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Current affairs


to disruption caused by demand spikes, production bottlenecks, regional instability and transport issues. For example, two thirds of the world’s supply of cobalt – an essential component in lithium- ion batteries, which are used in a wide range of products from mobile phones to electric cars – is mined in Congo, with instability in the region likely to drive a supply shortage in the near future. Other top causes of supply chain disruption, as highlighted in the BCI supply chain resilience report, include: 1. Accidents – fire, explosions, structural failures or hazardous spills.


2. Shortage of skilled labour. 3. Adverse weather and natural catastrophes.


4. Cyber attacks and data breaches. 5. Transport network disruption. Other supply chain risks which are likely to become more prevalent in the near future include the following: 1. Trade wars – Brexit, new import tariffs and other trade barriers.


2. Stricter environmental regulations, with local air quality policies being introduced across the Asia Pacific.


3. Increased waiting times on EU-UK and US-Mexico borders will result in increased costs and delays.


4. Drones – close proximity drone activity


presents greater risks to aviation logistics operations.


5. Climate change, with companies likely to face an increasing number of weather related disruptions.


There is little doubt that the move towards market globalisation has increased the size, complexity and dynamics of supply chains. By being connected to a greater number of supplier plants, facilities, service providers and customers across the world, you inevitably increase the likelihood of your business suffering a supply chain disruption somewhere in the network. And we also know that any interruption to your business could be damaging to your brand, impacting on profit, reputation and customer confidence. Many of the common causes of supply chain disruption which have been identified can be difficult to predict, occur through no fault of your own and be time consuming to overcome, affecting your ability to deliver your key products or services to customers. The majority of our members and readers


probably have robust business continuity arrangements in place, and so are able to react and put plans in place quickly if a key piece of machinery breaks down, there is a power outage or denial of access to a factory. But do you know if your suppliers have similar arrangements in place, and share your


FOCUS


www.frmjournal.com MAY 2019


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