Category Archives: Security

How to Hedge Against a Greece-Like Crisis

How to Hedge Against a Greece-Like Crisis

No one knows for sure how Greece’s financial crisis will impact the global economy over the long-haul. However, what companies can expect is instability in some form or other, such as volatile prices and fluctuating currency values within the Eurozone and beyond. Companies have developed financial hedging tools such as long-term, fixed-price contracts with suppliersRead More

Wanted: Innovative Responses to a New Security Threat

The recent cyber attacks and security breaches at Target and Home Depot drew executives’ attention to the vulnerability of their companies to this type of crime. The incidents exposed some 40 million and 56 million credit cards respectively, and in the case of Home Depot, occurred despite the company’s best efforts to protect the firm.Read More

When the Heavy Hand of Government is Not a Burden

When the Heavy Hand of Government is Not a Burden

I’m no fan of Big Government, but there are some cases where a system-wide view is much more efficient than a localized, distributed view. An example in the supply chain space is US maritime policy. A broader, and more topical example, is managing the Ebola crisis. Americans have an almost visceral dislike for large, centralizedRead More

How Are Counterfeit Drugs Procured?

The infiltration of fake medicines into the pharmaceutical supply chain is a major problem, and conventional methods for detecting fake medicines are generally inadequate. Research at the MIT-Zaragoza International Logistics Program, Zaragoza, Spain, is investigating why drug dispensers such as clinics and pharmacies might acquire fake drugs. The research explores a new approach to combatingRead More

Crossroads Targets Supply Chain Cyber Crime

The recent theft of payment card data from retailer Target that impacted some 40 million credit and debit card accounts threw a spotlight on the vulnerability of online commerce to hacking. Target’s misfortune also serves as a timely reminder of the vulnerability of supply chains to cyber crime. These risks will be explored at MITRead More