Your supply chains may change Supply Chains is a term that at last has entered daily use, but it has taken a global emergency for that to happen. The question for supply chain professionals is whether your supply chains and logistics will need to change when commerce returns to ‘normal’, whenever that will be? When business is in a growth … Read More
Action steps to reduce risks in your supply network
A change in approach to risk While many supply chain professionals will express concern about risks in their supply network, not so many take action to gain some measure of understanding and control over the risks. Given the spread and unknowns associated with the COVID-19 virus, attitudes about risks may change. The previous blogpost discussed two foundation processes for Risk … Read More
Identify the Risks in your company’s supply network
Risk Management – an investment in future events Risks within supply chains are known to exist, but often organisations show little action to understand or address them. Somehow, it is hoped, an inconvenient incident will be overcome and business carries on, although maybe with financial wounds. There are three processes by which the performance of an organisation’s supply chain group … Read More
Big disruptions and their effects on supply chains
The current disruption The COVID-19 virus event has been a supply chain risk waiting to happen. A virus is not a ‘black swan’ event, but a ‘known-unknown’. The potential risks and likely consequences of a new virus were evident at the time of the SARS virus of 2002-3 and the H1N1 virus of 2009. The difference between then and now … Read More
Disruptions may drive your supply network design
An application that was not a success The take-up of technologies by industry not only depend on the business value of a technology, but how and to whom its is sold. If the timing is wrong, there is an increased risk of failure. So it was with Supply Network modelling; introduced with much fanfare in the early 1990s. The concept … Read More