Risk to the global supply chain has lessened from its all-time peak last year, according to the quarterly Risk Index published by the Chartered Institute of Purchasing & Supply (CIPS). The lower risk was attributed to the improved economies of the United Kingdom, United States, and Germany, and exporting stability in the United States and China. However, CIPS warned that businesses must remain vigilant about the industry’s threats. “With political instability across the developing world, it is vital that businesses and economies recognize the risks to their supply chains and make the appropriate provisions before it is too late,” said David Noble, CIPS CEO, according to the Web Site Supply Management. “The Index provides a close examination of the global risks that need to be on the radar. Global supply chains have scarcely been at greater risk than today. Business leaders must sit up and take notice.”
www.securitymanagement.com
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