supply chain News

Willis Chief Tells Asian CEO’s Insurance ‘Not Just About Coverage’

Joe Plumeri, the Chairman and CEO of Willis Group Holdings, told more than 100 leading Asian CEOs’ that ‘insurance is not just about coverage and claims, but is about security and survival’ at the KPMG ‘Captains of Industry’ lunch hosted …

What the Waffle House Can Teach About Managing Supply Chain Risk

What can Waffle House teach about disaster preparedness and risk management, especially in the wake of this spring’s devastating tornadoes? Plenty, says a supply chain expert at Olin Business School, Washington University in St. Louis. “The companies that are most …

Catastrophes Issue Wake Up Call on Supply Chain Risks

The Japanese earthquake and tsunami that occurred in March 2011 served as a wake up call of sorts for businesses vulnerable to supply chain exposures. Subsequent intense weather events in the United States during April and May have underscored the …

Japan Disaster Shows up Flaws in ‘Just-in-time’ Production

Just over a week after the massive earthquake hit the sprawling Texas Instruments chip plant here, a gardener is reworking the Japanese garden in an inner courtyard of the office tower attached to the plant. The garden is a symbol …

Marsh Warns Japan Disaster Could Disrupt Global Supply Chain

A bulletin from Marsh warns that “organizations need to prepare for the possibility of an extended disruption to global supply chains resulting from the earthquake and tsunami in Japan. Thousands of multinational companies that rely on Japanese manufacturers for goods …

Supply Chain Concerns Grow as Japan Lacks Parts, Power, People

From Apple’s new iPad to Chevrolet pick-ups and many of the world’s airplane kitchens, concern is spreading down the global manufacturing supply chain about the impact from Japan’s earthquake last week. Plant shutdowns across Japan following the earthquake, tsunami and …

Zurich’s ‘Pushing the Boundary’ Report Focuses on Risk ‘Uncertainty’

A new report from Zurich Financial Services notes that in contrast to the “bulk of risks faced by the corporate sector,” which are more or less “easily identified,” and can thus be dealt with, “there is a class of risks …