The severity of supply chain disruptions has increased tremendously in the past two decades, making it impearitive to invest in supply chain risk management
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SWOT Analysis Strength: Supply chain risk management offers end-to-end visibility across the supply chain. Weakness: Implementation of supply chain risk management solutions requires high initial investments and involves additional maintenance costs. Growing adoption of IoT, AI and blockchain technologies present an opportunity to develop advanced predictive analytics capabilities in supply chain risk management. Key Takeaways: The global Supply Chain Risk Management Market Share is expected to witness high growth, exhibiting CAGR of 11% over the forecast period, due to increasing disruptions in global supply chains. Regional analysis: North America dominated the supply chain risk management market in 2023, owing to stringent regulations around supply chain security.
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The global Supply Chain Risk Management Market is estimated to be valued at US$ 2. With digital transformation gaining rapid traction across industries, investments in emerging technologies in the supply chain space are expected to significantly drive the demand for supply chain risk management solutions over the forecast period. Segment Analysis The global supply chain risk management market is segmented on the basis of component, deployed mode, organization size, vertical, and region. Key Takeaways The Global Supply Chain Risk Management Market Size is expected to witness high growth in the coming years. The global Supply Chain Risk Management Market is estimated to be valued at US$ 2. Key players: Key players operating in the supply chain risk management market are Rise, GEP, Avetta, DHL Resilience360, Epicor, Ivalua, Dassault Systèmes, and IBM.
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Understanding Supply Chain Risks A supply chain consists of various suppliers, manufacturers, transporters, warehouses and customers linked together to source, produce and distribute products and services. Recent Supply Chain Risk Management disruptions due to fires in chemical warehouses highlight this risk. Approaches for Mitigating Supply Chain Risks Understanding potential risks across the supply chain is only the first step. With the evolution of digital tools, disruption monitoring and risk prediction are becoming smarter to propel evidence-based risk management. Get more insights on this topic: Supply Chain Risk Management
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Yashvi Gadhiya 2023-08-17
The global Supply Chain Risk Management Market is estimated to be valued at USD 2. Key products associated with this market include supply chain risk assessment tools, risk analytics software, and supply chain visibility solutions. Firstly, the increasing adoption of advanced technologies such as cloud computing, artificial intelligence (AI), and blockchain in supply chain management is driving market growth. Lack of awareness and understanding of the importance of supply chain risk management among organizations. The region has a high concentration of key players and is witnessing increased investments in supply chain risk management solutions.
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