Back in February (which seems to be a long time ago), I wrote that that number 1 manufacturing risk for importers was quality issues and the number 2 was delivery delays. (I also mentioned "lower demand on your market" because we were "getting to the end of a long cycle of economic expansion". That proved to be number 1 risk, actually!) But, let's get back to the suppliers' quality & delivery performance and why short term focus has continued to impact them and their reliability... … [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...]
Supply Chain Risk Management, Part 1: What are VUCA and Black Swans?
We seem to be at a pretty low point right now: Billions of peopleĀ are confined at home. Economists are predicting a disaster and seem to think 2020 will probably be worse than what most of us can remember. The behavior and effects of this novel coronavirus are still partly unknown. It could still mutate and become more dangerous, for example. And, most amazing of all: the situation has been changing dramatically every 1 or 2 weeks. I am starting this new series on supply chain … [Read more...]