Ngage Rail White Paper: Building supply chain resilience in the rail industry
Volatile. Uncertain. Interconnected. Complex.
Four words that commonly feature in discussions about the difficulty of managing supply chain risk in the rail sector. Views from the sector underline the challenge and highlight the need for a focused approach to risk management of supply chains.
Perhaps one of the most significant challenges the rail sector faces lies in the supply chain. As supply chains extend and become more complicated, the desire to build greater resilience in them increases.
Given the uncertainty and complexity in supply chains, the importance of having the right people making key decisions to manage risk is a priority for rail companies. This white paper looks at key vulnerabilities typically found in rail sector supply chains. It then outlines actions to identify, quantify and measure vulnerabilities that can help to mitigate risk.
It highlights the need for a focused approach to risk management in supply chains and suggests actions to mitigate the risks.