Analyst Insight: Companies are starting to look at climate change more scientifically. Rather than making judgments based on their own experience, they are using external data to drive models to gauge the potential for disruption to their own supply chains - from singular events such as hurricanes to longer-term effects such as crop migration. This process helps them to understand how truly resilient they are in their ability to source, manufacture and distribute their products. - Glen Goldbach, Principal, PwC; Christoph Hahn, Director, PwC; Kelvin Harris, Director, PwC
Analyst Insight: The growth of IoT (the Internet of Things) will impact supply chains dramatically in the long run. Increasingly instrumented and connected manufacturing plants, warehouses, vehicles, and the products themselves will provide very precise, real-time 'X-ray vision' into what is happening in the plant, on the road, and in the field. - Bill McBeath, Chief Research Officer, ChainLink Research
Analyst Insight: Consumer perceptions of a company's supply chain have a big impact on how consumers feel about a company and its corporate brand. Research provides insight into how supply chain reputation impacts the overall corporate reputation and how supply chain strategies can be used to boost consumer perceptions of corporate brands. - Viktoria Sadlovska, Research Director, Reputation Institute
Chipotle Mexican Grill revealed on Tuesday that federal prosecutors had expanded their inquiry into the company's multi-state outbreaks of food-borne illnesses, further threatening sales that declined steeply by the end of last year.
IDV Solutions LLC has launched an extension with the Sigma Group's ActivistMap.com that will help command centers to act more quickly in the event of political violence or acts of terrorism that threaten employees, the supply chain or operations.
Back in 2011, security researcher Jay Radcliffe hacked into his own insulin pump, demonstrating how a remote user could potentially deliver a fatal dose of insulin to an unsuspecting diabetic. It was a dramatic way to show the medical device industry how insecurity of devices could lead to life-threatening situations.
Cyberattacks are growing in number and scope due to rapid increases in interconnectivity and mobile data. In response, Moody's Investors Service announced that the credit implications associated with cyber defense, detection, prevention and response should start to take a higher priority within its credit assessments and analysis.
Household goods account for a significant majority of all consumer product recalls in the U.S. since 2010, according to Recalls Hit Home: Household Goods Drive Consumer Product Recalls, a report from Stericycle ExpertSOLUTIONS.