Category Archives: Resilience

Engineering spare parts supply chains for harsh environments

Engineering spare parts supply chains for harsh environments

Engineering projects carried out in harsh environments require a reliable supply of spare parts. However, providing such a service is challenging when the demand for parts is intermittent and procurement practices lack cohesion. A thesis project completed by Sachin Shedge, a graduate of the MIT-Malaysia Master of Science in Supply Chain Management program, explored theRead More

Automating Supply Chain Resilience Should Be High on Your Digital Agenda

Automating Supply Chain Resilience Should Be High on Your Digital Agenda

Substantial investments in supply chain resilience have enabled companies to vastly improve their capacity for bouncing back after a disruption. But the digitization of supply chains is introducing new demands on company operations that require a different approach to building supply chain resilience. With the benefit of digital technologies, companies are using Big Data toRead More

Does Your Supply Chain Risk Management Strategy Hold Water?

Does Your Supply Chain Risk Management Strategy Hold Water?

Companies have come a long way in their ability to manage supply chain risk, but they urgently need to step-up their efforts in one key area: the threats posed by water scarcity. The Carbon Disclosure Project’s (CDP) 2016 Annual Report of Corporate Water Disclosure, published in November 2016, provides a wake-up call. A total ofRead More

Is Sacking a Customer Worth the Risk?

Is Sacking a Customer Worth the Risk?

The customer is always right – except when you no longer want to do business them. Firing customers is a valid risk mitigation strategy when the business they bring is under threat or unprofitable, or they are out of alignment with your strategic goals. But companies need to exercise extreme caution when choosing such anRead More

The Bankruptcy Risk: Heeding the Distress Signals

The Bankruptcy Risk: Heeding the Distress Signals

Hanjin Shipping filed for bankruptcy on August 31, 2016, creating the largest ever container shipping bankruptcy according to the Journal of Commerce. Aside from this unenviable world record, the sinking of the South Korean shipping line is notable for the scale of the fall out and the lessons we can learn about risk management. InRead More