Global supply chains are increasingly becoming more vulnerable to potential disruption to trade. Every year, Aon publishes a political risk map, and in 2009 the number of countries tagged with ‘supply chain vulnerability’ has increased from 38 to 54.
The financial crisis has created an supply chain crisis, says The Economist. What used to be a banking crisis is now a manufacturing crisis and may soon be a supplier crisis.
Supply chain disruption – a global issue? All companies and governments dependent on external suppliers are exposed to the risks of disruption in their supply chain. Even a relatively small supply chain disruption caused by a local risk event may ultimately have consequences across the global economic system.
