Our hearts go out to the people of Japan as an unthinkable situation continues to unfold. The stark reality, however, is that businesses all over the globe must assess the impact of the disaster to their business and supply chains. As globalization has made our world smaller, the reverberations of such events are that much more impactful. As an example, numerous media outlets have recently reported that many shipping lines have halted lanes to and from Japan, and those that do get through now require additional screening to dock in port.
Analyzing the situation to assess how it will, or already has, impacted your supply chain is always a good place to start. Can you quickly assess:
The power of community is nowhere more prevalant than in real-time situations like these. We look forward to your experiences, thoughts, ideas, and feedback here on Exchange, and continue making contributions for relief efforts to the Red Cross.
Finally, we'll be discussing this topic on the April member call for the Strategic Sourcing & Procurement LinkedIn group. It's tentatively slated for Thursday April 28th at noon Eastern Time. Join the Group to get the details.