Many companies claim to have effective programs in place for dealing with supply-chain disruptions. Now they have a chance to prove it.

The global business community should be aware that the impact on supply chain operations worldwide - from the two massive explosions that occurred Aug. 12 at the Ruihai International Logistics warehouse in Tianjin, China - will be far worse than suggested by news analysts and Chinese officials, says Resilinc CEO Bindiya Vakil.

The top five events causing disruption to supply chains in 2014 were Typhoon Halong in western Japan with a revenue impact of more than $10bn, severe flooding in Long Island, New York, with a revenue impact of more than $4bn, Typhoon Rammasun in China and Vietnam, which caused a revenue impact exceeding $1.5bn, the Taiwan gas explosions and their $900m impact, and the Intel hazardous chemical spill in Arizona, which also had a revenue impact that topped $900m.

Resilinc has released an application that aids companies in meeting the Securities and Exchange Commission's new reporting rules on conflict minerals in manufactured goods.