Reason Magazin 2014Q3 Seite 25

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Inhalt

Recently we examined the increase in severity of supply chain disruptions and how harmful these disruptions are to an organization s overall health Despite supply chain disruptions being one of the lead ing causes of volatility a new study on supply chain and risk management conducted by the Massachusetts Institute of Technology USA revealed that 60 percent of businesses are paying only marginal attention to risk reduction processes within the supply chain Six business executives from various industries recently came together to discuss the long term implications of supply chain disruptions Their discussion highlights the detrimental effects a poorly managed supply chain could potentially have on a business including negatively impacting stock price and damaging an organization s reputation It also illuminates the importance of con sidering the changing landscape of risk and focusing not only on black swan events but on emerging risks such as technology The Players PETER SOLLOWAY vice president regional sales manager FM Global PAUL JOHNSON director insurance and non financial institutions Barclays ANDY BRYSON group insurance and risk manager Cobham EDWARD SHERLEY PRICE head of business continuity Experian ROB HALSTEAD head of risk management Crossrail CEDRIC LENOIRE assistant vice president senior business development executive FM Global Is there a link between supply chain disruptions and an organization s stock price and reputation PAUL Losses from the Thailand floods impacted many manufacturers of compo nents and emphasized the dire consequences of loss to companies that rely on suppliers Executives have to grab the nettle in getting the message out An event has happened and we will contain it PETER A perfect example of this is Seagate which fortunately had decided to put its facility in Thailand on higher ground and A Roundtable Discussion On supply chain stock price shareholder value emergent risks and the importance of addressing the potential of threats that haven t happened yet the IDEA ISSUE 3 2014 Reason 25