Robustness. Flexibility. Agility. Resilience. One of my concepts that I have found cited more recently is what started out 11 years ago, and what later became in my mind the perfect illustration of these four terms.
The current slowdown in China is due to “near-shoring,” the practice of producing closer to the customer, and NOT as many economists would say, due to a looming economic crisis in China. True?
ISCRIM – 4 years ago it was a very big part of this blog. But – I haven’t completely left supply chain risk territory; rather I’m like standing at the top of the pyramid in Helen Peck’s 2005 article on Reconciling supply chain vulnerability, risk and supply chain management.
The Global Risk Report 2015 highlights and reflects upon a wide range of cross-cutting challenges that can threaten social stability. These risks are additionally aggravated by the global economic crisis and persistent unemployment.Things have not improved since the inception of the Global Risk Reports in 2005, they have in fact turned worse. Local risks have now gone global.
The resilience of any system can be measured by two dimensions: robustness, the extent of system function that is maintained, and rapidity, the time required to return to full system operations and productivity. In essence, pre-disaster mitigation fosters robustness, and post-disaster adaptation fosters rapidity.
The 2015 FM Global Resilience Index provides an annual ranking of 130 countries and territories according to their business resilience to supply chain disruption. Presented both as a report and an online map it is a visually impressive way of conveying an important message: Beware of where you do your business.
Maintaining a blog with more than 500 posts is a daunting task. While a post itself may still be in order eight years after it was written, the links in it however most likely are not. When I revived my blog after three years of hibernation I knew this was going to be a a major problem. It was a problem I created myself in the first place.
Maritime transport is a vital backbone of today’s global and complex supply chains. Unfortunately, the specific vulnerability of maritime supply chains has not been widely researched. Perhaps because it is such an obvious part of today’s supply chains that it is not looked at specifically, and just assumed to be part of the wider picture.
Risk Appetite versus Risk Attitude has brought a whole new perspective on risk and risk management to my attention: How much risk do we want to take? That is risk appetite. How much risk do we think we should take? That is risk attitude
More than 400 papers out of thousands of documents were selected and narrowed down to 70 or so core papers, clearly showing the dominating trends within research into organisational resilience. What to read and what not to read?
Norwegian politicians invest more money in roads in regions overrepresented in the Parliament because the expected political return is higher. And that is why Norwegian roads always have been, currently are and forever will be, a patchwork of high-standard and sub-standard roads.
So I now call myself “Resilience Adviser”. And what do I do? My job is to oversee that the state-managed road network in my region is planned, built, operated and maintained so that it can function 24/7/365, and thus ensure societal safety and societal security.
Resilience. It is not so much about reducing the number of things that go wrong, but it is about improving the number of things that go right. Resilience Engineering rests on responding, monitoring, anticipating and learning. In that order.
Essentially, risk management is all about mitigation, whereas adaptation lays the groundwork for resilience. Risk management is only about preparedness, response, and recovery. By adding adaptation to those three we also add resilience.
This book is a must-have for any serious student or budding research. The book emphasises that research is based on structure and logic. The book teaches by example how to do research. I think that is what makes this such a brilliant book to have and read and put to use.
Truckers caught up in Europe’s migrant crisis say business is increasingly disrupted by queues and stowaways, but they are far more worried governments will step up border controls
In the 3 years that have passed since I changed jobs my blog has not seen many posts. Actually, hardly any posts. Not that there hasn’t been anything to blog about, there has been plenty, but there has been a major lack of inspiration.
Is it possible to devise a simple framework for assessing the resilience of the transport infrastructure? The answer is Yes, and the New Zealand Transport Agency has done so.
The Norwegian Public Roads Administration NRPA is to have an overview of the threats to and the vulnerability of the road network, and work across its own organsation (and together with other agencies) in necessary contingency planning in order to ensure the best possible accessibility under changing conditions and/or possible or actual threats. How?
Perhaps it’s about time to get this blog up and running again? It has been 18 months since my last post, and getting back into blogging will not be an easy task. Nonethless, I have no intentions of letting this blog die.