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Tag Archives: black swans

Long-Term Impact of Catastrophic Events

– “Out of sight, out of mind.” So it is with many aspects of life. We forget sometimes that recovery from major catastrophes can take a very long time. It shouldn’t be surprising, therefore, to learn that the aftermath of the March 11, 2011 tsunami that hit northern Japan continues to affect…

High-Tech Impact of Typhoon Haiyan … Who Knew?

– In my own mind, I have divided major disasters, usually resulting from natural events, into two distinct categories: those that impact supply chains and those that do not. Many catastrophes, which have the highest tolls in terms of human lives lost, are tragic and painful, but they often don’t…

Supply Chain Risk Management and Catastrophes

– The reports of destructive events—natural disasters, accidents, and intentional attacks—just keep on going. We could all guess that the Japanese tsunami of March 11, 2011 would have major impact on manufacturers’ supply chains … but a tornado in Wichita, Kansas and a fire in a plant in…

Black Swans … or Oil Victims?

– There is an article in The New York Times Magazine of June 6, 2010 by David Leonhardt with the title “Underestimating Risk: What the oil spill and the financial crisis have in common.” It is in a section called “The Way We Live Now,” and next to the section heading there is a drawing of…

EMP (Electromagnetic Pulse) – Yet Another Critical Infrastructure Concern

– I recently attended several conferences at which the issue of hardware malware – or compromised electronic circuitry – was brought up as a significant threat. There has been disquietude for some time with respect to evildoers purposely inserting circuitry into devices, such as point-of-sales…