As European companies become more dependent on emerging markets for production, facilities and customers, Philip Johnson, Vice President & Operations Manager of London Operations at FM Global, advises that businesses need to re-evaluate their supply chain management by taking the following steps: identify suppliers, identify the risks shared by the company and its suppliers, and loss prevention.
Johnson further reveals that using data and technology to identify and prioritise risk is also crucial. For instance, businesses can make informed decisions on the possible supply chain risks they may be exposed to by utilising the FM Global Resilience Index tool.
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