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All posts tagged
global risks
 2009/11/09  Just out a few days ago, Single Point of Failure is a fascinating read. The author, Gary S. Lynch, is Global Leader, Supply Chain Risk Management Practice at Marsh Consulting, so he knows what he is talking about. The book’s tagline reads “The 10 Essential Laws of Supply Chain Risk Management” and what Gary Lynch is trying to convey is that there are certain basics every manager should know, understand, and act upon. Lynch breaks down Supply Chain Management into ten basic laws, neither founded in academic theories or mathematical formulas, but simple basic principles that anyone can appreciate.
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2009/06/06  The Handbook of Global Supply Chain Management is an excellent book. My interest in it stems from the fact that it contains a chapter on risk management. It was after reading Manuj and Mentzer’s articles on Global Supply Chain Risk Management and Global Supply Chain Risk Management Strategies that I came across this book, when searching for more papers from Mentzer and/or Manuj, and naturally, I decided to see if there was something on supply chain risk in it. There was.
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2009/03/04  Global supply chains are increasingly becoming more vulnerable to potential disruption to trade, says Aon, one of the world’s leading providers of risk management services, insurance and reinsurance brokerage. Every year, Aon publishes a political risk map, and in 2009 the number of countries tagged with ’supply chain vulnerability’ has increased from 38 to 54 due to risks ranging from government embargo or interference with a supplier through to strikes, terrorism and sabotage.
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2009/02/18  How will the current financial downturn affect supply chains? That’s what we all wonder about, isn’t it? I was hoping that the annual Global Risks report, published by the World Economic Forum would shed some light on that, picking up on their 2008 subject, Hyper-optimization and supply chain vulnerability: an invisible global risk?. But, the 2009 report did not follow up that particular subject, it went in a different direction, taking a broader look, not a certain industries or sectors or parts of the economy, but looking at whole countries and their risk preparedness. What the financial crisis has shown, is that the globalized world is interconnected.
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2008/12/01 Is the temporary shut-down of Bangkok’s two international airports important in a supply chain perspective? Yes, definitely yes and absolutely yes. Why?
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2008/11/02  In my post two days ago, reviewing the article by Manuj and Mentzer (2008) titled Global Supply Chain Risk Management, I mentioned that they cited a paper by Ghoshal (1987) titled Global Strategy: An Organizing Framework as one of their references for listing risk management strategies. Today, I will take a closer look at that paper. The word “supply chain” doesn’t even appear once in Ghoshal’s paper, but why is this paper so interesting in a supply chain risk perspective?
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2008/10/12  In my post on Hyper-optimization and supply chain vulnerability: an invisible global risk? I highlighted some of the issues in Global Risks 2008, a report prepared by the World Economic Forum. It is now frightening to see how true the predictions in this report were:
From a relatively positive picture of the stability of the world economy in early 2007, the world is entering 2008 under conditions of considerable economic uncertainty. The possibility of a US recession has undoubtedly increased, but there is considerable debate as to how this would impact global prosperity.
I don’t think there is much debate anymore. The impact is being felt worldwide, and has dominated the news headlines during the last weeks, each day revealing an ever-worsening picture of the crisis, even in my own country, where the Norwegian government today announced drastic measures.
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2008/07/02 Supply chain disruption – a global issue?
All companies and governments dependent on external suppliers are exposed to the risks of disruption in their supply chain. But the extent and complexity of current global supply chains mean that the problem of supply chain management is not limited to a single enterprise or industry: even a relatively small supply chain disruption caused by a global risk event may ultimatelyhave consequences across the global economic system.
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2008/06/25 In A risky business? The top 10 challenges of offshoring the Director of Global Sourcing at EquaTerra, Sridhar Vedala, explores the top 10 challenges of offshoring today and provides suggestions on how to tackle them head on:
- Internal organisational barriers
- Choosing the right location
- Choosing the right supplier
- Cultural compatibility
- Procurement of hardware and software licences
- Loss of control and knowledge transfer
- Data security
- Building a retained organisation
- Controlling cost overruns
- Service providers failing to deliver
Let me briefly recap his main arguments for each of the 10 challenges:
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2008/06/17 The book Strategies for Building Successful Global Businesses , by the INSEAD-Wharton Alliance on Globalizing, contains 6 articles on managing risk and uncertainty. Today I will look at one of these articles that deserves further mentioning: Managing risk in global supply chains by Paul W. Kleindorfer and Luk N. van Wassenhove.
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