Disruptions in your organization’s supply chain can result in many different types of crises, as everything from customer relations to your bottom line relies on a steady flow of goods and services. SupplyChainBrain.com recently interviewed Phil Renaud, vice president of risk management at Exel, and this is what he had to say:
One important and often overlooked element of crisis management is understanding the different ways in which day-to-day operations will be impacted by adverse events, says Renaud. For example, he notes that a flu pandemic may create disruptions in the supply chain because of employees being unable to come to work or to perform all of their duties. “That could then create security exposures because fewer people are watching the goods,” he says.
While many think of crisis management as involving major disasters or huge media blowouts, something as simple as a snowstorm blocking your shipments or, as Renaud says, employees falling ill, could lead to a loss of reputation and profits.
The BCM Blogging Team
https://www.bernsteincrisismanagement.com/