Board members are key to establishing a strategic plan for supply chain risk that ensures resilience, as well as instilling it throughout the organisation.
A recurrent theme of the World Economic Forum’s Global Risks 2015 report is global events that impact upon businesses of all sizes. From natural catastrophes such as earthquakes and floods to man-made mayhem in financial markets or cyberspace, in our globalised economy these incidents often have repercussions for global supply chains that can be felt on the other side of the world. Four years on from the devastating natural catastrophes in Japan, Thailand and New Zealand, the effects are still rippling through global supply networks. As a consequence, companies are investing large amounts of money into trying to improve their understanding o