By: Robert J. Bowman, SupplyChainBrain June 26, 2015
Bad things are bound to happen in your supply chain. Are you ready for them?
Recent history demonstrates how vulnerable companies are to disruptions in their supply chains. Whether it's a flood, tsunami, earthquake, volcano, disease, port strike, data breach, or any number of other potential disasters, the impact on global organizations is immense. Yet many seem not to have got the message. What's gone wrong? Where are companies most vulnerable today? What must they do now? We get answers to these and other questions in our conversation with Chloe Demrovsky, executive director of the Disaster Recovery Institute International. She details the cost of unpreparedness, as well as some of the misconceptions that companies harbor about the types of disruptions that entail the highest costs. Time to do away with what Demrovsky calls "risk psychology" – the notion that "It's never going to happen to me." Hosted by Bob Bowman, Managing Editor of SupplyChainBrain.
Look for a new episode of the podcast, which can be downloaded or streamed, every Friday on the SupplyChainBrain website and iTunes.