There may be no more common external risk facing SC managers today than weather risk. Up and down the value chain, producers, processers and retailers are all impacted in one way or another by climate and climate volatility. Yet only a small number of firms make a serious and consistent effort to model weather risk
At a recent client meeting on SCRM I asked the senior SC executive how much contact he or his team had with the Chief Risk Officer of the firm. The answer was “not much” and then “it’s usually to provide input into an ERM update for the board.” Besides that reporting discussion, I asked, does
In an earlier post I mentioned that we are currently working with Professor Alex Triantis of the Robert H. Smith School of Business to develop a new set of risk metrics. One the metrics we have developed for use in our work is what we call “Supply Chain Cost of Risk” or SC CoR. SC
Good piece in the latest issue of Operational Risk & Regulation on managing physical security risk. A quote: Companies operating in dangerous places need to have structures in place to ensure business continuity. According to Adrian Stones, a director at Alaco, the London-based business consultancy: “It is absolutely critical to understand the landscape in which
Futures, Options Activity Climbs as Farmers, Food Firms Hedge Price Swings
China watchers predicting increasing labor cost have another data point…
BEIJING — Foxconn Technology, one of the biggest manufacturers of products for Apple, Dell, Hewlett-Packard and other electronics companies, said Saturday that it would sharply raise worker salaries at its Chinese factories.
Today, Justin Picard (Chief Scientist at France’s Advanaced Track and Trace) and I submitted a paper for the World Economic Forum’s Global Enabling Trade Report 2012. The focus of the piece is the emergence of product-level supply chain risk management and the use of technology to address this emerging problem. Some highlights from the paper: