Figure 29: WHAT STRATEGIES HAS YOUR ORGANISATION ADOPTED FOR RESPONDING TO SUPPLY CHAIN THREATS?
71.9%
Implement multiple sourcing of key materials
66.3%
71.9%
Establish safety stock of key purchased goods
46.3%
Implement performance-based contracts with suppliers Establish a mutual aid contingency plan with a contractor or competitor to supply materials in a crisis situation Purchase business interruption insurance protection for suppliers
30.3%
51.6%
18%
28.4%
15.7%
26.3%
13.5%
Accept the risk as part of doing business
45.3%
Maintain excess capacity to supply products & services in-house
7.9%
15.8%
1.1%
Other
2.1%
0
10% 20% 30% 40% 50%
60%
80%
70%
Greece 2011 Global 2009
At an operational level, a comparison between the two surveys reveals that Greek organisations are less likely to implement a number of tactics in managing supply chain risks than the global sample. With the exception of “internal relationship management and facilitation”, which was chosen by more Greek than foreign professionals (70.5% to 56.5%), the use of other risk management tactics seems to be significantly lower in Greek organisations than those that took part in the global study.
Figure 30: WHICH OF THE FOLLOWING ACTIVITIES HAVE YOU IMPLEMENTED TO MANAGE THE RISK IN YOUR SUPPLY CHAIN(S)?
Internal relationship management and facilitation
70.5%
56.5%
55.7%
Auditing performance of suppliers
58.3%
44.3%
Reviewing risks within contractual agreements
72.2%
31.8%
Supply chain risk management strategy development and policy setting
54.6%
29.5%
Implement business continuity plans
54.6%
23.9%
Risk reporting and governance
53.7%
15.9%
Communicating expectations to suppliers
68.5%
14.8%
Aligning insurance coverage to supply chain exposures
40.7%
9.1%
Awareness and training programmes of internal stuff
36.1%
Evaluating ethical and social responsibility exposures within supply chains
5.7%
41.7%
1.1%
Other
0.9%
70%
0
10% 20% 30% 40% 50%
60%
80%
Greece 2011 Global 2009
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