Analyst Insight: There is now a false sense of security in supply chain risk management. Sixty-eight percent of companies believe they are better prepared than five years ago, yet supply chains experience an average of three material disruptions a year, according to Supply Chain Insights. Supply chain preparedness is for standard risk factors, such as financial viability, natural disasters, product quality, globalization and outsourcing. But, what about other risks and the security of supply chain? – Mickey North Rizza, VP Strategic Services, BravoSolution

Analyst Insight: In 2009, Dr. Robert Trent, Lehigh Supply Chain Management Department Chair, and I began to discuss supply chain risk in terms of how it was negatively impacting companies around the world. This dialogue led to capturing as much information available on the subject, codifying, classifying and developing a framework which became a graduate class in supply chain risk management and ultimately a new book, just launched, entitled Supply Chain Risk Management: An Emerging Discipline. – Gregory L. Schlegel, Founder, The Supply Chain Risk Management Consortium, and Adjunct Professor, Supply Chain Risk Management, Lehigh University