Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.
In this episode of Supercharged Supply Chain, Ron and Joseph will discuss the notion of “resiliency”. How to build a robust enough supply chain so that any shocks can be recognized before they become a critical threat and, if the threats become a reality, how can a company best prepare to cope and avoid possible…
Our supply chains operate in a world that is full of Volatility, Uncertainty, Complexity, and Ambiguity; a VUCA world where; V = Volatility: there is a lack of stability with what being known today changes often without warning. U = Uncertainty: there is a lack of knowing all of the variables and being able to accurately predict operating conditions….
Be aware that criminals are attempting to exploit COVID-19 worldwide through a variety of scams. If you think you are a victim of a scam or attempted fraud involving COVID-19, you can report it without leaving your home by calling the Department of Justice’s National Center for Disaster Fraud Hotline at 866-720-5721 or submit the…
IBM X-Force has released a report on malicious cyber actors targeting the COVID-19 cold chain—an integral part of delivering and storing a vaccine at safe temperatures. Impersonating a biomedical company, cyber actors are sending phishing and spearphishing emails to executives and global organizations involved in vaccine storage and transport to harvest account credentials. The emails…
As the United States and the world deal with the ongoing pandemic, the FBI’s national security and criminal investigative work continues. There are threats you should be aware of so you can take steps to protect yourself. Children who are home from school and spending more time online may be at increased risk for exploitation….
By any definition, by any stretch of the imagination, the COVID-19 pandemic has been a transformational event that has affected, either directly or indirectly (probably both) each and every person on the planet. That the “story” of COVID-19 is being knocked off the front page by the media (like “climate change” before it) and replaced…
