Economics

BPI, Pink Slime and Velocity of Risk

At a gathering of SC executives yesterday I mentioned the Velocity of Risk concept and use the current BPI case as an example of why understanding this concept is important. Here we have a company making a perfectly legal product that in the space of a few weeks finds itself questioning it’s very survival, all […]

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Economics

Risk Metrics: VoR (Velocity of Risk) in Managing SC Risk

VoR, or Velocity of Risk, is a concept that appears now and again and discussions of risk management. The basic concept is that in addition to the impact of a risk event, one also wants to understand the velocity at which that event reaches a given level of impact once certain conditions have been met. […]

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