ISM-Philadelphia, Inc.

The management of risk has become so “Risky” in the past few years that companies are now considering collaborating with their competitors in areas of mutual benefit while still competing head-on with them for a profit. COOpetition is defined as collaboration between competing companies to achieve a common goal. To mitigate risk, companies are learning to combine the benefits of cooperation and competition, while minimizing the challenges to get ahead. In COOpetition between companies, Unity provides new opportunities.

The Center for Supply Chain at Lehigh University has been publishing a Lehigh Risk Management Index (LRMI) that looks at the ten categories of Supply Chain Risk and how they have changed over the last three years. Noticing trends across different risk categories help managers become better prepared, especially during turbulent business environments. Collaboration across companies and competitors helps to reduce overall risk. This presentation will provide an overview of SC risk and how best to manage it through specific Collaboration techniques as a business strategy involving COOpetition that can be applied in any company going forward.

Join the executive leaders from ISM and Resilinc as they come together as part of a quarterly series to discuss the latest and emerging risks and disruptions impacting global supply chains. ISM CEO Tom Derry and Resilinc CEO Bindiya Vakil will also provide insights based on respective data and research from both organizations.

Businesses are facing numerous financial challenges today. Whether it’s rising wages or borrowing costs, or declining revenues, the current environment is not for the faint of heart. With commercial real estate a top expense for most businesses, please join Jonathan Keyser and Brian Uretzky as they provide strategies and negotiating tactics to help office and industrial space users maximize savings today.