article thumbnail

Supply chain risk management in 2017

Kinaxis

The 2010 volcanic eruption in Iceland. The 2011 Tōhoku Earthquake and Tsunami. Maybe the one good thing to come out of it was some companies figured out how they could survive with lower inventories. Some suppliers weren’t so lucky. In 2009, I’m sure most we’re thinking, “How much worse could it get?”. Well, it got a lot worse.

article thumbnail

Resilience and Agility in Supply Chains: Navigating Change in a Dynamic World

The Logistics & Supply Chain Management Society

For instance, during the 2011 earthquake and tsunami in Japan, Toyota’s robust supply chain resilience allowed it to quickly recover and restore operations. Organizations now need to consider the potential ripple effects of disruptions across their extended supply networks.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supply Chain Disruptions or Minor Inconveniences?

Logility

Can you anticipate and properly plan for once in a lifetime events like last year’s Icelandic volcano, and the earthquake and subsequent tsunami earlier this year in Japan? How do you plan for the unimaginable? Probably not.

article thumbnail

Supply Chain Disruptions or Minor Inconveniences?

Logility

Can you anticipate and properly plan for once in a lifetime events like last year’s Icelandic volcano, and the earthquake and subsequent tsunami earlier this year in Japan? How do you plan for the unimaginable? Probably not.

article thumbnail

This Week in Logistics News (August 28 – September 1, 2017)

Talking Logistics

Iceland Gets On-Demand Drone Deliveries (BloombergTechnology). As I wrote following the earthquake and tsunami that devastated Japan in March 2011, the reality is that there is relatively little companies can do right now to minimize the impact of these disruptions. Infor Expands the Power of the GT Nexus Commerce Network.

article thumbnail

Supply Chain Resilience Core Capacities

MIT Supply Chain

For example, the 2010 Eyjafjallajökull volcano eruption in Iceland caused a primary loss of freight transportation capacity, but that loss also robbed many companies of supply capacity. hoku earthquake disaster of 2011 did have a high, global impact, but the disruption was felt primarily in just one area of capacity: supply.