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Supply Chain Risk Management & Supply Chain Resilience: Is There a Difference?

Posted by Wayne Caccamo on Mar 3, 2016 9:51:54 AM

I hear the terms supply change risk management (SCRM) and supply chain resilience used interchangeably by industry practitioners, stakeholders, solution providers, and industry analysts alike. So, are we essentially talking about the same thing or do we invoke one term over the other in certain circumstances to convey something different?

For all practical purposes, both terms describe the same business discipline and process and, as such, cover the same ground when you break down the concepts into its various components. However, the message that they each evoke is very different. They both describe the same “glass”, but one describes the glass as half-full (resilience) and the other half-empty (SCRM).

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Topics: supply chain resiliency, supply chain risk management, supply chain event monitoring

Global Supply Chain Resiliency Council Names 2016 Award Winners

Posted by Neil Shenoi on Feb 29, 2016 5:18:47 PM

The winners of awards for supply chain resilience and risk management excellence were honored by the Global Supply Chain Resiliency Council at its annual event which took place on Wednesday, February 24th, 2016, at the Sheraton Palo Alto, in Palo Alto, California. This year’s event attracted over 100 attendees from all over the country. There are now almost 1,100 general members of the Resiliency Council.

Its goal is to bring together supply chain risk management (SCRM) and resiliency practitioners with industry experts and thought leaders to advance the professional discipline through opportunities to collaborate, develop and share best practices, and be recognized for innovation and leadership. The awards program is one of the key elements of the Resiliency Council’s strategy to accelerate enterprise adoption of supply chain risk management and resiliency as a professional discipline and mission-critical business process.

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Topics: supply chain resiliency, supply chain risk management, supply chain event monitoring

Join the #Resiliency2016 Conversation on Twitter!

Posted by Neil Shenoi on Feb 26, 2016 5:15:21 PM

Yesterday marked the conclusion of the 2nd annual Global Supply Chain Resiliency Council conference and awards event. With over one hundred supply chain practitioners in attendance from around the world, the amount of collaborative knowledge and best practices shared made it an event for the books (at least, within the supply chain community!). Some of the most brilliant minds in the supply chain risk space, from IBM's Lou Ferretti to MIT's Yossi Sheffi to Amgen's Patricia Turney, presented their takes on global supply chain risk and resiliency. As the event was held over two days, the hashtag #Resiliency2016 emerged early on during the conference and gained momentum in the Twitterverse. 

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Topics: supply chain resiliency, supply chain risk management, supply chain event monitoring

Taiwan Earthquake Supply Chain Impact Analysis White Paper

Posted by Neil Shenoi on Feb 17, 2016 3:10:25 PM

Around 4 a.m. on February 6th, a 6.4 magnitude earthquake rattled southern Taiwan at the start of Lunar New Year, the island’s largest nationwide holiday. With a current death toll of 114, it is the deadliest earthquake to hit the island since the “921 Earthquake” of 1999. Taiwan is the world’s leading producer of semiconductors and integrated circuits (IC), and high tech companies are wondering how this earthquake could affect the global electronics supply chain. While initial reports of the quake emphasized minimal damage and interruption to the major chip foundries concentrated in southern Taiwan, there are less apparent global supply chain impacts that will likely be felt in the near future.

Resilinc has released a white paper analyzing the recent earthquake and the forseeable supply chain impacts. This analysis is organized into five parts:

  • Summary of the earthquake event
  • Review the global importance of the Taiwanese IC industry
  • Examination of the confirmed impacts to chip manufacturers on the island
  • Discussion of interruption risk factors associated with modern chip fabrication plants
  • Recommendations on how to mitigate impact to supply chains for future similar events
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Topics: supply chain resiliency, supply chain risk management, supply chain event monitoring

Resilinc Publishes 2015 EventWatch® Supply Chain Disruption Annual Report

Posted by Neil Shenoi on Feb 3, 2016 11:19:57 AM

Resilinc has published its 2015 supply chain events annual report which summarizes and analyzes nearly 750 unique supply chain alerts and notifications generated by the EventWatch® 24x7 global event monitoring, alert, and analysis service in 2015. 2015 saw a high-level of disruptive supply chain event activity as several significant events occurred throughout the year, from the major chemical explosions at the Port of Tianjin to numerous chart-topping typhoons in the critical Asia-Pacific region and the arrival of El Nino in the latter half of the year. Evident in the report, numerous geo-political, macro-economic, social/technology and environmental trends continue to impact global supply chain continuity.

The annual report analyzes global supply chain incidents and trends according to risk type, industry, geography, severity, and seasonality, comparing 2015 data in these categories with 2013 and 2014. The report also includes the EventWatch Top 5™  Supply Chain Events for 2015, a key takeaway for supply chain practitioners. In this post, we provide an overview of the report; however, for a closer look at our data graphs, trend charts and analyses, check out the full EventWatch Annual Report.

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Topics: supply chain resiliency, supply chain risk management, supply chain event monitoring

How Can Sun Tzu’s The Art of War Help Your Supply Chain Resiliency Planning?

Posted by Neil Shenoi on Nov 11, 2015 10:16:00 AM

Before else, let’s be clear – supply chain resiliency and military engagement are not the same thing. Hundreds of years ago, during times of mass territorial warfare in historic China, Sun Tzu wrote The Art of War as a wise compendium for the keen general on how to better manage an army, outwit an enemy, and minimize casualties on the battlefield. The Art of War preached proactive strategies to most efficiently conquer an enemy and minimize losses. Interestingly enough, much of Sun Tzu’s insights are useful when appropriated to the context of supply chain resiliency. For us supply chain geeks, there are too many nuggets of wisdom related to modern supply chain risk management for a keen business manager to pass up.

So let’s reassemble the context: think of supply chain disruptions as the ‘enemy,’ the global terrain of your supply chain as the ‘battleground,’ and the ‘war’ is establishing supply chain resiliency while anticipating the risks associated with a complex web of materials and services through informed precision. In our context, supply chain resiliency planning is not the process of working through pre-established lists, but the necessity of quick and appropriate responses to changing conditions.

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Topics: supply chain resiliency, supply chain risk management, supply chain event monitoring

Rethinking Black Swan Events for Modern Supply Chain Risk Management

Posted by Wayne Caccamo on Oct 29, 2015 8:30:00 AM

Black swan supply chain events have been traditionally associated with (if not formally defined as) improbable, rare, or unlikely events that have severe or even catastrophic business impact. However, as a result of a number of socio-economic factors it’s time to update our view of black swan supply chain events.

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Topics: supply chain risk management, supply chain event monitoring, SCRM Best Practices

Hurricane Patricia: The First Supply Chain Event Definitively Connected to El Niño

Posted by Wayne Caccamo on Oct 26, 2015 10:23:00 AM

Hurricane Patricia – the strongest hurricane ever recorded in the western hemisphere – made landfall on the Pacific coast of Mexico on Friday, October 23rd, around 6:15 p.m. local time. The supply chain event impact, while still being assessed, clearly can be characterized as minor, especially when compared to relatively recent historic extreme weather events such as Hurricane’s Katrina and Sandy and other “acts of god’ such as the Japan Earthquake and Tsunami and the Thailand floods of 2011. It is nevertheless significant as it represents the first weather event with the potential to impact supply chains that can be definitively linked to the El Niño weather pattern.

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Topics: supply chain risk management, supply chain event monitoring, El Nino

Snapshot: Recent Supply Chain Events in Life Sciences & Biotech Industries

Posted by Wayne Caccamo on Oct 23, 2015 2:51:15 PM

We just prepared a report for Rx-360 leadership on potential supply chain disruption events over a recent three-and-one-half week period of time. The supply chain events were all detected and reported by our 24/7 EventWatch® global event monitoring and analysis service. I thought I would share some data we rolled up over this “snapshot” period of time. It sheds some light on the frequency and diversity of types of events that hit the life sciences and biotech global supply chains every day.

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Topics: eventwatch, supply chain event monitoring

Plan for El Niño’s Impact to Panama Canal Operations to Continue

Posted by Natalia Kosk on Oct 7, 2015 1:37:00 PM

While weather conditions for vessels operating in the Panama Canal recently improved, it may still be too soon to predict the final supply chains impacts which companies that depend on the canal face as a result of El Niño.

Based on recent El Niño-related weather developments in the Pacific Ocean, some reports indicate that this El Niño could rank as the strongest on record. Companies with operations in the Panama Canal may consider proactive measures to prevent supply chain disruptions and delays throughout the duration of El Niño, set to last until early Spring 2016.1

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Topics: supply chain visibility, supply chain risk management, supply chain event monitoring, El Nino


The Leading Provider of Supply Chain Resiliency Solutions

Resilinc is the leading cloud provider of supply chain resilience and risk management intelligence and analytics. Industry leaders like Amgen, GM, and EMC rely on Resilinc to mitigate risks end-to-end, while achieving long-term competitive advantage, and building brand and shareholder value. Resilinc’s flagship SCRM solution platform and services deliver the fastest time-to-value and the lowest resource impact. It accomplishes this by providing the world’s largest repository of supplier and part intelligence leveraging the power of our “LinkedIn” supplier community; the most robust set of dashboard visualization and patent-pending analytic functionality for proactive planning and risk quantification; and the only solution that personalizes your impact analysis by automatically connecting incidents with your supply chain map so you don’t have to.

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