Managers of information technology systems in both the private and public sectors have had their hands full dealing with security breaches that come from hackers invading IT systems. Increasingly, however, IT systems are becoming vulnerable from another channel - the actual supply chain sources of both hardware equipment and software programs.
Ten ships were hijacked by Somali pirates in March, making this the most attacks in one month since December 2010. Four of the seized ships were used to make more attacks, rather than the usual holding for ransom acts. Maritime security experts believe that pirate groups will be encouraged by the latest hijackings and will be moved on organizing more attacks over the next several weeks.
Managing supply chain risk requires the ability to effectively and continuously apply three pillars of risk mitigation. Similar to the three legs of a stool, these are of equal importance, and when combined create the foundation for a comprehensive risk-management strategy.
To remain competitive in today's fast-paced, global environment, manufacturers are adopting newly designed, high-speed wireless networks to help take better control of plant operations. Engineers and operators are being armed with iPads, laptops and high-speed scanners running on these networks to bring their facilities up-to-date with instantaneous, real-time communication.
What is this thing called "cloud computing"? It's nothing new - that much is certain. Software vendors have been offering applications "hosted" off-site for years. The idea of computer services as a kind of managed utility dates back to the 1960s at least. Salesforce.com, founded in 1999, based its entire business model on the cloud, even if it didn't use the word at the time. Since then, we've seen a variety of takes on what came to be known as Software as a Service, or SaaS. That's now been supplanted by "the cloud," a term which refers to any number of apps that reside in huge banks of servers located far from the client.
The growing dependence of Japanese companies on manufacturing in parts of Asia is increasing their exposure to water shortages, according to research from KPMG AZSA Sustainability and data and insight company Trucost. Though the study dealt only with Japanese companies, the findings that outsourcing to water-stressed countries, including China, can increase business risks from water scarcity have implications for companies globally.
Half of global trade professionals are optimistic about the global economy in 2012 and nearly three quarters plan to spend at or above 2011 levels, according to The State of Global Trade in 2012, a joint report from global trade intelligence company Panjiva and The Global Sourcing Council, a non-profit organization that fosters dialog on critical issues in global sourcing and supply chain management.
Company supply chains are now better able to handle market uncertainty, according to the 2012 Global Supply Chain Agenda study from Capgemini. The study reveals that ongoing uncertainty around the global economy and euro zone crisis is having a significant impact on supply chain strategies at every level.
Deck Increasingly companies are "going global" as manufacturing moves overseas, new consumer markets open up, and natural resources are discovered in new geographies.