Research - 15.10.2024 - 10:30
Many manufacturing companies today operate globally distributed production networks in which value creation processes are closely linked across several locations. However, this dependence on international networks also makes companies susceptible to disruption. Current geopolitical conflicts and socio-economic developments have highlighted the fragility of these networks. In order to remain competitive in the long term, companies must be able to react to external influences at an early stage and make strategic decisions based on sound risk assessments.
But how can country risks be recognised and future risks better managed? The Innosuisse-funded research project is investigating this question. The Institute of Technology Management (ITEM-HSG) at the University of St.Gallen has teamed up with the Institute of Accounting, Controlling and Auditing (ACA-HSG) as well as the practice partners Endress+Hauser, Phoenix Contact, Weidmann and IT-Logix. As part of the project, IT-Logix developed a dashboard with two features:
Integrated into a software solution, the newly developed approaches enable the data-based analysis of country risks at various levels. By being able to map scenarios for future country developments, companies can make more informed strategic decisions on product allocation and location selection and thus pursue a more robust risk management strategy. The most important results at a glance:
The results of the project will be discussed with industry experts at the St.Gallen Production Management Conference on 15 and 16 October 2024. The project team is open to new project partners who are interested in innovative approaches to risk management in order to jointly develop further progress and practical solutions.
Image: Adobe Stock / it-logix.ch