Archive for Supply Chain Risk Management – Page 2

Rethinking Supply Chain Risk Management

One of my predictions for 2012, in the aftermath of the Japan earthquake and Thailand floods in 2011, was that supply chain risk management would become a higher priority for companies. While I’m sure some companies took proactive action to define and implement supply chain risk management practices, many more did not. Then Hurricane Sandy hit in October and companies that had failed to “walk the talk” on risk management experienced significant supply chain disruptions, […]

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Guest Commentary: Superstorm Sandy – A Grim Reminder That Supply Chain Resiliency is a Top Priority

Last week, I was fortunate enough to speak at the Evergreen Packaging Carrier Conference – a world class event with great people, I might add. One of the topics we talked about was risk management and scenario planning. I endeavored to make the point that all too often risk management was overly focused on legal or compliance scenarios. How do I ensure we don’t get sued? How do I make sure we are compliant? These […]

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Guest Commentary: Beyond Sustainability to Supply Chain Resilience

Businesses around the world are increasingly becoming more vocal and active around “sustainability” issues and managing the breadth and depth of the “carbon footprint” generated by their operations. While both of these terms are getting lots of airplay, what they really point to is the need to plan for greater “resilience” in supply chain design, management and execution. How resilient are you in your thinking, and does that reflect itself in your supply chain’s processes […]

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Supply Chain Integrity is Not Discussed Publicly

There are certain supply chain topics that are rarely discussed publicly. “Supply chain integrity” is one of them. Companies don’t want to admit that their products are being counterfeited, or that theft and grey market diversions are hurting profitability. They also don’t want thieves to know about the security measures they are taking to protect their products. At the Supply Chain Integrity track at ARC’s forum earlier this month, we conducted a think tank session […]

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Guest Commentary: Preventing Cargo Theft in the Supply Chain

Today’s economy is driven by a global supply chain where goods move around the world 24/7. As supply chains grow more complex, so does the ability to secure goods. One of the biggest challenges affecting businesses today is cargo theft, and the resulting potential disruption of the supply chain. How large is this problem? While difficult to quantify, the FBI estimates cargo theft amounts to $15 to $30 billion a year. However, this figure does […]

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The Catch-22 of Supply Chain Risk Management

One of my favorite books is the classic “Catch-22” by Joseph Heller. In the book, the main character, Yossarian, is desperate to find a way to avoid combat missions. Those missions, in the long run, would almost certainly get him killed. So, he wanted to be classified as insane to avoid those missions. “There was only one catch and that was Catch-22, which specified that a concern for one’s safety in the face of dangers […]

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Guest Commentary: A Lesson from Japan Earthquake: Countries Can Be Critical Paths

It goes without saying that in manufacturing, often the company with the shortest lead time is the winner; whoever gets the hottest new product to market the fastest gets the trophy at the end of the race. Our customers have it down to a science, but bumps still come up from time to time. There’s a term they use to describe the part of a product that drives the overall lead time, called the “critical […]

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The Advancing Field of Supply Chain Risk Management

I received a newsletter from the Supply Chain Risk Leadership Council (SCRLC) and it made me realize how much this field is starting to advance. SCRLC has developed a very nice way of categorizing supply chain risk management (SCRM). They view it as being composed of five distinct disciplines: Preparedness, Continuity, and Recovery Planning; Regulatory & Security; Supply Chain Resiliency; Risk Assessment and Monitoring; Supply Chain Incident Detection and Crisis Management. The council’s goal is […]

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Guest Commentary: Reducing Risk with Automated Asset Visibility in the Oil and Gas Supply Chain

Global oil and gas supply chains – upstream, midstream and downstream – are large, complex, and asset-intensive and require a number of interdependent logistics partnerships. Except for perhaps the military in times of conflict, few if any other sectors must rely so heavily on their supply chains to ensure that operations are flowing smoothly. Increasingly, those involved in the oil and gas supply chain realize the importance of having real-time visibility of critical supplies – […]

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Hurricane Earl, Cancer, and Statistics

As I write this, Hurricane Earl is chugging up the East Coast. I live in Boston; we don’t yet know if the hurricane will hit our area or whether we will just get much needed rain. The waiting has got me thinking about the weather related risks of global warming.  Scientific consensus is that global warming is real, and that in addition to warmer mean temperatures, we will also experience more extreme weather events—i.e., more […]

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