Wal-Mart Selects Stratfor as Standard for Supply Chain Country Risk Ranking
AUSTIN, Texas — Wal-Mart, the world’s largest retailer, has selected Strategic Forecasting, Inc. (Stratfor) to assess and rank security risk for countries in its global supply chain. The Supply Risk Monitoring (SRM) service (http://srm.stratfor.com) was introduced as a requirement to Wal-Mart’s supplier community in January 2008.
Under the agreement Stratfor will provide Wal-Mart with a comprehensive supply chain security risk monitoring service whereby countries within Wal-Mart’s supply chain are ranked as high, medium or low for risks associated with the supply chain infrastructure. Using a unique analytical methodology Stratfor will monitor and evaluate countries based on risks from terrorism, insurrection, crime, the political and regulatory environment, natural disasters, as well as several other factors related to supply chain infrastructure to produce a quantifiable measure of the actual risk to a nation’s supply chain.
Wal-Mart will use the country risk rankings and associated Stratfor analysis as the basis for determining appropriate supply chain security counter-measures and to provide early warning of emerging threats that could disrupt deliveries of goods to major markets around the world.
George Friedman, founder and CEO of Stratfor, said that “Working with Wal-Mart is a great honor and responsibility for Stratfor. We believe our supply risk monitor tool will enable Wal-Mart to better evaluate the security risk levels of countries it deals with in its supply chain.”
Friedman added that, “Businesses in multiple industries rely on global supply chains of increasing complexity and often no small degree of vulnerability. We developed the SRM offering to help these businesses better leverage the extensive network we have developed across the globe that supports our daily analytical and periodic forecasting efforts.”
About Stratfor
Stratfor is the world’s leading private intelligence company providing individuals and corporations with breaking intelligence, in-depth analysis, assessments and forecasts on global political, economic, security, and supply chain issues. Through its strategic and tactical expertise, Stratfor helps clients protect their assets, diminish risk and increase opportunities to compete in the global market. Stratfor’s services include published intelligence and customized intelligence for private individuals, global corporations, and divisions of the U.S. and foreign governments around the world. More information on Stratfor can be found at www.stratfor.com.
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