Will Your Supply Chain Risk Surprise You?
What happens when you have a break in your supply chain? Do you have contingency plans in place to mitigate business interruption?
What happens when you have a break in your supply chain? Do you have contingency plans in place to mitigate business interruption?
California wildfires have the potential to disrupt the flow of US commerce. A report from the Wall Street Journal quoting Lisa Anderson. California wildfires have the potential to disrupt the flow of US commerce. A report from the Wall Street Journal quoting Lisa Anderson.</div>Supply chain risk has increased exponentially [...]
Commercial operators were scrambling to keep goods moving as a massive wildfire east of Los Angeles shut down one of the nation’s major freight corridors.
Think about treating your customers (both internal and external) like you are thrilled to be doing business with them and /or working with them.
Flood damage on Interstate 10 in California, leading to a state of emergency and significant disruptions to traffic and supply chains.
What have you been thinking about trying but were concerned about unintended consequences? What risk have you been thinking about? Does it have a shot of success without causing significant damage?
Keeping up with the latest supply chain trends can be invaluable for your career and your company success.
Whether you have supplies or products waiting at the port, I'd take this as an opportunity to be strategic in thinking about supply chain design.
I always look for trends as I find that the 80/20 of success comes from watching and proactively addressing trends.
Businesses face many hurdles—some we can control and others we cannot. How we manage risk is what determines our success.