Cargo Theft, Terrorism Top Global Supply Chain Risks in 2016
In 2016 global supply chains continued to face a range of security, social responsibility and business continuity risks, with many of the issues provoked by one another.
BSI's Global Supply Chain Intelligence Reportnoted multiple incidents that started out as a security, social responsibility, or a business continuity risk that cascaded into other supply chain issues. The European migrant crisis is perhaps the best example of a type of event that began as a single security risk, it said, before building into a business continuity disruption as countries imposed border controls, which in turn was exacerbated by blocked migrants looking for work, often falling victim to forced labor in certain nations. As risks, such as the migrant crisis, continue to evolve, BSI said it's imperative that organizations work together to take a holistic risk management approach to ensure they are informed and prepared to address multiple areas of concern.