Commercial Risk, July 8, 2025
Large firms better prepared for supply chain disruption after recent events
The potential widespread impact of U.S. tariffs has demonstrated the need for companies to take a more forward-looking approach to risk and do more to develop their risk foresight.
Many large organizations were better prepared for the impact of U.S. tariffs after learning the lessons of past supply chain disruption events, according to Jim Wetekamp, chief executive officer of Riskonnect, a U.S.-based risk management software company.
“We have generally found that risk managers were far more prepared and involved in the conversation than they had been in any previous activity, built upon the experiences of the financial crisis, Covid, and other supply chain events in recent years,” he said.
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