In the last few years we have seen an increase in the levels of risk and volatility faced by enterprises. Some recent examples include the unrest in the Middle East, inflation in China, the Japanese tsunami disruption, the Thailand floods, oil price volatility, product recalls and huge fluctuations in financial markets.
This requires business executives to systematically address business risks, both the known-unknown operational risks as well as the unknown-unknown extreme risks. Unfortunately, there is very little that can be done after a disaster has occurred. Companies therefore need to devote more attention to planning their operations so they can better respond to mega disasters as well as more mundane operational problems.
In this first webcast of his three-part series, Prof. David Simchi-Levi identifies proven ways to analyze the different sources of supply chain risks, assess the impact on the business and build various mitigation measures into the business strategy.
Featuring Prof. David Simchi-Levi of MIT and SCDigest Editor, Dan Gilmore.