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Supply chain risks: The knowable unknowns that can hurt your supply chain!

Kinaxis

by Dr. Madhav Durbha CSX, one of the only two railroad operators in the USA that handles nearly all the shipments that move by train east of the Mississippi River has been experiencing serious challenges since the month of May. This has led to increased costs, not to mention all the inventory stuck in-transit.

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Justifying Investments in Risk Avoidance

MIT Supply Chain

Insurance companies face this issue when selling disruption insurance, or when trying to convince manufacturers to reduce both the likelihood and impact of business interruptions through measures such as increasing inventory levels and developing alternative suppliers. 3. Hitch resilience to other goals.