• Advertise
  • Contact Us
  • About Us
  • Supplier Directory
  • SCB YouTube
  • Login
  • Subscribe
  • Logout
  • My Profile

  • CORONAVIRUS
  • LOGISTICS
    • Air Cargo
    • All Logistics
    • Express/Small Shipments
    • Facility Location Planning
    • Freight Forwarding/Customs Brokerage
    • Global Gateways
    • Global Logistics
    • Last Mile Delivery
    • Logistics Outsourcing
    • LTL/Truckload Services
    • Ocean Transportation
    • Rail & Intermodal
    • Reverse Logistics
    • Service Parts Management
    • Transportation & Distribution
  • TECHNOLOGY
    • All Technology
    • Artificial Intelligence
    • Cloud & On-Demand Systems
    • Data Management (Big Data/IoT/Blockchain)
    • ERP & Enterprise Systems
    • Forecasting & Demand Planning
    • Global Trade Management
    • Inventory Planning/ Optimization
    • Product Lifecycle Management
    • Sales & Operations Planning
    • SC Finance & Revenue Management
    • SC Planning & Optimization
    • Sourcing/Procurement/SRM
    • Supply Chain Visibility
    • Transportation Management
  • GENERAL SCM
    • Business Strategy Alignment
    • Education & Professional Development
    • Global Supply Chain Management
    • Global Trade & Economics
    • HR & Labor Management
    • Quality & Metrics
    • Regulation & Compliance
    • SC Security & Risk Mgmt
    • Supply Chains in Crisis
    • Sustainability & Corporate Social Responsibility
  • WAREHOUSING
    • All Warehouse Services
    • Conveyors & Sortation
    • Lift Trucks & AGVs
    • Order Fulfillment
    • Packaging
    • RFID, Barcode, Mobility & Voice
    • Robotics
    • Warehouse Management Systems
  • INDUSTRIES
    • Aerospace & Defense
    • Apparel
    • Automotive
    • Chemicals & Energy
    • Consumer Packaged Goods
    • E-Commerce/Omni-Channel
    • Food & Beverage
    • Healthcare
    • High-Tech/Electronics
    • Industrial Manufacturing
    • Pharmaceutical/Biotech
    • Retail
  • REGIONS
    • Asia Pacific
    • Canada
    • China
    • Europe
    • Latin America
    • Middle East/Africa
    • North America
  • THINK TANK
  • WEBINARS
    • On-Demand Webinars
    • Upcoming Webinars
  • PODCASTS
  • VIDEOS
  • WHITEPAPERS
Home » Being Safe Is Not So Easy

Being Safe Is Not So Easy

March 13, 2015
SupplyChainBrain

Supply chain risk management has traditionally been about the risks associated with the production, receipt or use of quality goods and services in your supply chain. The word "security" added to the mix brings a whole new dimension – fear that there is a threat to the supply; it will hurt our business, employees, customers and suppliers; and/or that it will impact our economic circumstances. Security implies there is a new level of scrutiny and safety, not just the standard supply chain risk management practice.

Our supply chain security is even more threatened by cyberattacks, regulatory compliance, terrorists, geopolitical concerns, lack of supply visibility beyond tier one suppliers, demand volatility and inadequate visibility across the entire supply chain. Security is what we desire from the risks that threaten our supply chains. Reducing vulnerabilities requires a focused effort.

• We must understand where we are vulnerable. Is it physical, cyber, social, natural disasters, demand, suppliers, compliance or something else that we haven’t even thought about yet? A vulnerability analysis will help us understand what is at risk.

• Knowing our vulnerabilities allows us to plan and thwart the risks. The plan must be integrated into our overall business plan and strategy for our company. Without it we risk exposure that can hurt our brand.

• Executing the plan requires the right resources. We need people with the right skill sets to move us forward; business processes that alert us to current and potential issues; and technology that can model and do what-if analysis, predict outcomes based on multiple scenario planning and give us the opportunity to test and retest our theories so we implement the right strategies and tactics.

• Measuring our results from vulnerabilities to plans to execution will keep us on our toes and open to improvements. Improving our methods will make us more secure in our thinking.

• Benchmarking other organizations across every security and risk known by them and others, and in as many industries as possible, will reduce our false sense of security and complacency.

• Reporting our findings to our organization and keeping our executives apprised of our efforts brings more transparency.

Supply Chain Insights found only 20 percent of companies report material disruptions in their financial reporting. Obviously, reporting the negatives can have adverse effects on shareholder value but so does a false sense of security in supply chain security and risk management.

The Outlook

In 2015, expect to see more security issues across the enterprise and the supply chain. The stakes are higher with more complexity in our world and also with our ability to monitor and solve the vulnerabilities in our supply chains. It is only a matter of time before another business identifies a security breach; how it is resolved, handled and changes to combat vulnerabilities in the future will make shareholders more comfortable.

RELATED CONTENT

RELATED VIDEOS

Business Strategy Alignment Global Supply Chain Management Quality & Metrics Supply Chain Security & Risk Mgmt Consumer Packaged Goods
KEYWORDS BravoSolution Business Continuity Business Disruption Business Strategy Alignment consumer packaged goods contingency planning cybersecurity Global Supply Chain Management Mickey North Rizza Quality & Metrics risk metrics SC Security & Risk Mgmt Supply Chain Analysis & Consulting Supply Chain Management: Supply Chain security and Risk Management supply chain risk preparedness VP Strategic Services
  • Related Articles

    Coping With Complexity, Part 2: It's Not Easy Being Simple

    Five Not-so-Easy Pieces: Network-Centric Manufacturing

SupplyChainBrain

Manifest Las Vegas Announces 2023 Sponsors, Discounted Tickets

More from this author

Wake up to live
“Supply Chains in Crisis”
updates and the latest Supply Chain News!

Subscribe to our Daily Newsletter

Timely, incisive articles delivered directly to your inbox.

Popular Stories

  • coworkers collaborate

    Podcast | Linking Planning and Execution for Real-Time Decision-Making

    Sales & Operations Planning
  • FedEx

    FedEx Faces Big Changes as New Boss Confronts Higher Costs, Angry Contractors

    Last Mile Delivery
  • 0621_Burrito.png

    Chipotle Zeroes in on Supply Chain Traceability and Visibility

    Sourcing/Procurement/SRM
  • cyber crime

    The Cyber Blind Spot That Makes Every Supply Chain Vulnerable

    Regulation & Compliance
  • 0627_Guitars.png

    Sweetwater Responds to the ‘New Face of Agility’ in Supply Chain and Merchandising

    Inventory Planning/ Optimization

Digital Edition

Scb may 2022 sm

2022 Supply Chain ESG Guide

VIEW THE LATEST ISSUE

Case Studies

  • 3PL Doubles Productivity With Robots to Fulfill Medical Supply Orders

  • E-Commerce Company Cuts Order Fulfillment Time by 40%

  • Fashion Retailer Halves Fulfillment Time With Omichannel Automation

  • Distributor Scales Business by Integrating Warehouse Automaton Software

  • Fast-Growing Fashion Brand Scales E-Commerce Fulfillment With Whiplash

Visit Our Sponsors

Yang Ming Alithya Barcoding
Blue Yonder BNSF Logistics Generix
GEP GreyOrange Here
Honeywell Intelligrated IFM Inmar
Keelvar Kinaxis Korber
Liberty SBF Locus Robotics Logility
Lucas Systems Nvidia Old Dominion
ORTEC Parsyl QIMA
Redwood Logistics Saddle Creek Logistics Schneider Dedicated
Setlog Holding AG Ship4WD Shipwell
Tecsys TGW Systems Thomson Reuters
Tive Trailer Bridge Vecna Robotics
Verity
  • More From SCB
    • Featured Content
    • Video Library
    • Think Tank Blog
    • SupplyChainBrain Podcast
    • Whitepapers
    • On-Demand Webinars
    • Upcoming Webinars
  • Digital Offerings
    • Digital Issue
    • Subscribe
    • Manage Your Subscription
    • Newsletters
  • Resources
    • Events Calendar
    • SCB's Great Supply Chain Partners
    • Supplier Directory
    • Case Study Showcase
    • Supply Chain Innovation Awards
    • 100 Great Partners Form
  • SCB Corporate
    • Advertise on SCB.COM
    • About Us
    • Privacy Policy
    • Contact Us
    • Data Sharing Opt-Out

All content copyright ©2022 Keller International Publishing Corp All rights reserved. No reproduction, transmission or display is permitted without the written permissions of Keller International Publishing Corp

Design, CMS, Hosting & Web Development :: ePublishing