damage an organization by targeting less secure elements in the supply chain. [1] A supply chain attack can occur in any industry, from the financial sector, oil industry, to a government sector. [2] A supply chain attack can happen in software or hardware. [3]
ISO 28000:2022, Security and resilience – Security management systems – Requirements, is a management system standard published by International Organization for Standardization (ISO) that specifies requirements for a security management system including aspects relevant to the supply chain.
Cyber insurance premiums are falling globally as businesses become more adept in curbing their losses from cyber crime, even as ransomware attacks are rising, broker Howden said in a report on Monday.
Pre-shipment inspection (also preshipment inspection or PSI) is a part of supply chain management and an important quality control method for checking the quality of goods clients buy from suppliers. PSI helps ensure that production complies with the governing specification, contract, or purchase order. A final random inspection (FRI) checks ...