AIRMIC workshop says increased security threats are the cause.
Protecting supply chain integrity is a major challenge for global organisations seeking to improve financial performance, heard the Jardine Lloyd Thompson (JLT) supply chain risk workshop at AIRMIC, in Edinburgh yesterday.
The broker said this was the case even though the ability to effectively evaluate the risks have not yet been put in place.
The findings underline the increased importance that international businesses place on supply chain management, as they seek to optimise assets and processes, human and financial resources, technology and knowledge.
Neil Campbell, Head of Life Science and Chemicals at JLT said: “Although corporate supply chain specialisation already has a well established history, it’s really only over the last few years that we’ve started to see a seismic shift in the way in which organisations manage this area of risk and mitigate against future business loss.”
He added: “However, as today’s workshop demonstrates, the industry has started to wake up to the increasing challenges faced by international business and the challenge for the long-term success is clear. Working closely with our customers and partners, we look forward to continuing to develop and enhance our solution portfolio in order to combat the increasing complexity of the supply chain.”
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
