Browsing: Risk Management

While there is no comparison to the human suffering and tragedy, the Ebola crisis does have some lessons to be learned from a Supply Chain Risk Management perspective. We discussed some of them as they relate to the “Ebola response” Supply Chain here and here but there is also the risk associated with Supply Chains that are supported in West Africa – a prime example being Cocoa.

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We had recently written about the Ebola catastrophe and how it was poised to jump borders and go from an epidemic to a pandemic.  While not yet a pandemic (thank your favorite god), it has not yet been brought under control and continues to spread.  Spain just had…

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By now it is obvious that the Ebola epidemic (regional) has the potential to turn into a pandemic(global).  Every agency (WHO, CDC etc. etc. ) has been extremely vocal about the threat.  Not only is the virus spreading but it is also mutating.  New strains are already emerging…

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A retail giant was recently the target of the largest hacking operation in history. The name is not important as the story is equally applicable to many other companies. And those of you who have been through the advanced curriculum of our Strategic Sourcing/Supply Chain “University” will remember the discussions in the Risk Management class on this topic. The best designed Risk Management solutions (consonants) are worth nothing unless they are adopted by the organization (vowels).

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Imagine this scenario:  There is a YouTube video of one of your signature products being made in the most heinous way with the most hideous raw materials that has suddenly gone viral and your overall sales are taking a big hit.  Your marketing and sales department has already…

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Just like the awards season in the entertainment industry, this is also the season for the really smart people to summon the masses and issue their proclamations for the upcoming year. And I must admit, it is a fun exercise and at minimum it makes you think about some issues that typically don’t get as much attention like 3D printing. This year is no exception – except a big glaring one!! One of the groups of really smart people who get paid lots of money to issue proclamations like this (Gartner) for IT executives had this to say:
By 2020, the labor reduction effect of digitalization will cause social unrest and a quest for new economic models in several mature economies.

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