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SC Security & Risk Mgmt: Page 337

Report: Digital Mapping and Risk Assessment Prevent Supply Chain Disruptions

Analyst Insight: The 9th Annual BCI/Zurich Supply Chain Resilience Report categorically said last year that ineffective management of supply chains is leaving organizations open to severe disruptions and large financial negative impacts. The report also states that almost 75 percent of companies have experienced one disruptive event and that many more experienced multiple risk events in 2016. Why? The report concludes that organizations are still not ensuring adequate supply-chain visibility upstream and downstream. - Gregory Schlegel, executive-in-residence, Center for Supply Chain Research, Lehigh University

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Supply Chain Visibility to Impact Customer Loyalty, Buying Decisions by 2020

Analyst Insight: The term supply-chain visibility means different things to different folks. Interestingly, it's something that everyone knows they need more of, but very few organizations have a handle on. This will change rapidly between now and 2020. Supply-chain visibility is having an increasing impact on customer relationships and buying decisions. - Bryan Nella, senior director of corporate communications, GT Nexus

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Three Steps to Creating a Low-Risk Supply Chain

Analyst Insight: No one can predict potential future risks that a supply chain may face. However, you can prepare for these potential risks and disruptions. Understanding and preparing is crucial in creating a sustainable top-performing supply chain, with flexibility and awareness. - Sara Shingleton, senior consultant, Tompkins International

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Supply Chain Resiliency in the Wake of Industry Disruption

Analyst Insight: Industry disruptions - whether caused by economic strife, weather events, or labor disputes - seem to be becoming more common, and they are prompting many executives to rethink the design of their global supply chains. For years many companies have invested in solid-state supply chains built for cost efficiency. The problem is that these are premised on very defined paths-to-market that lack resiliency and make them susceptible to disruption. - Glen Goldbach and Ryan Hawk, principals, PwC

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marcusevans to Host the 2017 Edition: Third Party Risk Management for Financial Institutions Conference on June 7-8, 2017 in Chicago, IL

Somali Pirates Hijack First Commercial Ship Since 2012

Pirates have hijacked an oil tanker with eight Sri Lankan crew on board, Somali authorities said last week, the first time a commercial ship has been seized in the region since 2012.

How Shippers Can Protect Themselves Against Another Carrier Bankruptcy

Should shippers and ocean carriers have seen the bankruptcy of Hanjin Shipping Co. Ltd. coming?

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E-Commerce Fraud Risk Was Up 80 Percent During Holiday Season

Fraud prevention technology provider Forter has published its 2017 Fraud Attack Index, in conjunction with the Merchant Risk Council (MRC). It detailed the rate at which e-commerce fraud attacks increased throughout traditional retail verticals and provided an in-depth look at the reasons behind the year-over-year changes.

A Holistic Approach to 'Green' Regulations

Analyst Insight: Global manufacturers must meet the growing number of "green" regulations that are focused on sustainability. From the Waste Electrical and Electronic Equipment (WEEE) Directive to the United States Conflict Minerals Directive as well as the European Union (EU) directives of Restriction of Hazardous Substances (RoHS) and Registration, Evaluation, Authorization and Restriction of Chemicals (REACH), manufacturers must comply with a multitude of regulations that can have a major impact on their business and their supply chain. – Chuck Cimalore, CTO, Omnify Software

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H&M Factory in Myanmar Damaged in Violent Labor Dispute

Workers demanding better conditions and benefits have destroyed the production line of a Chinese-owned factory making clothes for Swedish fashion retailer Hennes & Mauritz, in one of the most violent labor disputes in Myanmar in years.

Unisys, CSIRO Partnering on Threat Analytics for Cargo Security

IT and software company Unisys Corp. announced that it will partner with Australia's government-backed Commonwealth Scientific and Industrial Research Organisation (CSIRO), to develop software and technology that can analyze massive sets of data to identify risks posed by both passengers and cargo.

Are Ocean Carriers and Shippers Focused on Service - Or Just Lip Service?

It's been the same drill for years: Ocean carriers and shippers talking service, then fixating on price. Is this disconnect finally about to be disrupted?

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