'Encouraging' reduction in SC risk

There has been an “encouraging” reduction in supply chain risk for the first quarter of 2014 following improved economic prospects in Germany, United Stated and the United Kingdom. The Chartered Institute of Purchasing & Supply’s (CIPS) first ever CIPS Risk Index – released earlier this month – reveals the impact of politically unstable regions such as Eastern Europe and Asia on the daily activities of businesses in the West, according to a CIPS statement. The index highlights the need for a better understanding of supply chain risk management, pointing to a serious skills gap as inadequately trained supply chain professionals try to assess risk in an increasingly globalised world.