Supply chain risk is pervasive and far-reaching. To address vulnerabilities and reduce risk, organizations need to extend beyond silos and stovepipes. Effectively managing the myriad interactions and linkages that comes into play within a complex, extended supply chain is a challenge that requires Financial Accountability; End-to-End Visibility; and Systemic Security.
When these factors go largely unaddressed and risk is insufficiently managed, federal agencies are likely to experience an increase in costs and a decline in performance. Unable to smartly preempt or mitigate risk, they are likely to hedge against it in expensive and unsophisticated ways and implement ‘band-aids’ vs solutions.