Resilience – the capacity to recover quickly from difficulties; toughness.
Why It Matters. It’s not enough to excel at a steady state — firms also need the resilience to respond to irregular operations and conditions. Systems thinking can help. Fresh off a year-plus of supply chain disruptions and irregular operations precipitated by the global pandemic, organizations should make time to rethink resiliency and risk management….
Why It Matters. MIT Sloan experts offer a systematic approach to organizational resilience that can help leaders manage risk and rebound rapidly when catastrophic events strike. Consider the recent system failures at Southwest Airlines that put the brakes on holiday travel. Or the Deepwater Horizon oil spill or the Norfolk Southern freight train derailment, both of which rapidly became…
Structural shifts in the labor market have left companies struggling to recruit and retain workers. But a set of concrete actions can help address this imbalance across value chains. As the US economy recovers post-pandemic, demand for labor has outstripped supply. Companies are facing the “Great Attrition,” coupled with increased competition for labor. The transportation and…
Precautionism; The quest for resilience involves reaching for facts, friends and fortification When covid-19 led to a scramble for face masks, Lloyd Armbrust saw America’s shortage as “a really dumb problem to have”. But after his company’s first face mask came off the production line in Austin, Texas, he faced problems of his own. A…
In this episode, Ron and Joseph discuss the supply chain and logistical challenges that are supposedly global in nature. Certainly, the news reports coming from the United States and as witnessed from producer to consumer indicate there is severe strain. But the news coming from other parts of the world and accompanying experiences tell quite…
With Southern California seaports overburdened by commercial ships and pandemic and supply-driven delays in moving cargo, the Navy agreed to allow cargo-carrying vessels to use one of its military wharves at Port Hueneme, Calif. Port Hueneme is the only deep-water port sited between San Francisco and Los Angeles that can support the heavy, large commercial…
