As U.S. and Canadian businesses plan to expand their business overseas this year, supply chain failures, data breaches and political instability are weighing heavily on the minds of their executives, according to a survey by the Chubb Group of Insurance Companies.
Epicor Software Corporation, a provider of business software solutions for
manufacturing, distribution, retail and services organizations, plans to hire more than 100 U.S. military veterans, "wounded warriors" and active duty personnel transitioning to the civilian workforce over the next 12 months as part of the company's new Hiring Heroes Program.
Reacting to public outrage, Western retailers and apparel brands began a major push to improve safety at the Bangladeshi factories they do business with. It involves a sprint to inspect hundreds of plants each month and a commitment to help correct any safety problems found — all with an eye to preventing another catastrophic collapse or fire. But instead of joining forces, the Western brands have divided into two sometimes feuding camps.
In 2013, 80 percent of supply chain leaders had a material supply chain disruption. It was not just one. The average company had three. Yet, in a study that just completed, when asked about business pain, supply chain risk rates low. How come?
Corporate criminals are using professional and systematic methods to target the weakest link for global organizations, the supply chain. High profile exploits such as Target's supply chain disaster are raising concerns across numerous verticals on business stability. With the threat of tainted and counterfeit technology products building every day, organizations must come together now and take what steps they can to mitigate risks to the supply chain.
As businesses increasingly rely on external parties for critical services, they become more vulnerable to business interruptions. This is especially true when such businesses know little about their third-party vendors' resiliency and recovery capabilities, according to PwC US, which examined the effects that vendor resiliency, or lack thereof, can have on an organization's business continuity strategy.