At GartnerSC Symposium, Gartner analyst Chris Poole said CSCOs must take 3 actions to navigate ongoing macro and micro disruption. Read the press release to learn more:
, CSCOs must also pay close attention to micro disruptions, such as new entrants to the market, emerging technologies and internal organizational changes.”Understand the Organization’s Risk Appetite & Areas of Exposure
Risk appetite refers to the amount of risk a company is intentionally taking to achieve their strategic objectives. The risk appetite statement defines the types and numbers of risks that are acceptable to the organization and provides performance boundaries for the strategic objectives. A 2022 Gartner survey among 273 board members found that 57% are increasing their risk appetite, even during disruptive times.
“It’s crucial for CSCOs to understand where their company is deliberately increasing risk, so they can those additional risks in line with other disruptions. Risk management has never been more important,” Poole said.Digital transformation can also help mitigate disruption, as new technologies improve the agility of the supply chain – the ability to sense and respond quickly to unanticipated changes in demand and supply.
“The greater the ecosystem, the greater the reach to sense changes and increase options for a path forward,” Poole concluded.Gartner experts will provide additional insights on key issues facing supply chain leaders during Gartner Supply Chain Symposium, taking place. Gartner Supply Chain Symposium/Xpo delivers the must-have insights, strategies and frameworks for CSCOs and supply chain leaders to drive impact within their organizations.
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Gartner Supply Chain Symposium/Xpo 2022 London: Day 1 HighlightsThanks for joining Gartner Supply Chain Symposium/Xpo EMEA. Highlights from Day 1 include: ✅ Opening keynote ✅ Navigating global disruption ✅ CEO Concerns 2022-2023 ✅ Forging a path to a circular economy Read more on the Gartner Newsroom: GartnerSC
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