Risk Management

U.S. States Reopen During COVID-19 Pandemic

Alabama Gov. Kay Ivey, a Republican, is allowing her state to start reopening on April 30, 2020, after her stay-at-home order expires. “As of this week, we no longer believe our hospitals will see an overwhelming amount of ICU patients who need ventilators, as we once believed, and that is sure good news,” Ivey said. […]

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How IoT Can Optimize Overwhelmed Supply Chains

With more and more brick-and-mortar shops temporarily closing their doors due to the COVID-19 pandemic, there’s immense pressure on retailers to deliver much-needed supplies to individuals at home. More packages—including crucial deliveries of food, medications and sanitation supplies—need to be shipped, which increases the pressure on supply chains to perform as efficiently as possible. At […]

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4 Ways to Safeguard and Stabilize Your Supply Chain

Stabilizing core business operations, managing risk, and taking steps to perfect and enforce rights under existing agreements and insurance policies should be key priorities at this stage of your company’s response to COVID-19. Here are four strategies for supply chain professionals, in-house counsel, and risk managers to keep in mind as they work with their […]

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Gordon Cessford

7 Smart Steps to Minimize Risk

Inherent risks exist in trading globally that businesses don’t have to deal with when they keep things closer to home. But the rewards of expanding to new markets can far outweigh those hazards, especially if you take the following steps to minimize and manage your exposure to risks.

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Is Your Supply Chain Resilient? How Manufacturers Can Map Dependencies and Minimize Risk During COVID-19

The COVID-19 pandemic has dramatically disrupted many global supply chains, and there is no way of knowing when the disruptions will peak or begin to return “normal.” Presently, the focus on public health and welfare is paramount—the ability of nations to contain the pandemic comes first. But the health of the global economy is also […]

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Useful COVID-19 Information & Guidance

The following links provide practical information and official guidance related to COVID-19, including new workplace guidelines, frequently asked questions, and updates from the government. CDC’s official guide for business OSHA’s guidance on preparing workplaces for COVID-19 EPA’s list of disinfectants suitable for use against COVID-19 John Hopkin’s Coronavirus Dashboard showing real-time data on COVID-19 spread […]

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The Global Economic Impact of COVID-19

When the novel coronavirus, now named COVID-19, first crept up in the city of Wuhan, China, in early 2020, no one could have predicted how this new virus would ultimately disrupt the global economy. Now, many around the world are contemplating how global supply chains may be affected and how things will play out in the next few months.

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John Sheehy

Eight Ways to Minimize Supply Chain Risk

Supply chain attacks aren’t anything new, but threat actors continue to find new ways to breach networks. The 2013 Target breach and more recent NotPetya, Trisis, and Wipro compromises serve as not-so-gentle reminders that supply chain attacks are damaging and costly and present many risks to both businesses and their suppliers.

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Southeast Ports Close in Advance of Hurricane Dorian

Though it has yet to land state-side, Hurricane Dorian is already a force to be reckoned with. In fact, it’s considered one of the most powerful storms ever recorded in the Atlantic Ocean. Supply chain professionals are bearing down and preparing for the worst after the Bahamas suffered severe blows from the natural disaster. With […]

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Managing Risk and Building Resilience

Antonio Galvao is chief supply chain officer for DuBois Chemicals, which creates custom chemistry, equipment, and process solutions. Responsibilities: End-to-end supply chain, including manufacturing, planning, logistics, procurement, and quality. Experience: VP, logistics and distribution, Americas, and VP, global logistics GISC, Johnson Controls; VP of supply chain, Africa, Middle East, Turkey, and Central Asia, and VP, […]

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Doug Collins

5 Tactics for Managing the Unexpected

No supply chain is immune from risk, and the farther a company’s supply chain traverses the globe, the more opportunity for things to go awry. Companies can take proactive steps to ensure they won’t be blindsided by sudden changes to their supply chain. Taking out a credit insurance policy from a credit insurer is just […]

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Mitigating Cargo Theft Risk

Cargo theft continues to be a challenge to shippers, totaling an estimated $145 million in losses each year in North America. 1. Develop a plan. Establish security procedures for carriers hauling your freight. Ask drivers not to stop within the first 250 or 300 miles of pickup unless there is a real emergency. It’s not advisable […]

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