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Supply Chain Risk and the need to understand the industry value chain before proceeding

Valentine’s Day Roses Hit Unexpected Snag: Trade Boom

Top flower exporter scrambled to line up cargo planes to ensure beautiful blooms would be available at florists around the world

Another example of the changing landscape of Supply Chain Risk activities.

A prerequisite to navigating supply chain risk and uncertainty: understand the industry value chain dynamics (forces), then understand your organization’s supply chain and 3rd party vulnerabilities.

#risk #uncertainty #supplychain #resilience #continuity #logistics #supplychainrisk #vendorrisk #management #leadership #transportation #agriculture

By Gary S Lynch

I am the Founder and CEO of The Risk Project, LLC a risk, uncertainty and opportunity advisory firm. As a management consultant, business developer and market analyst at Booz Allen Hamilton, Gartner Group and Marsh, I was responsible for defining market strategy, commericalizing capabilities, and developing businesses. I've helped dozens of organizations create new revenue streams. I've also held the position of Risk Executive, CISO and Global Leader - Office of Business Continuity at JPMorganChase, Prudential and Prudential Securities.

Throughout my career I worked with senior leadership from startups, academia and government agencies to life sciences, hi-tech and financial institutions. I was a founding member of the US Dept of Commerce's Advisory Committee on Supply Chain Competitiveness, Advisor to the WEF Global Risk Network and Sr. Research Fellow at the RH Smith School of Business, University of Maryland.

I've authored three business risk books and been a featured at the WEF, APEC, WCO, NIST, NACD, AIAG, RIMS, MIT CTL, Robert H. Smith School and the Desautels School of Management/McGill University.

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