It is now frightening to see how true the predictions in this report were in Global Risks 2008, a report prepared by the World Economic Forum. I can only hope that the global financial turmoil does not translate into a global supply chain turmoil.
Supply chain disruption – a global issue? All companies and governments dependent on external suppliers are exposed to the risks of disruption in their supply chain. Even a relatively small supply chain disruption caused by a local risk event may ultimately have consequences across the global economic system.
Organisations embarking on offshoring face multiple challenges; many of which can be extremely daunting. Sridhar Vedala, Director – Global Sourcing at EquaTerra explores the top 10 challenges of offshoring today and provides suggestions on how to tackle them head on.
The book Strategies for Building Successful Global Businesses, by the INSEAD-Wharton Alliance on Globalizing, contains 6 articles on managing risk and uncertainty. Today I will look at one of these articles that deserves further mentioning.
