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Published by Coherent Market Insights
Posted on September 9, 2021
United States/WA: The global supply chain risk management market was valued at US$ 1078.9 million in 2017, and is projected to reach US$ 3237.1 million by 2026, exhibiting a CAGR of 13.4% over the forecast period,
Report Pages:[185 Pages]
Supply chain risk management is a strategic business practice that recognizes the need for companies to establish and maintain a system to assure that the products being supplied are produced following established quality controls, standards, and manufacturing procedures. Suppliers are held responsible for the supply chain risks that result from their supply of raw materials and components to the finished product. Suppliers are also held responsible for the transportation, storage, and accept-and-discharge processes that lead up to the point when the final goods are delivered to customers. The ultimate goal of supply chain risk management is to ensure that products are delivered in good condition and promptly. The supply chain also includes operations such as customer service and satisfaction, marketing, sales, returns, and funding.
In managing supply chain risk, several tools can be used to reduce the probability of disruption to the production and/or logistics of a company. These include building supply chains that are flexible enough to respond to changing market conditions and fast enough to maintain profitability. Also, supply chains need to be able to detect and respond quickly to any signs of potential product failure, disruption of production, or change in company operations. Prevention is often more effective than cure.
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Several authoritative figures are improving supply chains to cope with threat assessment of a vendor, sub-contractor, or contractor, along with the assessment of the impact that is based on critical services or products, is the main factor that is enhancing the growth of the global supply chain risk management market. For instance, in July 2018, the U.S. Department of Homeland Security unveiled the new National Risk Management Center (NRMC). Moreover, the increase of the transport sector is also driving the growth of the global supply chain risk management market.
One of the primary supply chain risk management tools is the identification of potential interruptions in the supply chain, which can occur for many reasons, ranging from natural disasters to human error. Preventing interruptions in the supply chain reduces the likelihood of financial loss, disruption of business, and loss of customer confidence. Companies must take steps to identify potential disruptions in their supply chain, develop plans to deal with them, and make systems and policies to ensure they do not happen. However, the complexity of this type of management program is the factor that is negatively affecting the growth of the global supply chain risk management market.
Detailed Segmentation:
Go Through Our Trusted Clients List: https://www.coherentmarketinsights.com/trusted-by
Owing to the increasing growth of the transport sector in the region, North America is witnessing high growth in the global supply chain risk management market. For instance, according to federal government reports, in 2020 the total market size of the public transportation services in the US was around US$75.3 billion. Owing to such factors there have been several industrial developments in the global supply chain risk management market. For instance, in June 2021, ethiXbase announced the introduction of GreenLITE, which is a new ESG risk management solution.
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Coherent Market Insights
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#3200
Seattle, WA 98154
Tel: +1-206-701-6702
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The post [PDF] The Global Supply Chain Risk Management Market Is Experiencing High Demand Owing To the Imposition of Several Government Rules to Assess the Risks of the Supply Chains appeared first on Gatorledger.
United States/WA: The global supply chain risk management market was valued at US$ 1078.9 million in 2017, and is projected to reach US$ 3237.1 million by 2026, exhibiting a CAGR of 13.4% over the forecast period,
Report Pages:[185 Pages]
Supply chain risk management is a strategic business practice that recognizes the need for companies to establish and maintain a system to assure that the products being supplied are produced following established quality controls, standards, and manufacturing procedures. Suppliers are held responsible for the supply chain risks that result from their supply of raw materials and components to the finished product. Suppliers are also held responsible for the transportation, storage, and accept-and-discharge processes that lead up to the point when the final goods are delivered to customers. The ultimate goal of supply chain risk management is to ensure that products are delivered in good condition and promptly. The supply chain also includes operations such as customer service and satisfaction, marketing, sales, returns, and funding.
In managing supply chain risk, several tools can be used to reduce the probability of disruption to the production and/or logistics of a company. These include building supply chains that are flexible enough to respond to changing market conditions and fast enough to maintain profitability. Also, supply chains need to be able to detect and respond quickly to any signs of potential product failure, disruption of production, or change in company operations. Prevention is often more effective than cure.
Request a sample copy of the report to understand the structure of the complete report:
https://www.coherentmarketinsights.com/insight/request-sample/2589
Several authoritative figures are improving supply chains to cope with threat assessment of a vendor, sub-contractor, or contractor, along with the assessment of the impact that is based on critical services or products, is the main factor that is enhancing the growth of the global supply chain risk management market. For instance, in July 2018, the U.S. Department of Homeland Security unveiled the new National Risk Management Center (NRMC). Moreover, the increase of the transport sector is also driving the growth of the global supply chain risk management market.
One of the primary supply chain risk management tools is the identification of potential interruptions in the supply chain, which can occur for many reasons, ranging from natural disasters to human error. Preventing interruptions in the supply chain reduces the likelihood of financial loss, disruption of business, and loss of customer confidence. Companies must take steps to identify potential disruptions in their supply chain, develop plans to deal with them, and make systems and policies to ensure they do not happen. However, the complexity of this type of management program is the factor that is negatively affecting the growth of the global supply chain risk management market.
Detailed Segmentation:
Go Through Our Trusted Clients List: https://www.coherentmarketinsights.com/trusted-by
Owing to the increasing growth of the transport sector in the region, North America is witnessing high growth in the global supply chain risk management market. For instance, according to federal government reports, in 2020 the total market size of the public transportation services in the US was around US$75.3 billion. Owing to such factors there have been several industrial developments in the global supply chain risk management market. For instance, in June 2021, ethiXbase announced the introduction of GreenLITE, which is a new ESG risk management solution.
People Also Search For Following Reports:
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post [PDF] The Global Supply Chain Risk Management Market Is Experiencing High Demand Owing To the Imposition of Several Government Rules to Assess the Risks of the Supply Chains appeared first on Gatorledger.
