Supply Chain Managers Get Fresh View on Disruption
In 2016 the majority of supply chain events reported by EventWatch occurred in North America, overtaking Asia, which had the majority of events in 2015.
Latest News
Port of Baltimore May Not Reopen Until Summer Sales & Operations Planning (S&OP) Mastery A New Priority Greets Procurement Professionals in 2024 Cargo Shipping Remains on Hold in Baltimore Following Bridge Collapse Maximizing the Bottom Line: The Power of Procurement More NewsLatest Resource
Sales & Operations Planning (S&OP) Mastery In this Special Digital Edition of Supply Chain Management Review, you will find insights on the importance of sales and operations planning (S&OP) to an organization’s bottom line.All Resources
A recent report released by Resilinc, a California-based cloud provider of supply chain resilience and risk management intelligence and analytics, has special relevance for supply chain managers evaluating “near-shoring.”
In an exclusive interview with Bindiya Vakil, CEO and founder of Resilinc, it was revealed that in 2016 the majority of supply chain events reported by EventWatch occurred in North America, overtaking Asia, which had the majority of events in 2015.
EventWatch 24X7 is the company’s global event monitoring, alert, and analysis service.
“With all the talk of moving off-shore manufacturing closer to this hemisphere, that’s an important metric to note,” says Vakil. “Even cross-border trade will need to face more scrutiny, given the new political landscape we may be facing agreements with Mexico.”
In regard to automotive and life sciences industries, says Vakil, Mexico is relatively safe, however.
“Also, for the first time, life sciences overtook the automotive industry as the most frequently impacted industry, fueled by an increase in Merger & Acquisition and FDA/EMA Action bulletins,” she says.
Vakil notes that another main takeaway was that M&A represented the majority of EventWatch bulletins in 2016 with 20% of bulletins notified.
“These acquisitions can be very disruptive, as they often mean that the new company will focus on cost cutting and reorganization,” she says. “For many suppliers this can mean a reduction in demand.”
Supply chain risk management practitioners subscribe to the EventWatch service to receive early warnings and analysis of supply chain incidents that can negatively impact revenue, market share, customer satisfaction, and shareholder value.
The annual report analyzed incidents by risk type, industry, geography, severity, and seasonality and compared 2016 data in these categories with 2014 and 2015.
About the Author
Patrick Burnson, Executive Editor Mr. Burnson is a widely-published writer and editor specializing in international trade, global logistics, and supply chain management. He is based in San Francisco, where he provides a Pacific Rim perspective on industry trends and forecasts. He may be reached at his downtown office: [email protected].Subscribe to Supply Chain Management Review Magazine!
Subscribe today. Don't Miss Out!Get in-depth coverage from industry experts with proven techniques for cutting supply chain costs and case studies in supply chain best practices.
Start Your Subscription Today!
Article Topics
Risk Mitigation · Supply Chain · Supply Chain Management ·It’s high time to go beyond visibility Driving supply chain flexibility in an uncertain and volatile world View More From this Issue