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The Risks that Manufacturing Firms are Facing and the Impact that Follows

Fusion Risk Management

The reach and criticality of global manufacturers impacts almost everyone. Manufacturers are responsible for sourcing and producing life-sustaining food, medicine, commodities, and goods that we rely on. Additionally, operating in a global environment leaves manufacturers vulnerable to the results of geopolitical tensions.

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What Service Providers Need to Know About Supply Chain Risk Management

MHA Consulting

Many service providers tune out talk about supply chain risk management since they think the issue only affects manufacturers and retailers. In fact, service providers are also vulnerable to vendor … The post What Service Providers Need to Know About Supply Chain Risk Management appeared first on MHA Consulting.

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Business Process Automation: What It Is and How to Use It

LogisManager

With increasing regulatory pressures and a need for operational agility, your role as a risk manager becomes more complex and essential. For risk managers, BPA offers a structured approach to identifying , managing, and mitigating risks that is both scalable and efficient.

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EP22: Gamifying Business Continuity | James MacDonnell

The Failover Plan Podcast

Today on the podcast, we’re talking with James MacDonnell - Director, Crisis Management and Business Continuity at BDO USA. He has designed enterprise risk management, business continuity and crisis management programs involving diverse stakeholders in support of commercial, national security and military clients.

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Getting Started with Enterprise Risk Management

MHA Consulting

In today’s post, we’ll take a look at how organizations can get started using Enterprise Risk Management (ERM) to reduce their exposure and improve their resilience. Putting Their Head in the Sand Many organizations put their head in the sand when it comes to assessing the risks they face. I’ll talk more about that in a moment.

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Failure in Risk Management: The Turbulent Times of Boeing Airlines

LogisManager

Boeing Airlines finds itself amidst a storm of legal challenges, grappling with a series of incidents highlighting systemic issues in its risk management practices. Why is the glaring lack of records a risk management problem for Boeing? What are the consequences of Boeing’s failure in risk management?

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Impact tolerance in operational resilience: A guide for businesses  

everbridge

The concepts within operational resilience have merit even in pharmaceutical, healthcare, and manufacturing. There are many metrics that can be used to measure what could or would cause harm and unlike broader risk management strategies, which aim to prevent disruptions entirely, impact tolerances acknowledge that incidents are inevitable.