The Temple of Supply Chain Resilience
Building a resilient supply chain is increasingly important for all organizations. It is however something that cannot be done overnight. It involves all areas of the business and requires an effective strategy and will impact on everything from product and service design to the cultures required within the business. If you are concerned about risk & vulnerabilities in your supply chain build the “Temple of Supply chain resilience”, this blog (and video) briefly outlines how to build this temple.
Classification of the Sources of Supply Chain Risk and Vulnerability
Our research at the Cranfield School of Management, sponsored by the UK Department for Transport, into the origins of supply chain risk and vulnerability identified the following dimensions of risk in the supply chain – these can be divided into external and internal ‘drivers’. The external drivers are demand side, environmental and supply side risks. The internal drivers are process, control and mitigation/contingency. This post will discuss these in more detail.........
The Olympic games is Britain’s largest peacetime logistical exercise, it is equivalent to running 26 simultaneous sporting world championships at the same time. It is anticipated that 9 million spectators will be attending the main games and 2 million spectators attending the Paralympic games. In total over 300,000 athletes, officials, media, games “family members” and workforce will also be in attendance. London tourism chiefs are anticipating 500,000 people will be looking to stay overnight in London during the games. The games are taking place in the heart of London during the summer which is always the busiest time. In June “soft openings” occur of venues and the Olympic village with the official opening of the Olympic village on the 13th July and its closure on the 14th September so for a period of 3 months the Olympic party will consume the city.
However the implications of this event on the way logistics & supply chains operate is significant.
Professor Richard Wilding OBE - Supply Chain & Logistics Expert | Professor at Cranfield School of Management | Consultant |Author | Speaker | Researcher | Trainer
Innovating the Global Supply Chain