We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » A new tool to measure and assess risk
Direct Connection

A new tool to measure and assess risk

February 20, 2020
Rick Blasgen
No Comments

How do today's supply chain leaders assess risk and measure supply chain capability in key markets around the globe? What tools are available to add additional data points to improve access to information and decision-making abilities?

To help answer those questions, the Council of Supply Chain Management Professionals (CSCMP) has partnered with the University of Tennessee (UT), Knoxville's Global Supply Chain Institute and research and analysis firm IHS Markit to produce a tool that improves market intelligence, decision-making, and risk mitigation efforts for supply chain professionals.

The EPIC Global Supply Chain Readiness Index employs a data-driven approach that combines UT's quantitative analysis with IHS Markit's rich on-the-ground qualitative insights from more than 55 countries around the globe. This tool is designed to provide foundational and contemporary input to supply chain leaders to drive more informed decisions about how to best operate in these markets.

The "EPIC Global Supply Chain Readiness Index 2020" report is based upon concepts developed in a book authored by faculty from the University of Tennessee and ESSEC School of Management (Paris, France) entitled Global Supply Chains: Evaluating Regions on an EPIC Framework. The EPIC framework originally introduced in the book provides a methodology and approach that allows firms to better assess the suitability of different locations as sites for global supply chain operations, including sourcing, manufacturing, and distribution. With data sets selected by UT and analysis provided by IHS Markit, the EPIC Report 2020 will update the previous work and give supply chain executives insight about the capabilities of supply chains globally. The EPIC framework provides the structure for assessing various regions around the globe for supply chain readiness in regard to economy (E), politics (P), infrastructure (I), and competency (C).

As your professional association, CSCMP is committed to both developing and arming supply chain professionals to be successful in their pursuit of excellence throughout their careers, as well as advancing our discipline and accomplishing CSCMP's mission of a truly integrated, end-to-end supply chain. We believe this new report will enable supply chain organizations to make better, more informed decisions that will improve the effectiveness and efficiency of their supply chains.

 

    • Related Articles

      A new crossroads

      A new era for logistics

      Supply chain risk: Takeaways from our Singapore conference

    Rick Blasgen is President and Chief Executive Officer of the Council of Supply Chain Management Professionals (CSCMP).

    Recent Articles by Rick Blasgen

    A final farewell

    Look to your leaders

    Planning ahead

    You must login or register in order to post a comment.

    Report Abusive Comment

    Most Popular Articles

    • Wabash opens trailer manufacturing facility in Indiana

    • Six defining challenges of omnichannel fulfillment

    • Postal advocacy group says “excessive” July 9 stamp price hike will hurt consumers

    • California bill would require large corporations to disclose their greenhouse gas emissions

    • Panorays extends risk management throughout the digital supply chain

    Featured Video

    8757b894 244c 4429 b5d8 e6df7b479d82

    Penalties for Wood Packaging Material Violations

    Viewer Contributed
    Our Services Include: Customs Broker Denver Freight Forwarder Denver Global Logistics Denver Cargo Insurance Denver Customs Bond Denver Customs Clearance Denver Customs Duty Denver Isf Filing Denver More details: Phone : 281-445-9779 Email: info@gallaghertransport.com Website: gallaghertransport.com

    FEATURED WHITE PAPERS

    • Five questions to ask before electrifying your indoor forklift fleet

    • Operator assist system myths busted

    • Three layers of forklift safety: Promoting operating best practices

    • The Complete Guide to Automated Packaging

    View More

    Subscribe to Supply Chain Quarterly

    Get Your Subscription
    • SUBSCRIBE
    • E-NEWSLETTERS
    • ADVERTISING
    • CUSTOMER CARE
    • CONTACT
    • ABOUT
    • STAFF
    • PRIVACY POLICY

    Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing