A recent article on Property Casualty 360d by David Shillingford, dated Jul 7 states the Top 8 risks to supply chains are: 1 Cyber 2 Natural catastrophes 3 Infrastructure 4 Workforce 5 Reputation 6 Environment 7 Regulatory noncompliance 8 Politics After reading the article http://www.propertycasualty360.com/2015/07/07/top-8-emerging-risks-for-todays-supply-chains I feel its missing one crucial element, which was skirted, but not demonstratively stated that is fast becoming a real threat to all supply chains. Do you feel this list is complete?
Top 8 emerging risks for today's supply chains
Answers
The world is full of optimists and pessimists. Which one are you?
The title of the article should have been titled "The Top 8 Risks for Today's Supply Chain" because the listed threats are not emerging, they are present. I am certain that new threats will emerge and those are the focus of government planning and readiness and subjects of best selling novels. To recognize this reality is not pessimistic, it comes with an optimistic eye towards finding a solution.
Wayne
Are you thinking of terrorist threat? Or is that just a different form of politics?
Geographic concentration
They mention natural disasters and infrastructure, but fail to mention (or exploit the example given, the tsunami in Japan) how concentrating your entire supply line in one single geographical area can have dire consequences.
Production of raw materials.
Environmental laws and activists are making the acquisition of raw materials harder, due to scarcity and cost increases. This will continue until the populous has had enough of this bureaucratic tyranny and rise up to eliminate it. When that happens, it will cause social instability because people will learn to take what they want and the only thing that ensures keeping all they take is superior force.
Think that sounds like I have seen Road Warrior once too many times? Baltimore, Maryland is a petri dish example of what is possible.
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