The Power of Resilience: How the Best Companies Manage the Unexpected
Yossi Sheffi
Abstract
This book focuses on deep-tier risks, corporate social responsibility risks, cybersecurity risks, global raw material risks, long-term disruptions, business continuity planning, risk and disruption detection, and the potential for systemic disruptions. The interconnectedness of the global economy today means that unexpected events in one corner of the globe can ripple through the world’s supply chain and affect customers everywhere. For example, an earthquake and tsunami in Japan brought manufacturing around the globe to a standstill. State-of-the-art passenger jets are grounded because of a m ... More
This book focuses on deep-tier risks, corporate social responsibility risks, cybersecurity risks, global raw material risks, long-term disruptions, business continuity planning, risk and disruption detection, and the potential for systemic disruptions. The interconnectedness of the global economy today means that unexpected events in one corner of the globe can ripple through the world’s supply chain and affect customers everywhere. For example, an earthquake and tsunami in Japan brought manufacturing around the globe to a standstill. State-of-the-art passenger jets are grounded because of a malfunctioning part. A strike halts shipments through a major port. A new digital device decimates the sales of other brands and sends established firms to the brink of bankruptcy. This book shows why modern vulnerabilities call for innovative processes and tools for creating and embedding corporate resilience and risk management. Through case studies, the book illustrates how companies have prepared for, coped with, and come out stronger following disruption—from the actions of Intel after the 2011 Japanese tsunami to the disruption in the “money supply chain” caused by the 2008 financial crisis. Supply chain risk management, the book reveals, is a balancing act between taking on the risks involved in new products, new markets, and new processes—all crucial for growth—and the resilience created by advanced risk management.
Keywords:
Supply chain,
Risk management,
Resilience,
Business continuity planning,
Disruption,
Detection,
Cybersecurity,
Corporate social responsibility,
Case studies,
Crisis response and prevention
Bibliographic Information
| Print publication date: 2015 |
Print ISBN-13: 9780262029797 |
| Published to MIT Press Scholarship Online: May 2016 |
DOI:10.7551/mitpress/9780262029797.001.0001 |
