What Is Risk Mitigation?
Understand how Risk Mitigation fits into the supply chain
Risk mitigation focuses on reducing the risk of threats. Some examples of how risk can be mitigated or reduced include making contingency plans, cross-docking, ensuring and maintaining visibility, or hiring a DCC or 3PL. Within logistics, five ways shippers and their supply chain partners can adapt quickly to changes within the supply chain to minimize the risk of disruptions are to predict problem areas, obtain visibility, share information, secure capacity and pull product ahead.