Adrian Clements , general manager of operational risk management
at ArcelorMittal , says there are “ three types of supplier risks : those
risks inherent in a complex and interlinked supply chain ; the
possibility of supplier - created risks ; and finally the risks created
internally on how we work with , measure , manage and monitor
suppliers and supply chains .”
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Key suppliers
Despite these very real threats , 78 % of respondents indicate they do
not have robust risk management processes in place for more than
three quarters of their key suppliers . A similar proportion , 80 %, say
the same about performance management . Unsurprisingly , leaders
and fast followers are more likely to say that they do have robust
performance , contract and risk management in place for the vast
majority of their key suppliers .
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