The globalization of supply chains has made risk a primary concern for organizations. The aftermath of the earthquake and tsunami in Japan and the recent flooding in Thailand serve as stark reminders of how natural disasters can throw supply chains off balance. In fact, Tommy Lui, logistics executive vice president of consumer goods sourcing company Li & Fung, recently stated that supply chain risk is the number one concern among the majority of Asian shippers and logistics providers.
Supply chain risk extends beyond physical locations. A recent article by DC Velocity notes that supply chain information networks are increasingly at risk of cyber attacks that can have serious effects on global supply chains.
How concerned is your organization about supply chain risk? Is your organization also concerned about risks to your supply chain information network?