To ensure that reputations and business operations aren’t derailed by a crisis and to reduce impacts to the bottom line, market leaders can handle supply chain risk and disruptions in four steps:  1. Identify & evaluate current risks - identify areas of risk exposure, define possible disruption scenarios and evaluate the severity of each scenario.  2. Prioritize risks by probability & impact - prioritize risks by likelihood; estimate the financial and reputation impacts of each.  3. Develop mitigation contingency plans - start with the most likely and highest-impact risk scenarios. Research regulatory compliance, country risk, economic and political conditions that the suppliers face.  4. Conduct crisis simulations - review high-probability risk scenarios regularly, identify changes in your supply chain and train your team frequently to handle incidents and test their response.