The Business Continuity Institute ’ s most recent report on supply chain resilience notes that :
The Business Continuity Institute ’ s most recent report on supply chain resilience notes that :
• Logistics disruption has occurred across all transportation types .
• Increases in container charges from China has led to organizations moving goods by air , despite the high cost .
• Organizations are looking to make supply chains more efficient to help with delays .
• As well as Covid , supply chain disruptions were also caused by cyber attacks and data breaches and severe weather .
• A total of 16.7 % of organizations report a ‘ severe ’ loss of revenue due to supply chain disruptions
importance of empowering teams to voice doubt in order to mitigate risk . King certainly knows a thing or two about risk ; he was Governor during the 2008 credit crunch .
In his co-authored book ‘ Radical Uncertainty : Decision-making for an unknowable future ’, he uses the presidential behaviour of John F Kennedy to show how important team empowerment is for avoiding bad outcomes .
In 1961 , Kennedy oversaw the disastrous Bay of Pigs invasion of Cuba . With hindsight , says King , Kennedy realised he had presided over meetings in which officials were afraid to voice doubt . They clustered around Kennedy ’ s preferred option : invasion . King points out that when the potentially worldthreatening Cuban missile crisis erupted a year later , Kennedy handled it differently . He actively sought criticism , and the result was compromise : the Soviets pulled their
64 January 2022