ANALYSIS: Tsunami, floods and dual sourcing: whatever happened to risk management?
Two recent natural events, the Japanese tsunami in March 2011 and more recently the autumn floods in Thailand were both human and economic tragedies and showed that man, whatever his illusions, is still not master of the planet. At a more practical industrial level, should they also be seen as a wake-up call to global industry to reassess its supply-chains, sourcing philosophy, dual sourcing and strategic risk management?
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