This obscure supply chain theory has conquered the world — but has it gone too far? | ABC
"This has been a really strong evolution going from the 80s, the 90s, the 2000s, to take fat out of the supply chain, to tighten down everything," says supply-chain management expert Rich Weissman. He says in the past 10 years companies have come to really rely on analytics to fine-tune supply chains to make sure that supply and demand absolutely line up. And that's where I think we've gone too far.”
Rethinking Supply Chain Risk in the “Never Normal” World | SDC
The heavy dependence on China across industry verticals is an obvious example of the sole-sourced nature of today’s supply chains.
The Garmin Hack Was a Warning | Wired
Green Swan 2 - Climate change and Covid-19: reflections on efficiency versus resilience | BIS
"It suggests that climate-related risks and pandemics such as Covid-19 have similarities. Both are massive global negative externalities and both are related to changes in our natural ecosystems. In addition to the extensive economic and financial damage they both produce, both directly affect human lives and thus could be classified as Green Swans. And, for both, there is a discrepancy between how scientists warn us about the quasi-certainty of their occurrence and how we fail to systematically consider their potentially huge costs and integrate them into risk frameworks and final prices."
ASIC update guidance on climate change related disclosure
‘While disclosure is critical, it is but one aspect of prudent corporate governance practices in connection with the mitigation of legal risks. Directors should be able to demonstrate that they have met their legal obligations in considering, managing and disclosing all material risks that may affect their companies. This includes any risks arising from climate change, be they physical or transitional risks.’ Mr Price said.
Transport chaos across England and Wales after major power cuts | The Guardian
10 Years Later: Lessons From Hurricane Katrina
Risk & Insurance | 19 August 2015
Underwriters are modeling storms better and businesses are revamping their business continuity plans – but memories can be short.
Hurricane Katrina 10th Anniversary: Lessons Learned and New Business Risks Highlighted in Allianz Risk Bulletin
Business Wire | 18 August 2015
Four thousand lives lost during the 2005 hurricane season, 80% of the city of New Orleans flooded, US $125 billion in overall damages and 1.7 million insurance claims filed: Hurricane Katrina, which struck the Gulf Coast on August 29, 2005, remains the largest-ever windstorm loss. To mark the 10-year anniversary of Katrina, a new risk bulletin from Allianz Global Corporate & Specialty (AGCS) Hurricane Katrina 10: Catastrophe Management and Global Windstorm Peril Review analyzes windstorm risks and losses and examines the business lessons learned from Katrina for future global windstorm loss mitigation, given increasing weather volatility.
6 Items for Your Disaster Recovery Checklist
EdTech Magazine | 17 August 2015
Significant portions of the country are at risk for severe weather and other natural disasters this fall, yet too few colleges and universities have thought pragmatically about the potential consequences to their IT infrastructure.
Business resilience lacking in most firms, finds Accenture
Computer Weekly | 4 August 2015
Nearly two-thirds of companies are hit by cyber attacks daily or weekly, yet only a quarter always incorporate measures in their technology and operating models to make them more resilient, a survey shows.