Supply Chain Risk Management Discussion.

With recent events many companies are having supply chain risk management discussions. The coronavirus is the latest issue that has caused disruptions in many supply chains. What is your company doing to mitigate risks in the supply chain? Is your company prepared if the coronavirus gets worse? There are some great links below that discuss the impact of the coronavirus on supply chain.

Supply Chain Training.

Supply Chain Quotes.

“There’s no question that the Internet generally, and Netflix specifically, upended the traditional content-distribution supply chain and caused profound changes in the entertainment industry.” ~James B. Stewart.
“It does the American economy no long-term good to only keep the big box factories where we are now assembling ‘American’ products that are composed primarily of foreign components. We need to manufacture those components in a robust domestic supply chain that will spur job and wage growth.” ~Peter Navarro.
“Supply chains cannot tolerate even 24 hours of disruption. So if you lose your place in the supply chain because of wild behavior you could lose a lot. It would be like pouring cement down one of your oil wells.” ~Thomas Friedman.
“The biggest risk is not taking any risk… In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” ~Mark Zuckerberg.
“One of the goals of the Trump administration is to reclaim all of the supply chain and manufacturing capability that would otherwise exist if the playing field were level.” ~Peter Navarro.
“Distributed ledger technologies have the potential to help governments to collect taxes, deliver benefits, issue passports, record land registries, assure the supply chain of goods, and generally ensure the integrity of government records and services.” ~Mark Walport.
“No man is worth his salt who is not ready at all times to risk his well-being, to risk his body, to risk his life, in a great cause.” ~Theodore Roosevelt.