Supply chain risk tops list of management priorities
Along with cyber security threats, risk of a break in the global supply chain tops expert concerns for smooth social function, a new government report finds.
The recent flooding in Thailand, which spiked the market on hard drives for an extended period, stands as a recent model for the cost of unpreparedness. Other recent natural disasters, including the floods in Australia that wreaked havoc on the global coal prices, have contributed to what analysts have identified as a trend.
Not to be discounted are man-made catastrophes, such as the Deepwater Horizon oil spill, which can be just as devastating to the ecology as to the market.
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Successful risk managers are starting to see the concrete connection between sustainable practices and a dependable supply chain, and the companies who take the lead are reaping the most benefits.
To the end of setting the trend, industry leaders – by invitation only, culled from Fortune 1000 companies and prestigious academic institutions – will be meeting at the Waldorf-Astoria in New York at the end of the month. Other integrated topics to be addressed include cyber security risks, expansion protocol, and legal advice on sustainability strategies.