March 04, 2019

2018 EventWatch Summary – Year of Global Uncertainty

Shahzaib Khan

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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May 17, 2017

Massive Ransomware Attack Requires Supply Chain Risk Manager's Attention

Matt Mills & Barry Hochfelder

Last week’s Ransomware attack that impacted more than 300,000 computers in 150 countries, crippling industries in Europe, Asia and South America, should have caught the attention of supply chain risk managers.

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