Interdependencies within and between national economies make global and national systems – like financial networks or the world’s food chain – increasingly susceptible to disruption. A factory fire in one corner of the globe might create a supply chain domino effect – halting production of finished goods worldwide. MIT engineering instructor Yossi Sheffi warns that a breach of environmental standards by an obscure, deep-tier supplier might threaten the reputation of firms further up the chain. getAbstract recommends his forward-looking overview to leaders and risk managers – especially in large firms – who are building the response capability to deal quickly and effectively with disasters and disruptions.
In this summary, you will learn
- What supply chain risks threaten most large organizations, and
- How preparation and response can help you mitigate risk.
About the Author
Yossi Sheffi teaches engineering systems at MIT and advises firms and governments on risk and supply chain management.
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7 months agogood application