Wal-Mart manages global supply risk

AUSTIN, Texas Wal-Mart has selected Strategic Forecasting to assess and rank security risk for countries in its global supply chain. According to the company, Wal-Mart is now requiring its supplier's to use Strategic Forecasting's Supply Risk Monitoring service.

Under the agreement Strategic Forecasting 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 the service 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.

George Friedman, founder and ceo of Strategic Forecasting 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.”