Risk is a natural component of business. It's what spearheads investment activity and drives economic growth. Of course, successful management is what separates successful groups from the rest.
For that reason, it helps to have an industry-wide gauge to evaluate risk at a given time. Neo Group, an outsourcing consulting firm, announced the launch of a unique risk management barometer exclusively for the global sourcing industry. The Global Supply Risk Monitor will proactively identify, monitor and report on supply chain and sourcing risks, thereby allowing companies to sustain and enhance their outsourcing gains, according to Neo Group Chairman Atul Vashistha. The monitor will also help clients "monitor, predict and manage various risks in their services supply chain (captive centers and outsourced services such as ITO, BPO, KPO) across 50+ countries, 100+ cities and 500+ suppliers, in real-time." With so many vying interests in today's global marketplace, the ability assess risk for investment, supply, employment and credit decisions
is increasingly important.