Resilinc Corp. has joined with the International Consortium for Organization Resilience (ICOR) to create a management course on supply-chain resiliency.
Bangladesh is a dangerous place to work in a factory as the Rana Plaza building collapse shows. Local health and safety regulations are so weak that last spring, even before the Rana Plaza disaster, executives at Disney decided they would no longer source toys and apparel from Bangladesh. The company felt the risk to its reputation wasn't worth the low cost of production.
Almost two thirds of businesses have experienced disruption to their value chains as a result of events beyond their control, according to an Oracle survey of large organizations in the Europe-Middle East-Africa (EMEA) region.
Managing the risks imposed by suppliers and third-party service providers has become increasingly difficult and expensive. At the same time, the risks imposed by these relationships keep on getting larger and more costly. Yet procurement and risk personnel are expected to do more with less.
The Open Group Trusted Technology Forum, a global consortium formed to create information-technology standards and certifications, has published the Open Trusted Technology Standard (O-TTPS).
The cost of Somali piracy to the global economy has declined by 12.5 percent since 2011 as attacks fell sharply, a survey showed, but the cost of armed guards to protect ships soared. The annual report by the Oceans Beyond Piracy advocacy group estimated the cost of piracy at $5.7bn to 6.1bn in 2012.