• Supply chain risk management is a critical aspect of modern business
operations .As global supply chain have become more complex and interconnected, they have also become more vulnerable to disruption from a wide range of risks, including natural disasters, geopolitical events, and more. To help organizations mitigate these risks. pwc has developed a comprehensive approach to supply chain risk management. • Pwc approach to supply chain risk management is designed to help organizations build more resilient supply chain that can withstand a wide range of potential disruption. EXPLANATION OF REPORT PwC's supply chain risk management report provides insights into the current state of supply chain risk management, the challenges that organizations face, and the steps they can take to improve their risk management capabilities. The report highlights the following key points: • Increasing Supply Chain Complexity: The global pandemic has highlighted the complexities and vulnerabilities of supply chains. • Emerging Risks: Organizations need to be aware of emerging risks such as geopolitical risks, cybersecurity risks, and climate change risks that can have a significant impact on their supply chains. • Resilience as a Competitive Advantage: Companies that can build resilience into their supply chains will be better able to adapt to disruptions and gain a competitive advantage. • Data and Analytics: Advanced data analytics can help companies identify and manage risks in their supply chains more effectively. • Collaboration and Transparency: Collaboration and transparency with suppliers and other stakeholders are essential to managing risks effectively. • Building a Resilient Supply Chain: Organizations should focus on building a resilient supply chain by adopting a risk management framework, developing risk mitigation strategies, and testing their resilience through scenario planning and stress testing.