Learning Marketplace

Quantifying Pharmaceutical Supply Chain Risk

Failing to protect your most valuable cargo often has consequences that go far beyond the actual cost of the loss. Incidents, such as cargo theft and counterfeit production, cause companies to scramble to recover and replace lost inventory, which disrupts delivery deadlines and impacts their reputation. Companies are increasingly operating in more dangerous markets where cargo theft and other security concerns are much more common. Lacking objective criteria to evaluate these complex risks leaves companies vulnerable and unable to effectively allocate their security and risk mitigation budgets to ensure their supply chain and products are protected.

Instead of reacting to disruptions, organizations should utilize a proactive approach to anticipate and prevent losses. BSI's Quantitative Risk Solutions (QRS) utilizes a predictive risk- modeling methodology that leverages BSI's proprietary geographic risk intelligence to provide unparalleled visibility to help organizations build resiliency, and take a proactive approach.

Presenter:

Tony Pelli is a Supply Chain Risk Consultant on BSI's Advisory team, working with a number of Fortune 500 companies to evaluate and quantify the risk of security problems, business continuity interruptions, and social responsibility compliance violations in the supply chain. Tony also spent one year on a rotation in BSI's office in Milton Keynes, United Kingdom, helping to launch and develop business for the SCS tools in EMEA.