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ARTICLE: A Framework for Reducing the Impact of Disruptions to Supply Chain Integrating Market Intelligence with Risk Assessment In today’s regulatory and complex supply chain environment, no decision is exclusive of the risk associated in its environment. In fact, assessing risk is a major deliverable for any supply chain team. Moreover, assessing risk is a way of determining how to tie together the different types of data that can be identified in the supply chain. As shown in Figure 1.1, a formal process is required to develop a formalized assessment of risks, identify the potential impacts, and develop a set of contingency plans to mitigate risks.The types of risk present in the supply market can impact many areas of the company. Market intelligence and risk assessments are consumed by various functional and business units in the organization, not just strategic sourcing. Some of the major elements of market and business intelligence that impact risk include the following:
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