March 04, 2019

2018 EventWatch Summary – Year of Global Uncertainty

Shahzaib Zhan

For corporations with international supply chains, 2018 provided many familiar challenges—from managing the impacts of fires and natural disasters on suppliers and logistics vendors to analyzing the risks that a merger and acquisitions (M&A) could lead a supplier to stop producing certain parts or components. But Resilinc’s 2018 EventWatch data and our qualitative analysis of supply chain issues affecting our customers reveal that highly fluid geopolitical issues— especially the U.S.-China trade conflicts and Brexit—posed some of the most potentially costly and disruptive supply chain impacts in 2018. And early indications are these will continue through 2019 at the least.

As this report was being finalized a few weeks before the March 29 Brexit deadline, Great Britain and the European Union had not reached a trade agreement. This meant that every company importing or exporting across UK/EU borders was facing possible new tariffs as high as 4.5%—multiplied by two or three for products that cross borders multiple times. And delays at new customs checkpoints threatened to derail finely tuned inventory management practices.

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March 04, 2019

Don't Wait for Your Next Crisis

Bindiya Vakil, CEO & Founder, Resilinc

The authors of the World Economic Forum’s 2019 Global Risks Report pose the question, “Is the world sleepwalking into a crisis”, at the beginning of their sobering description of an economic and political climate in which “global risks are intensifying [while] the collective will to tackle them appears to be lacking.” Of utmost concern, according to the report, are the “geopolitical and geo-economic tensions” that are creating turmoil and uncertainty in trade and investment relations between countries.

This will be no surprise to supply chain management professionals who are grappling with tremendous uncertainty about the future of trade relations between China and the United States and between Great Britain and the European Union.

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October 17, 2018

Statutory Warning – Peak Months of Hurricane Season

Ritmbarah Arora

A Category 4 hurricane is a major concern for businesses that need to keep a count of their inventory and don’t want their suppliers to face any shortages. Storms become more active during the months of August, September and October. It has been estimated that 2018 will witness around 10-16 named storms. A storm that reaches hurricane status is one where winds are at least 74 mph. A major hurricane is one that reaches category three which comes with winds of at least 111 mph.

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July 20, 2018

Evolutionary Journey to Supply Chain Management

Glenn Jones

Surveying the Way to Effective Business Continuity Programs

As customer demands, ISO Standards, other regulations, and disruptive events continue to increase the pressure on 21st century enterprises, the need to develop well-defined and practicable business continuity plans becomes harder to overlook.

Many organizations are taking first steps on the journey to create mitigation plans that can be applied in times of crisis. However, based on the growing demands to incorporate, strategic planning and procurement decisions too are vital inclusions in these programs—yet are all too frequently neglected.

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July 19, 2018

The BCP Evolution: From Dusty Documents to Real Resiliency

Glenn Jones

A few years ago, I was assigned responsibility for maturing a business continuity program (BCP). During the program’s creation, I had the opportunity to meet a number of business continuity leaders, many of whom had developed world-class systems for business continuity management.

As part of the discovery process for my program, I asked many questions, some of which were similar to those listed below, and addressed the very basics of the BCP discipline:

  • What were the first steps taken in your organization’s business continuity journey?
  • What key items did you classify as “must-haves” in the program?
  • What standard did you establish as the basis for your program?
Of course, there were many more questions besides these and indeed, I received a wealth of input from various silos across a large number of companies.  Certainly, it was enough to highlight the many considerations for establishing an organizational BCP-expansion roadmap.
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June 04, 2018

Resilinc Predicts Capacity Shortfalls, Further Raw Material Price Increases for US Manufacturers

Grover Righter, Chief Marketing Officer, Resilinc

Resilinc predicts that if Chinese demand for US products materializes as projected, manufacturing companies in the US will begin to experience shortages, both of workers and raw materials. These shortages may jeopardize the ability of manufacturers to fulfill the increased demand.

Indeed, on the logistics side of the supply chain, labor shortfalls are already evident, as a lack of truck drivers leaves companies unable to meet current levels of demand for products made in the US—never mind those potentially inflated by China in the near future.

A Downward Unemployment Trend

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May 24, 2018

Why Brexit has the Automotive Industry in Tiers of Uncertainty

Simon Lucas

The Automotive Industry is in Tiers of Uncertainty over Brexit

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May 18, 2018

Resilinc Predicts Capacity Shortfalls for US Manufacturers

Bindiya Vakil, Robert Kyle, Joe Carson

 

Understanding supply chain dependencies and the potential impact of trade wars between U.S. and China, and how you can draft an action plan to proactively respond to tariffs imposed by both countries

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April 11, 2018

R-Score: Benefits & Impact on Supply Chain Risk Management

Simon Lucas

 

Musings on a Metric: Supply Chain Risk Management with R Score

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October 10, 2017

Catalonia Independence Crisis & Supply Chain Monitoring

Matt Mills, Shubhi Dixit and Barry Hochfelder

Many economic, capacity and labor challenges resulting from the independence process could cause serious issues for supply chains dependent on Spain and beyond

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