KNX interviewed Lisa Anderson about the Los Angeles fires and the supply chain impacts and economic impacts. We discussed the devastation caused by the fires, how the retail supply chains would be affected from demand and supply misalignment, and the impacts on the building and construction industry as well as the consumer products industry.
Lisa Anderson warns that the recent devastating fires in Los Angeles County will have far-reaching impacts on supply chains well beyond the immediate area. With over 100,000 people displaced and critical infrastructure, IT systems and power grids affected, businesses across industries must prepare for disruptions that could persist for months.
Although we talk about the value of the backup to the backup all the time in supply chain circles, when the rubber meets the road with the costs of the backup, it can be seen as excessive.
Lisa Anderson, quoted in Procurement Pro, has stressed the pressing need for companies to address weaknesses in their supply chains amid growing global instability.
Disruptions ramp up! Unfortunately, there was a massive hurricane that wreaked havoc in several states including North Carolina, Georgia, Virginia etc. 130 people have died and many are unreachable. Towns are destroyed including one that has a special place in my history [...]
Lisa Anderson highlights the urgent need for companies to address vulnerabilities in their supply chains as global instability continues to escalate. The recent attacks in the Middle East, where hundreds of pagers used by Iran-backed Hezbollah exploded in Lebanon and Syria,
Hundreds of pagers used by Iran-backed Hezbollah exploded in Lebanon and Syria. It appears to be a part of a plan of sophisticated, deadly attacks that targeted specific people, leaving 12 dead and thousands injured.
There has been a plethora of strikes, potential strikes and disruptions in the last few years. In fact, the threat of strikes has made its way through the supply chain.
Volatility, uncertainty, complexity, and ambiguity (VUCA) continues to rage and threaten manufacturers and supply chain chain organizations. The VUCA threshold skyrocketed during the pandemic, and it has not returned to normal.
The supply chain is in a constant state of disruption. As we discussed on Supply Chain Chats, simple backup plans are no longer enough. In fact, you can look at recent events and determine if a backup is sufficient. Starting with the pandemic, of course, most if not all companies didn't have a sufficient enough backup plan.
