What is common between Hurricane Katrina, Hurricane Sandy and the Boeing 787(Dreamliner)? I also predicted that the 787 would probably be grounded by the FAA and they did exactly that. While you are thinking about it, let me share some thoughts on them – these are/were disasters of epic proportions that in the case of the 1st two have already caused significant havoc. The impact of the 787 on Boeing is yet to be calculated. You would have thought that the leaders in all three situations would have some kind of risk measurement/analysis/mitigation processes/procedures/studies in place that would have warned them of what might occur and allowed them to take the necessary precautions to either prevent or reduce the event from occurring or have appropriate plans in place to manage the fallout from the event?
Browsing: Hurricane Sandy
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).