‘Prioritise risk assessment, scenario planning to build resilience’

Ronak Shah, Executive Director –V-Trans (India) & CEO of V-Logis said, “Risk management strategies play a critical role in addressing geopolitical risks that threaten global supply chains. Trade restrictions, political instability, and regulatory shifts can significantly disrupt operations. We prioritise comprehensive risk assessment, scenario planning, and diversification of sourcing to build supply chain resilience. By leveraging predictive analytics and fostering close collaboration with stakeholders, we proactively navigate challenges to ensure operational continuity. A strong risk management framework transforms uncertainties into opportunities, helping us maintain seamless service and customer satisfaction. Major disruptors include geopolitical tensions, fluctuating fuel prices, and environmental regulations. Technological advancements are key to mitigating these challenges.”