When you work with a manufacturer in China, Vietnam, or India, do you wonder about the risks they run and whether they have insurance for manufacturers to protect against them? If they are hit badly, and you depend on them for continuity of supply to your customers, both you and your customers may be hit badly too. (See an example in this article where Ford Motor Company evaluated the time to recover, and the financial impact if each of their suppliers' operations is disrupted.) Here are … [Read more...]
Richard Barnett | Electronics Supply Chain Risk Management in 2021 [Podcast]
Let's hear from an electronics supply chain expert about how to improve supply chain resilience and reduce risks... Richard Barnett of Supplyframe, an expert in electronics supply chains with decades of experience in Asia, joins Adrian to discuss risk management & reduction in the global electronics supply chain. After the year many importers of electronics had in 2020, reducing risks, improving supply chain agility and resilience, and planning ahead as standard has now become more … [Read more...]
Supply Chain Risk Management, Part 2: The Business Continuity Plan
In this post, let's focus on disaster recovery, and more specifically on the business continuity plan, with a simple example. We will also provide you with a free template. This is the second post in our series of Supply Chain Risk Management, which will come out gradually over the next few months. … [Read more...]