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Retail supply chain risk: Six practical steps to optimise risk management

Author

Teresa Long
May 8, 2024

Efficient retail supply chain risk management is paramount to ensure seamless operations, meet customer demands and foster resilience in the face of ongoing volatility.

Through greater collaboration and leveraging technology, you can achieve a more nuanced and dynamic understanding of your supply chains to manage complex risks more proactively and outsmart disruption. More sophisticated perspectives on your retail supply chain risk can also help differentiate your customer experience around the so-called ‘last mile’ of supply chains.

In this insight, based on findings from the WTW Retail Futures report, we offer six headline actions to mitigate retail supply chain risks and bolster your overall supply chain risk management and resilience.

Predictive analytics and AI technologies are playing an increasingly pivotal role

Author

Teresa Long, Industry Leader for Retail, Leisure and Hospitality, GB

Teresa Long

Industry Leader for Retail, Leisure and Hospitality, GB

Conducting supplier assessments will help you evaluate suppliers’ financial stability