|
Article Excerpt We all know that a company's global supply chain is a potent strategic weapon, economically speaking. Unfortunately, it can also be a potentially fatal area of vulnerability. Consider the hundreds of millions of shipping containers that move among the world's seaports--about 80 percent of the world's cargo, which adds up to 5.8 billion tons per year--and you can see that there is a lot of room for error. Cargo could be lost, stolen, or most alarmingly, compromised by terrorists.
Securing the global trade lanes is a complex business problem that doesn't admit simple answers. The ports of the United States can't possibly inspect every one of the 7 million containers they handle each year, and with 200 million containers shipped globally each year, the ports of the world won't be inspecting 100 percent of their shipments either.
Why companies must secure their supply chains is obvious: As one senior executive of a Fortune 50 company said, "If an act of terrorism were committed using one of our containers, we believe it would be a company-ending event." How they should do so is much trickier.
Companies have two often-conflicting objectives: First, to get stuff through their supply chain...
|
|

More articles from Supply Chain Management Review
Design for supply: an evolutionary path: design for supply involves mo..., November 01, 2006 Survey of supply chain progress: still waiting for the breakthrough., November 01, 2006
Looking for additional articles?
Search our database of over 3 million articles.
Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication
name or publication date.
About Goliath
Whether you're looking for sales prospects, competitive information, company
analysis or best practices in managing your organization,
Goliath can help you meet your business needs.
Our extensive business information databases empower business
professionals with both the breadth and depth of credible,
authoritative information they need to support their business
goals. Whether it be strategic planning, sales prospecting,
company research or defining management best practices -
Goliath is your leading source for accurate information.
|
|