Thanks for your input, readers and moderators. I initially was underwhelmed by the data as "risk management" comes up all the time in discussions. But there are many layers to risk manaagment, and the physical transport of goods is one of them. It's good to hear that companies are taking this seriuosly even before the earthquake. These concerns also are hindering companies' ability to expand, which I'll cover in a subsequent blog. It makes sense--until you have your current house in order, it's difficult to execute on expansion plans. So ultimately, it can hinder growth.
Your article brings some interesting news. It is nice to see more serious thought going into all facets of the supply chain instead of having blinders on. It will be interesting to see how many companies actually commit to plans like these. These plans require a lot of factors to be in place, some of which require significant investment. With many companies looking at ways to compete with less spending, they might have serious problems by overlooking serious supply chain issues.
I am actually quite impressed with the risk management of alot of our U.S. companies from the impact of Japan tsuami. At one point in time, there was a shortage for specific parts that was only produced by Japan. Even Apple's ipad and iphone supply chain didn't seem to have been as disrupted as I had expected. Perhaps management had a plan in place such as looking for a different vendor replacement. Because I can imagine that not having one piece of component can cause major delays even if all other parts are ok.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.