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Managing supply chain risk in a post-COVID-19 world | East Asia Forum

At the recent G20 Finance Ministers meeting in Riyadh, French Finance Minister Bruno Le Maire — a staunch advocate of deepening economic integration — posed a question which just a few years ago would have seemed inconceivable:

‘Do we want to still depend at the level of 90 per cent or 95 per cent on the supply chain of China for the automobile industry, for the drug industry, for the aeronautical industry or do we draw the consequences of that situation to build new factories, new productions, and to be more independent and sovereign?

That’s not protectionism — that’s just the necessity of being sovereign and independent from an industrial point of view’

Think of coronavirus as a test run: Australian military leaders warn we must prepare for worse | ABC News

As Australia was swept by panic buying and medical shortages this year, the scenes were eerily familiar for one of the country's most senior military planners.

In a secret meeting only a year earlier, the Defence Department's director of preparedness Cheryl Durrant and a group of Australian industry leaders had predicted a strikingly similar scenario.

"We predicted the unpredictable," says Ms Durrant, who left the department in January.

Neglecting idle facilities amid COVID-19 will cost companies dearly | FM Global
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As distracted corporate executives close offices, plants and warehouses to reduce COVID-19 spread, other worrisome risks are emerging at these now-idle facilities. In addition to fires, vandalism and theft, spring flood season is beginning in the U.S., and hurricane season starts in a mere two months, leaving understaffed facilities potentially vulnerable. Additionally, earthquakes and tornadoes have continued to occur during the pandemic, as the U.S. has seen recently.
A practical approach to supply-chain risk management | McKinsey & Company
In the last decade, a number of organizations have been rocked by unforeseen supply-chain vulnerabilities and disruptions, leading to recalls costing hundreds of millions of dollars in industries ranging from pharmaceuticals and consumer goods to electronics and automotive. And multiple government organizations and private businesses have struggled with cybersecurity breaches, losing critical intellectual property due to failures in the supplier ecosystem.