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Tag / supply chain

Unmanaged third-party risks are costing businesses

Unmanaged third-party risks are costing businesses

News   •   May 24, 2017 16:53 BST

As companies outsource processes and services, they expose themselves to a plethora of third-party risks. Whether it's data security, business disruptions or compliance risks, organizations must have the relevant measures in place to mitigate their potential impact on business continuity and reputation.

Global supply chains continue to face a range of security, social responsibility, and business continuity risks

Global supply chains continue to face a range of security, social responsibility, and business continuity risks

News   •   May 23, 2017 14:49 BST

In 2016 global supply chains continued to face a range of security, social responsibility, and business continuity risks, with many of these issues provoked by one another, according to BSI's Global Supply Chain Intelligence Report.

A definitive ranking of countries most resilient to the pressures of the 21st century

A definitive ranking of countries most resilient to the pressures of the 21st century

News   •   May 22, 2017 09:33 BST

Switzerland, Luxembourg and Sweden are the three countries most resilient to the pressures of the 21st century according to the 2017 FM Global Resilience Index, with Nepal, Venezuela and Haiti making up the bottom three on their list.

Managing the supply chain

Managing the supply chain

News   •   May 09, 2017 08:32 BST

Has your organization experienced a disruption to its supply chain? What were the causes and consequences of those disruptions? Help inform our next Supply Chain Resilience Report by taking a few minutes to complete the survey, and be in with a chance of winning a £100 Amazon gift card.

UK businesses not fully prepared for the Modern Slavery Act

UK businesses not fully prepared for the Modern Slavery Act

News   •   Mar 31, 2016 15:22 BST

From the 1st April this year, the Modern Slavery Act comes into force in the UK and businesses with a turnover of £36 million or more will be required to make an annual statement setting out the steps they have taken to stamp out slave and child labour from their supply chains.

Threats to the supply chain

Threats to the supply chain

News   •   Mar 24, 2016 10:07 GMT

​Theft, conflict, weather, labour unrest are all impacting on our supply chains and costing tens of billions of dollars each year, according to the ​Supply Chain Risk Exposure Evaluation Network published by ​BSI.

Organizations ill-equipped to manage the risks posed by third parties

Organizations ill-equipped to manage the risks posed by third parties

News   •   Mar 18, 2016 16:37 GMT

Almost nine in 10 (87%) organizations have faced a disruptive incident involving third parties in the last three years, with incidents including loss of data by a third party, or failure to deliver a service or product on time. The new study by ​Delo​itte also highlighted the increasing frequency and impact of these disruptions.

The cyber threat to supply chains

The cyber threat to supply chains

News   •   Oct 29, 2015 16:33 GMT

In the latest edition of the Business Continuity Institute's Working Paper Series, Gianluca Riglietti investigates cyber supply chain resilience and highlights why business continuity is so important in helping to achieve this.

Reputational damage across the supply chain

Reputational damage across the supply chain

News   •   Jul 30, 2015 16:10 BST

The risk of organizations breaching international human rights regulations has risen significantly over the last quarter as key Asian economies adapt to tougher economic conditions. This is the conclusion of the latest Risk Index Report from BSI which it identifies China, India, Vietnam, Bangladesh and Myanmar as the five highest risk countries for human rights violations.

The global cost of supply chain disruption

The global cost of supply chain disruption

News   •   Apr 22, 2015 09:22 BST

​Rapid economic growth in emerging economies, labour disruptions, political instability and a disease outbreak in West Africa led to a rise in business losses in 2014 according to the latest Global Supply Chain Intelligence report from BSI Supply Chain Solutions.

Definitive ranking of supply chain resilience around the world

Definitive ranking of supply chain resilience around the world

News   •   Apr 10, 2015 12:21 BST

​Norway, Switzerland, Netherlands and Ireland are considered the countries most resilient to supply chain disruption according to the ​2015 FM Global Resilience Index. The index highlights the risks that come with operating in various countries and quantifies all the vulnerabilities these countries have in a definitive ranking of supply chain resilience around the world.

Working Paper Series Issue 2: Supply chain resilience

Working Paper Series Issue 2: Supply chain resilience

News   •   Aug 19, 2014 10:34 BST

To support business continuity professionals in helping to assess their supply chains, the Business Continuity Institute has just published its latest Working Paper which uses a series of statistical comparisons from previous studies to look at the influence the number of suppliers an organisation has on the frequency and cost of supply chain disruption.

Keeping your eye on the ball (or your supply chain, that is)

Keeping your eye on the ball (or your supply chain, that is)

Blog posts   •   Aug 05, 2014 10:55 BST

Any professional dealing with supply chains knows how complicated its management is. Supply chain disruptions are Murphy’s Law exemplified – anything that can go wrong, will. In the last five years, respondents of the global BCI Supply Chain Resilience Survey have named all sorts of consequences that supply chain disruptions may bring.

Responding to global risks

Responding to global risks

News   •   Jun 19, 2014 12:18 BST

Business leaders are not doing enough to prepare for the risks that arise from our increasingly inter-connected world, such as government debt crises, extreme weather events and social instability, claims the Institute of Directors in a new report, Responding to Global Risks: A practical guide for business leaders.

A vision of the future

A vision of the future

Blog posts   •   Feb 13, 2014 11:13 GMT

I’m relatively new to business continuity management, with only a little over ten years’ experience in this industry that is said to be made up of the 'Men in Grey'. Someone said this to me at last year’s BCI World Conference, I then looked in the mirror and sure enough that was me already. So what incenses me and what gives me hope that as an Institute we are making progress?

Media no image

Lack of supply chain visibility affecting business performance

Press Releases   •   Nov 07, 2013 08:37 GMT

Business Continuity Institute research has revealed that three quarters of business experienced at least one supply chain disruption during the past year, with the same percentage admitting they have a complete lack of visibility of their supply chain

Business Continuity relationship with other activities

Business Continuity relationship with other activities

Blog posts   •   May 20, 2013 14:00 BST

BC shares common goals and objectives with other management activities. When implemented correctly and with maturity, BC can provide significant benefit through the sharing of key information and the prioritisation of activities.

Debate Unlimited – A glimpse into the Executive Forum

Debate Unlimited – A glimpse into the Executive Forum

Blog posts   •   Apr 22, 2013 08:54 BST

With this year’s Executive Forum running on 12th and 13th June in Brussels, it seems a good time to look back at the two earlier Forums. What does happen when 600+ years of BC experience converges on Brussels each year for two days?

Meeting the Supply Chain Complexity Challenge - Part Two

Meeting the Supply Chain Complexity Challenge - Part Two

Blog posts   •   Apr 01, 2013 10:44 BST

How are organisations dealing with the challenge? On the question of multiple tiers in the supply chain, there was common agreement on the need to gain better visibility but divergence of approach in practice. Some organisations were looking at better methods to manage tier two supplier relationships, while others recommended that the best approach was to work with tier one suppliers.

What’s driving supply chain complexity? Part One

What’s driving supply chain complexity? Part One

Blog posts   •   Mar 25, 2013 17:29 GMT

In the BCI’s report Horizon Scan 2013, one of the key trends of concern identified by Business Continuity professionals was “increasing supply chain complexity”. So on Tuesday 19th March, the BCI and the Chartered Institute of Purchasing & Supply (CIPS) convened a roundtable of senior supply chain, risk and business continuity practitioners from diverse sectors to share experiences.