2011: The year of disruption and the unexpected
December 14, 2011
At the start of the year, many businesses were still pursuing a policy of completely integrated supply chains. Few had given thought to what we now know as ‘high impact, low probability’ events. Then the earthquake and tsunami hit Japan. Our assumptions about the resilience of supply chains were shattered as its toll on the production of many different goods became apparent. We must now think very differently about single supply arrangements if that supplier could face major disruption. (more…)
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