At the heart of The Prophets’ vision are “The 24 Essential Supply Chain Processes.” What are they? Find out, and see the future yourself. Click here In this episode of the Auto Supply Chain Prophets podcast, hosts Cathy Fisher, Terry Onica, and Jan Griffiths explore the critical topic of risk management in the automotive supply chain. The conversation commenced with the hosts sharing their experience with an EV startup, underlining the crucial role of robust supply chain processes for successful scaling. Transitioning to the main topic of risk management, Cathy and Terry discussed their recently updated white paper, which explores risk management strategies and the development of resilient supply chains. They further delved into the paper's relevance amid current supply chain challenges, including the COVID-19 pandemic and the semiconductor crisis.The conversation highlights the necessity of cross-functional collaboration in identifying and addressing supply chain risks. The hosts stress the significance of CEO involvement, cost considerations, and risk appetite in creating effective contingency plans. The episode concludes by emphasizing the critical role of proactive risk management, with a continual focus on the dynamic nature of risks, necessitating frequent assessments and quarterly reviews.Themes discussed in this episode:Supply chain challengesFuture of supply chain in the EV eraWorking with EV startupsImportance of robust processesUpdate on risk-based thinkingCost considerations and risk appetiteProactive risk managementCross-functional collaboration Featured on this episode: Name: Cathy FisherTitle: Founder and President, QuistemAbout: Cathy’s firm helps its clients, particularly automotive manufacturers, eliminate customer complaints and increase their profits. She has worked in the automotive supply chain since the 1980s when she started her career with General Motors.Connect: LinkedIn Name: Terry OnicaTitle: Director, Automotive at QADAbout: For two decades, Terry has been the automotive vertical director of this provider of manufacturing Enterprise Resource Planning software and supply chain solutions. Her career began in supply chain in the late 1980s when she led a team to implement Electronic Data Interchange for all the Ford assembly and component plants.Connect: LinkedInName: Jan GriffithsTitle: President and Founder, Gravitas Detroit About: A veteran executive in the automotive industry, Jan previously served as chief procurement officer for a $3 billion, Tier 1 global automotive supplier. As the president of Gravitas Detroit, Jan provides online courses, speeches, podcasts, and workshops to break the mold of...