Lehigh Risk Management Index: Q4 2022 Report
Q4 of 2022 shows ground breaking results since the creation of the LRMI in the third quarter of 2020. Specifically, there has been a reduction across all 10 categories of supply chain risk as well as a decrease in the average risk index of 65.04. Thus, suggesting an overall reduction in supply chain risk in the 4th Quarter. Economic risk, while decreasing from Q3 significantly, still remains elevated revealing energy costs, price volatility, and labor shortages are still issues companies face.
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