When managers think about risk, they often look to the extremes. The word itself is often associated with dramatic events which change the world. But the losses we suffer often come from more mundane sources.
My subject being the somewhat ticklish subject of corruption in the supply chain, many of the academics and practitioners agreed that, although interesting, this particular area of inquiry might suffer from ‘data weaknesses’.
Businesses have been caught off guard by the war in Ukraine, but the conflict will require careful watching in the future. To understand this, the Economist Intelligence Unit held a session in London, debating the future of the region.
As the rebellion in Eastern Ukraine seems to be collapsing, the broader geopolitical environment is becoming more complex. From a procurement perspective, those with a big stake in the commercial outcome of the situation are likely to find consistent challenges in the coming years.
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