How prepared are you for supply chain risks?

Lately, I have been reading several articles that address the topic of supply chain risk. So when I was speaking at the University of San Diego's Supply Chain Symposium last week, I had the attendees think about the following scenario: Assume for a moment that your CEO, company President or COO walks into your office and asks to see a list of things which could create disruptions in your company’s supply chain. If your answer is, "I don't have a list" or "I don't know what those issues are" you could have a problem. That's why we encourage you to take a look at what's on the horizon and prepare a list. And for those of you who are thinking that this is an abstract issue, look at what happened to Toyota after last week's devastating earthquakes - they shut down production because they couldn't get supports.

Watch this week’s video to hear about some of the issues worth tracking now. And if you're looking for other ways to get informed, consider utilizing our Rapid Assessment Study. It will help you target the issues that face your company specifically.

Looking forward you can expect to see more companies address the issue of supply chain risk. So get ahead of the curve and start factoring this into your planning process. With each and every Two Minute Warning, we want to let you know: we're on your team, we're here to help, and we're passionate about seeing you be successful. Get in touch with us by phone at 630-833-0890 or send us an email.