Industry experts agree that integrating the supply chain is more effective in mitigating risks than hedging strategies. Supply-chain integration does more than just address financial risks -- it also helps mitigate other major risks, such as reputational problems, natural disasters and quality risks. "To develop and manage your supply chain holistically, you need significant integration with both your customers and your suppliers to have better input in developing your risk strategy," said 4C Associates Director Phil Joss.

Related Summaries