How Kenvue DeRisked Its Supply Chain

Global disruptions are increasingly common, impacting consumer demand and supply chains. Kenvue, formerly with Johnson & Johnson, invested in insurance policies to make their supply chain more resilient during uncertain times. They focused on surge capacity, partnerships, and data and processes. The pandemic highlighted the need for organizations to better manage disruptions and strengthen responsive supply chains to meet consumer needs efficiently.

Source: Link

Frequently Asked Questions

How did Kenvue de-risk its supply chain?

Unfortunately, the search results provided do not directly address the specific question of how Kenvue de-risked its supply chain as mentioned in the query. However, I can provide some general information on supply chain risk management that may be helpful:

1. What is the role of the Supply Chain Risk Management (SCRM) Review Board?

According to the first search result from the GSA (General Services Administration), in cases where there is a supply chain risk, the GSA contracting officer should consult with management and the Supply Chain Risk Management (SCRM) Review Board for guidance. [Source]

2. How can supplier risk management software help in de-risking the supply chain?

The SAP Ariba Supplier Risk solution helps reduce supplier risk and support business continuity, enabling buyers to make smarter, safer purchasing decisions. [Source]

3. What cyber risk management solutions are available for supply chain risk mitigation?

Bitsight provides cyber risk management solutions that help businesses understand and mitigate risks across their supply chain. [Source]

4. Where can I find information about risk management in supply chain management within the pharmaceutical industry?

The European Medicines Agency (EMA) provides answers to frequently asked questions about good manufacturing practice and good distribution practice, including risk management in supply chain management. [Source]

5. What resources can I refer to for guidance on risk management in third-party relationships, which may include supply chain management?

The OCC (Office of the Comptroller of the Currency) provides guidance on risk management in third-party relationships. For further information, you can refer to OCC Bulletin 2020-10. [Source]

Please note that the information provided is based on the search results, and the specific case of Kenvue de-risking its supply chain may require further research or specific knowledge about that company's practices.