In the just released Global Risks Report by the Word Economic Forum, supply chains are characterized as one of several crucial networks consisting of highly interdependent relationships, all of which are in need of attention and any of which might serve to differentiate resilience from catastrophe. The authors write:
...a renewed focus on prevention,
preparedness and resilience, rather
than reaction and compliance, would
likely improve security actors’ ability to
manage known and unknown security
risks. There exists important know-how
and resources in the private sector
that can improve preparedness and
mission-critical planning processes in
a global security context – using data
to track the progress of risk factors,
sharing information on where and
when crimes occur, and establishing
mechanisms for harnessing industry
supply chains during complex
emergencies – are a few examples of
how security arrangements could be
updated.
Rather than wait for crises to happen,
or sleepwalk into the dystopian
scenarios described above, it is
critical to identify potential inflection
points and focus on finding solutions
rather than just containing problems,
and adapt relevant structures
accordingly.
It can be helpful to state what ought be obvious, but is too often neglected. The author also write,
The resilience
of any individual business depends
heavily on the resilience of its suppliers
and purchasers, whose supply chains
can span many countries.
Increasingly, businesses need
to strengthen their scenario and
emergency planning capacity to
analyse complex and often uncertain
interdependencies if they are to build
resilience to global risks.
The scenarios offered by the Global Risks Report are, as noted above, dystopian. If the WEF reflects the worldview of the so-called One Percent, they envision an increasingly risky world.
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