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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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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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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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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April 03, 2017

How to Handle Increasing Type & Frequency of Supply Chain Events

Hannah Fliesler

It is one thing to read the news to keep up with current events, but how do you know which events are relevant risks to operational performance? Are you hearing about events from other coworkers, suppliers, or even customers days after they have happened? Some events receive an immense amount of news coverage that later reveal little-to-no business impact. However, the most troubling are events with little to no coverage that end up causing industry-wide shut downs. Today we will look at specific examples of both, and what you can do to focus your time and attention on the “right” events.

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October 26, 2016

Hanjin Bankruptcy: Ripple Effect from Shipping into SC

Shubhi Dixit

Just over a month ago, Hanjin Shipping Co, the world’s 7th largest shipping and Logistics Company in the world, filed for receivership on August 31, 2016. Hanjin Shipping Co. bankruptcy caused a major impact not just to logistics and shipping, but to the underpinning global supply chain and its sourcing operations. It has left nearly 80 ships with almost 500,000 containers offshore, with goods worth over $14 billion marooned at sea. The event, considered one of the biggest bankruptcies ever filed by a shipping company, has a disruptive domino effect on the supplier-dense regions of the world, in turn affecting supplier health and sourcing operations.

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September 13, 2016

What Netflix's Show 'Stranger Things' Can Teach Us about Crisis Management

Hannah Fliesler

 

 (SPOILERS AHEAD!!!!)

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August 23, 2016

Choosing the Right Solution Partner for Supply Chain Resiliency

Pramod Akkarachittor

 

 

What I have learned about looking beyond the hype and identifying the partner for the long run.

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