Risk and Resilience

MIT Professor Yossi Sheffi is quoted reassuring folks of a positive future with AI. It seems that for every gloomy forecast about AI in the workforce, there's a brighter outlook.

In his book “The Magic Conveyor Belt: Supply Chains, A.I., and the Future of Work,” Yossi Sheffi, an e

I thought I understood all the major supply chain implications of the pandemic until I began reading Yossi Sheffi’s new book The New (Ab)Normal: Reshaping Business and Supply Chain Strategy beyond Covid-19. Jim Hackett, the CEO of Ford at the time, was quoted as saying: “We didn’t realize there was an off switch.

Professor Yossi Sheffi, one of the world's leading scholars in the field of supply chain management. Regarding the cause of the global supply chain crisis triggered by the novel coronavirus pandemic, Professor Sheffi said, “The Federal Reserve (the central bank of the United States) can solve trillions of dollars right away with a single signature, but parts or finished products can cost thousands of miles.

Each December, the focus of the issue is our annual Executive Guide to Supply Chain Resources. This is a comprehensive guide to services, products and educational opportunities targeted specifically to supply chain professionals. 

Yossi Sheffi coined the term Resilient Enterprise in 2007, highlighting how companies that build resilience into their operations - from supply chain to technology and talent - could gain a competitive advantage over their competitors.

In his book The Power of Resilience: How the Best Managed Companies Manage the Unexpected, MIT’s Yossi Sheffi describes the rising vulnerability on all sides of the supply chain: more distance, more players, more variety, more technology, more complexity. Companies must look to their chief supply chain officers to ensure that the supply chain is resilient to disruption. For many businesses, supply chain disruption is the largest operational risk.

The Coronavirus Disease 2019 (COVID-19) pandemic has illustrated the devastating effects that a global pandemic can have on all facets of our society. We must do better to prepare for and respond to future pandemics and biological incidents. Per Executive Order (EO) 14001, “On a Sustainable Public Health Supply Chain,” the enclosed public health supply chain resilience strategy aims to design, build, and sustain a long-term capability in the United States to manufacture supplies for future pandemics and biological threats.

After a year of 600,000-plus dead due to the criminal leadership of the previous administration, 20,000 people murdered, close to 40,000 people dying in road accidents every year and maybe over a hundred people dying in a building collapse in Florida, I do not see worrying about what could have been if somebody did eat a razor...