Supply chain video: Preparing for the worst, managing supplier risk in the downturn (Part 1)

Filed in archive Supply chain video on June 30, 2009

PMMS Leadership in Procurement: A Global Perspective in Troubled Times was an event organized some while ago in Montreal Canada. Since there are some interesting videos from the presentations in this event on the subject of supply chain management and risk reduction in general, I decided to share some of them with you. In this first series, Professor Rob Handfield from North Carolina State University gives a presentation titled "Preparing for the worst, managing supplier risk in the downturn" (Note: I have posted some other videos from him earlier this year).




In this first part, Prof. Hanfield starts with a discussion about the uncertainty in the current period. He continues with mentioning the fact that because of such uncertainty, many companies have ended up vulnerable and some of them going through bankruptcy or consolidation (acquisition by others). From supply chain perspectives, inflation will be a problem because many of the sources and organizations producing commodity are going down. That of course means bad news for procurement officers so they need to think about it...