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.
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.