The 5 steps are:
- Identify the risks: as many risks as possible, they need to be visible to be treated
- Analyze the risks: understand what caused the risk and what else it might be linked to
- Evaluate and rank the risk: get an overview of the different factors within the company
- Treat the risk: it needs to be either eliminated or contained
- Monitor the risk: some risks are always present, keep an eye on all risk factors to avoid future threats
ABRAMS world trade wiki can help you with all these challenges - use our Supply Chain Intelligence tool to screen your entire supply chain to discover and prevent future problems. Our Market and Company Transparency tools will let you do the same with markets and your competitors and on top of that, always stay updated with our monitoring service!
