@Risk

The global management consulting firm PRTM analyzed the entries of more than 100 companies competing for the2009 European Supply Chain Excellence Awards and uncovered some interesting trends in current supply chain strategy and execution.

For instance, 77% of participants said the two most important strategic supply chain issues are “customer demand collaboration” and “supply chain risk minimization.”

In addition, PRTM found that: (more…)

Researchers at MIT want to know if people in different regions and different cultures think about and manage risks differently.

So, they’re conducting a global survey of supply chain, business and financial management professionals to gauge experiences and attitudes toward Supply Chain Risks and Risk Management.

Here are a few specifics:

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A new paper from the Confederation of British Industry (CBI) predicts a new era of business to emerge from the recession. Companies will have a more cautious approach, and are likely to operate in a more collaborative and flexible manner, the CBI says.

Specifically, the report , titled “The Shape of Business – The Next 10 Years,” details key areas where UK companies are likely to re-think what was “business- as- usual” before the global economic tailspin. These four areas are: (more…)

The economic downturn has provided a perfect storm of factors for business fraud, according to new research from PricewaterhouseCoopers.

In its 5th annual Global Economic Crime Survey, PwC identifies three factors that make fraud “inevitable”: (more…)

On Wednesday, a Senate committee unanimously approved a sweeping overhaul of the Food and Drug Administration’s food safety system.

The proposed legislation is similar to the measure passed by the House this summer, as it significantly increases the FDA’s regulatory powers and allows the agency to directly order a food recall, rather than merely requesting that a food manufacturer institute one. In addition, the Senate version of the bill includes whistle-blower protections, unspecified grants to states to improve food safety programs, and requirements for organic agricultural standards and other factors to be included in government food safety rules.

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