DNV GL Singapore

Supply Chain Risk Management

Sustainable performance is not only about what you do. You are also judged on the actions of your suppliers. Consumers increasingly consider environmental and ethical performance when making their choice, looking for products with a responsible trail.

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Supply chain risk management

Ensuring the resilience, efficiency and agility of supply chains, combined with the need to demonstrate responsible supply chain practices pose important challenges to today’s businesses in the food and beverage sector.

The source of a product, production methods, packaging, safety, carbon footprint and ethical performance are some of the issues that consumers are increasingly concerned about and which influence their purchasing decisions. 

Increasing consumer awareness, combined with greater visibility of the impacts of a product at different stages in its lifecycle, pose interesting risks and opportunities.

The adoption of digital technologies, combined with the power of digital connectivity, is changing the way organisations and stakeholders are accessing and using supply chain data.

As a result, managing risk has become essential to the success of all businesses operating along the food supply chain, from farmers, fishermen and growers to food processors, retailers, distributors, storage and transport companies.

What are the benefits? 

Organisations in the food and beverage sector continually seek opportunities to improve the quality, safety and sustainability of their products, reduce lead times and operational costs, and enhance brand and reputation. To achieve their objectives, organisations often rely on a number of supply chain partners.

A supply chain risk management approach generates added value to your organisation by providing:

  • Better understanding of supply chain risks.
  • Greater influence and control over suppliers.
  • Increased quality and reliability of products.
  • Increased efficiency and reduced operational costs.
  • Improved mutual understanding of suppliers.
  • Improved credibility, brand and reputation.

How we can help you 

DNV GL provides services to help organisations understand their supply chain risks and develop and implement appropriate controls. 

These include: 

  • Social and sustainability supplier audits and assessments.
  • Assessment of procurement and supply chain management processes.
  • Supplier assessment, training and engagement.
  • Support in management of supplier qualification program.
  • Supply chain strategy development.
  • Development of supplier evaluation systems, metrics and software.
  • Development of supplier engagement and communication strategies.
  • Benchmarking of supplier performance.
  • Business continuity and crisis management.