Swine flu highlights need for logistics resilience
Logistics firms must be prepared for business disruptions, such as pandemics, natural disasters or acts of terrorism, by having in place an overall risk management and resilience plan.
That’s the assessment of a senior executive at supply chain solutions provider INSIGHT, Inc, who argues that the impact on local and regional supply chains as a result of the swine flu epidemic has already begun, with countries such as Russia and China banning meat imports from various locations in the Americas region.
“Supply chain teams need to immediately analyse their supply chain networks for the potential impact this risk may have on their company, customers, and trading partners,” said Jeff Karrenbauer, president of INSIGHT, Inc.
“These issues impact corporate survival and highlight the need for assessing supply chain vulnerability as a factor in business continuity planning,” Karrenbauer added.
According to the company, INSIGHT offers a supply chain vulnerability/hardening analysis solution that enables firms to assess the real risks to the supply chain, identify vulnerable components and then produce an optimal design that reduces corporate risk, with an associated cost for the risk mitigation.