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The globalization of business sourcing and outsourcing has raised the bar when it comes to supply chain risks. Nearly 75% of 110 risk managers surveyed by Marsh Inc. reported higher supply chain risk levels since 2005, while 71% reported increased costs as a result of unexpected disruptions during those years. Worse yet, not a single survey respondent judged their company “highly effective” at supply chain risk management, and just 35% said they were “moderately effective.”

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