Risk

Gartner Provides Three Immediate Actions to Take as WannaCry Ransomware Spreads

Monday, May 22, 2017 · SCMR Staff
Since its discovery on Friday May 12, the WannaCry ransomware attack has continued to spread.

RapidRatings, Opus Announce Integration for Managing Supply Chain Third-Party Risk

Thursday, May 11, 2017 · Patrick Burnson
RapidRatings, provider of analysis of the financial health of public and private companies in the world, and Opus, a leader in compliance and risk management SaaS technology, recently announced a strategic partnership and the integration of predictive financial health…

2017 FM Global Resilience Index Exposes Hidden Supply Chain Risks

Wednesday, May 10, 2017 · Patrick Burnson
Supply chain managers are being told that three of the most pressing risks to business performance in the 21st century are cyber attack, natural hazards and supply chain failure.

Government CIOs Spend 21 Percent of Their IT Budget on Digital Initiatives, Gartner Survey Finds

Friday, April 28, 2017 · Patrick Burnson
According to a global survey of CIOs by Gartner, Inc., top-performing organizations in the private and public sectors, on average, spend a greater proportion of their IT budgets on digital initiatives (33 percent) than government organizations (21 percent).

New Global Flood Map Illustrates Supply Chain Risk

Thursday, April 13, 2017 · Patrick Burnson
The new map can make initial loss-prevention and site-location decisions significantly easier.

New Deloitte Study Identifies Cyber Vulnerabilities in Manufacturing Supply Chains

Thursday, March 23, 2017 · Patrick Burnson
According to Deloitte, the U.S. manufacturing sector is “woefully unprepared”for the cyber threats associated with new connected technology. In “Industry 4.0 and cyber risk: Security in an age of connected production,” one-third of all manufacturers sampled admitted to…

Procurement’s Diversity and Threat Equation

Tuesday, February 28, 2017 · Patrick Burnson
Two new research papers examine the risk/benefit proposition of using multi-tiered global suppliers

Human Rights in the Electronics and Information Communication Technology Industry

Thursday, January 12, 2017 · John Kloosterman and Michael Congiu
The concepts of business and human rights continue to renovate how business views its place in the world, and its relationships to its customers, markets, and the states where it has operations.

Connected Devices and Industrial Control Systems Expose Manufacturers to Cyber Threats

Wednesday, November 23, 2016 · Patrick Burnson
Nearly half of surveyed manufacturing executives lack confidence their assets are protected from external threats, according to a new study from Deloitte and the Manufacturers Alliance for Productivity and Innovation (MAPI) on “Cyber Risk in Advanced Manufacturing.”

Global Economic Expansion Exposed to Shocks in 2017

Wednesday, November 9, 2016 · Patrick Burnson
Global economic growth may remain stuck in low gear for several more years, though a worldwide recession is unlikely, according to the third quarter Global Risk Service report from IHS Markit.

Three Tips For Your Next Supply Chain Crisis

Wednesday, November 2, 2016 · Michael Gravier
Samsung's recent Galaxy Note battery fiasco—in the aftermath of the huge Takata airbag and Volkswagen emissions scandals—really highlights the one thing that no company should ever do when confronted by earth-shaking bad news: don't panic!

Despite Expected Rise in Regulatory Scrutiny, Few are Prepared to Manage Product Safety Crises

Thursday, October 6, 2016 · Patrick Burnson
While 42.1 percent of respondents to a recent Deloitte poll expect government agency scrutiny of product safety to increase through 2017, just 15.1 percent are fully prepared to manage a product safety or quality crisis.

Managing Risk in the Ring of Fire

Thursday, September 1, 2016 · Cheryl Murphy
Join MIT's Jim Rice as he leads a spirited discussion with senior supply chain leaders from Micron and IBM. They'll not only address the risks and vulnerabilities associated with operating in the Pacific Ring of Fire, but discuss the strategies they are utilizing…

Hanjin Bankruptcy Poses New Challenges for Global Supply Chain Managers

Thursday, September 1, 2016 · Patrick Burnson
The bankruptcy of Hanjin Shipping will have supply chain managers scrambling for transport alternatives during Peak Season, as global seaports also struggle to find ways of mitigating the impact of this colossal event.

FM Global Breaks Ground on Unique Loss Prevention Training Center in Singapore

Monday, August 22, 2016 · Patrick Burnson
FM Global, one of t­he world's largest commercial and industrial property insurers, today broke ground on the construction of a new loss prevention training and operations center, located in the Singapore Science Park
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