supply chain bottlenecks

7 Important Considerations for Addressing Supply Chain Bottlenecks and Shortages

To anyone paying attention, uncertainty is becoming more intense with each passing day it seems. And in this particular moment, supply chain bottlenecks and shortages are fueling much of this uncertainty. I think you’ll agree – besides seeing masks everywhere, one of the most visible and ubiquitous signs of the COVID-19 pandemic over the last…
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Building a Performance-Focused Risk Management Process Requires a Strong Foundation

For today’s post, I would like to share the first in a series of four guest articles published in The Demotech Difference, a quarterly publication that discusses issues affecting the property and casualty insurance industry. Regardless of your industry, instability, uncertainty, and change are becoming more pronounced with each passing day it seems. Companies need…
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5 Ways to Improve ERM’s Reputation with Executives

The COVID pandemic of the last year blew the lid of uncertainty wide open… And while restrictions are easing and many are returning to the office, this uncertainty shows no signs of abating. In fact, it will continue to intensify. Now this may seem like an incredible opportunity for ERM to help the Board, executives…
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Taking a Growth Pause: Preparing for Long-Term Success

For this week’s post, I would like to share a guest article published in Carrier Management, a quarterly journal targeting P&C insurance executives. Like previous guest editorials, this article was written with a specific industry in mind, but the contents are applicable to any organization. When a company is in its infancy, the main focus…
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Can We Trust the Experts during Risk Assessments?

The nature of being a risk manager requires us to engage extensively with subject-matter experts (SMEs) to understand concepts, processes, and risks. We use this information to understand how the SMEs’ activities fit into the bigger picture of the organization. Without their input, it’s almost impossible to determine the appropriate risk response unless you have…
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10 Attributes that Made ERM Successful at the LEGO Group

LEGO is a timeless, classic toy line popular among kids and the young-at-heart, including here in our home. Building LEGO sets either as a themed set (e.g., Star Wars, fire station, airport) or creative imagination is something my son and I have enjoyed doing together for several years now. Just recently, he expressed his desire…
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Risk Appetite and Risk Tolerance – Which Definitions Do You Use?

In follow up to our recent article on handling risks that exceed the company’s appetite, we would like to share this perspective from our friend Hans Læssøe on this complex and controversial topic. Hans’ article below describes how the world’s leading risk management standards, COSO and ISO 31000, have differing definitions on risk appetite and…
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Meet Carol

​As an enterprise risk management consultant, my goal – and a real passion! – is ensuring companies have the tools they need to identify and properly manage threats and opportunities to business objectives ... Read More

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