Strategies to mitigate supply chain risks
Mitigating supply chain risks requires a comprehensive and proactive approach. Effective C-SCRM is not just a beneficial addition but a fundamental necessity for modern business operations. Organizations must deploy various strategic measures to counter the risks associated with their supply chains. The following are several strategies that organizations can utilize to ensure that their supply chain remains resilient in the face of cybersecurity threats:
- Comprehensive vendor assessment: Vendor risk management is a key component of supply chain risk mitigation. Organizations should vet potential vendors for their cybersecurity posture. This involves examining the vendor’s cybersecurity policies, incident response plans, and historical security performance.
- Incorporating security requirements into vendor contracts: To ensure the integrity of the supply chain, security requirements should be clearly defined in vendor contracts...
