In late February 2021, the U.S. President ordered a 100-day review into his country’s global supply chains, expressing concerns about availability of medicines, computer chips, minerals for advanced technologies and large batteries for electric vehicles. The executive order is the jumping-off point for this episode’s wide-ranging discussion on how the pandemic – and challenges distributing PPE and vaccines – has prompted global business leaders to scrutinize their own supply chain resilience. Alan Maner, sr. business risk consultant, explains where business leaders can start.
Valentine’s Day 2021 brought a freakish winter freeze that disrupted power, heat and water for millions of Texans. And it’s still not over. What can power companies and leaders of enterprises everywhere learn from it all? FM Global’s Allan Johnson, operations senior vice president and head of power generation, provides insights from being on the ground in Dallas.
Hackers successfully penetrated the network of a water treatment plant in Florida last week and dialed up the concentration of lye (an ingredient used in drain cleaner) by 10 times the desired level. Though detected, the attack could have posed a serious threat. Vulnerabilities like these are increasing in water, energy, industrial, chemical and electrical transmission systems. FM Global cyber risk expert Wade Chmielinski offers timely insights and advice for executives whose businesses rely on operational technology and industrial control systems.
China is the only major economy to report positive economic growth in 2020, a year that saw a global recession because of the COVID-19 pandemic. Other regions of Asia are clearly on the right track with a positive outlook for 2021. What lessons in resilience can business leaders glean from the region? FM Global’s Tan Hian Hong, based in Singapore, shares his insights.
"How could you let it happen?" That’s what many boards are asking CFOs and their teams when preventable business risks turn into disasters. Increase your odds of those threats just being a distraction by ensuring your business continuity plan is solid. Surprisingly many companies lack such a plan or haven't adequately tested it through disaster simulations. FM Global’s Lynette Schultheis shares real world best practices for dealing with these complex challenges.
An estimated US$10 trillion in intermediate goods flows through global supply chains every year, up threefold from 2000. And a company can be expected to have a supply chain disruption of a month or longer every 3.7 years, per one study. Add in COVID-19 risk factors, and supply chain resilience has never been more important. FM Global’s Philip Johnson, senior vice president, EMEA division manager, shares insights on how to achieve it.
Companies well prepared to stand up to Mother Nature preserve their shareholder value and poorly prepared companies may not, according to the latest research. What could that mean for your organization if it's publicly traded? Bret Ahnell, FM Global executive vice president, provides some useful advice to help your firm better meet shareholder expectations.
How does the changing climate threaten your business? And what, if anything, can you really do about climate risk during a pandemic? FM Global’s Katherine Klosowski, vp, manager of natural hazards, details the challenge and offers business leaders a path to resilience.
Discover how the Resilience Index (www.fmglobal.com/resilienceindex) can provide you with objective information about nearly 130 countries’ economic, risk quality and supply chain resilience as you site facilities, extend supply chains and cultivate customers post-pandemic.