One of the driving forces behind the expansion of businessrelationships has been an effort to reduce risk. That isparticularly true in supply chains.
The pursuit for lower-cost materials and efficient logistics isimportant to industries of all kinds. But reliability of supply andprecautionary redundancy have prompted firms to fling their supplynetworks across the globe.
It's likely that in going global, companies have actuallyincreased their risk profiles. Broadening exposures can drive totalrisk higher, through actual exposure to new perils, or by makingexisting risks more difficult to manage.
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