SupplyChain Magazine October 2022 | Page 134

Ask what else might happen next
Consider other geopolitical factors
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Ask what else might happen next

For supply chain professionals , Black Swan events can come in all shapes and sizes , from a macro disruption , such as war in Ukraine or a cargo ship accidentally corking the Suez Canal , to a company-specific problem , such as the failure of a subcontractor . In the long run , anticipating those risks and then acting to head off their impact may turn out to be the most important thing you do this year .

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“ In the long run , anticipating those risks and then acting to head off their impact may turn out to be the most important thing you do this year ”

Consider other geopolitical factors

Wars often have unexpected knock-on effects in other places . What events are likely to happen now than before the Russian invasion ? What impact will the war have on the next European elections ? What will happen to international trade agreements ? How can you protect yourself against those other potential stressors ?
134 October 2022