”The best organisations have clear risk governance in place, establish an active risk management process and integrate this within the business."
james wright, pa manufacturing and supply chain EXPERTRod NewingFinancial Times20 March 2012
PA’s James Wright, manufacturing and supply chain expert, is quoted in the Financial Times special report on supply chain risk management. James gives his view on the risks organisations face when they move their manufacturing operations to other countries to save on labour costs.
James explains that: “very few organisations have the framework in place, policies, skills or culture actively to manage their risks.”
The article goes on to look at how risk management is often the reserve of senior executives, not taking in to account the views of those most closely associated with the potential risks. James goes on to explain: “It is also too often an annual spreadsheet exercise. The best organisations have clear risk governance in place, establish an active risk management process and integrate this within the business so that mitigations are managed and updated and latest risks identified.”
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