Risk: Predicting the Future and Acting on It

Wolfgang Schnellbächer and Daniel Weise
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Wolfgang Schnellbächer: Boston Consulting Group
Daniel Weise: Boston Consulting Group

A chapter in Jumpstart to Digital Procurement, 2020, pp 61-67 from Springer

Abstract: Abstract The world is becoming increasingly interconnected, which creates complex interdependencies in global supply chains. At the same time, uncertainty is growing, with companies being exposed to a wide range of risks threatening their business. Chinese factory closures due to natural disasters or labor strikes in South Africa plant cause standstills in Germany and trade barriers increase sourcing costs. The consequences are significant: The insurance company AON estimates noninsured costs of $134 billion from natural disasters in one year alone.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-51984-1_7

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DOI: 10.1007/978-3-030-51984-1_7

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