In April 2024, severe flooding in Germany and the Netherlands caused major disruptions to supply chains. The floods damaged warehouses and transportation networks, delaying the delivery of goods and raw materials. The manufacturing and retail sectors were particularly hard hit, with increased costs and delayed shipments affecting business operations. This incident highlights the importance of having comprehensive contingency plans to mitigate the impact of such natural disasters. We are the experts the experts turn to. https://lnkd.in/gkir7hbY Clearance level upon request. #SupplyChainVIsions #SupplyChainManagement #SupplyChains #GlobalBusiness #GlobalEconomy Photo Credit Bloomberg
The tenth person! Disasters remain an unfortunate reminder of not listening to the person that foretold dangers that can occur. Often called "alarmists" those persons tend to get shuttered and the ones who did not listen become crisis management heroes. 9 out of 10 continue in the same manner. The tenth person sounds the alarm but nobody listens. Anybody remember Y2K, the disaster that did not happen. Few of the women who worked on that project and prevented the Y2K disaster received deserved recognition.
Kristen Queen
1mo
Conversely, our region of Virginia is currently into week four of little to no measurable rainfall across most localities, and record high heat to add insult to injury. 90.4% of the Commonwealth is in some stage of drought monitoring with no relief in sight. This is going to have significant impacts on the agricultural sector with effects extending far and wide throughout this supply chain. https://www.drought.gov/states/virginia
Matthew Hunt
1mo
Never can understate the importance of contingency planning.
Carla Brees
1mo
I agree you should never underestimate the importance of contingency planning
Khaïry Varre
6d
The work you're doing is so important!
Curtis Kingery
1mo
The severe flooding in Germany and the Netherlands underscores the critical need for comprehensive contingency plans to mitigate supply chain disruptions caused by natural disasters!
Director
1moThe devastating floods in Germany and the Netherlands are one more stark example of the increasing vulnerability of global supply chains to climate change impacts. Ignoring the political tensions of why change is occurring, we are experiencing more frequent and intense extreme weather events, such as floods, droughts, and wildfires, disrupting supply chains and causing significant economic losses. Diversification and redundancy is the name of the game. However, they have to be driven by risk assessments, network, and scenario modeling. This data-driven approach informs which partners (corporate and national), technology, and infrastructure to invest in. By proactively analyzing and integrating climate change trends, we can build more resilient and sustainable supply chains that can withstand future challenges.