Skip to content
Resilic Logo
  • Solutions
        • Solutions

          • EventWatchAI
          • RiskShield
          • Multi-Tier Mapping
          • CommodityWatchAI
          • Supplier Assessment Library
        • Data Marketplace

          • Autonomous AI Mapping
          • Resilinc Disruption Vulnerability Index
          • R Score
          • Supplier Screening
          • Application Programming Interface (API)
        • Services

          • Advisory Services
          • Data and Intelligence Services
        • Elevate your Supply Chain Risk and Resiliency Program

          Schedule Demo
  • Use Cases
        • By Industry

          • Aerospace, Defense, Government
          • Automotive and Industrial
          • Healthcare & Life Sciences
          • High-Tech & Semiconductor
        • By Role

          • Supply Chain Risk & Resiliency Program Managers
        • By Business Need

          • Business Continuity Planning
          • Uyghur Forced Labor Prevention Act (UFLPA)
        • Elevate your Supply Chain Risk and Resiliency Program

          Schedule Demo
  • Resources
        • Learning Center

          • Blog
          • Case Studies
          • Event
          • On Demand Webinars
          • White Paper & Reports
        • Connect

          • Schedule Demo
          • Request Pricing
        • Special Reports

        • Special Report
        • Find valuable resources for managing supply chain disruptions in our Special Reports section.

        • Elevate your Supply Chain Risk and Resiliency Program

          Schedule Demo
  • Company
          • About Resilinc
          • Partners
          • Careers
          • Resilinc In the News
          • Press Releases
          • The Risk Game
        • Elevate your Supply Chain Risk and Resiliency Program

          Schedule Demo
  • Pricing
  • Contact
Login
Schedule Demo
Resilic Logo
  • Solutions
    • Solutions
      • EventWatchAI
      • RiskShield
      • Multi-Tier Mapping
      • CommodityWatchAI
      • Supplier Assessment Library
    • Data Marketplace
      • Autonomous AI Mapping
      • Resilinc Disruption Vulnerability Index
      • R Score
      • Supplier Screening
      • Application Programming Interface (API)
    • Services
      • Advisory Services
      • Data and Intelligence Services
  • Use Cases
    • By Industry
      • Aerospace, Defense, Government
      • Automotive & Industrial
      • Healthcare & Life Sciences
      • High-Tech & Semiconductor
    • By Role
      • Supply Chain Risk & Resiliency Program Managers
    • By Business Need
      • Business Continuity Planning
      • Uyghur Forced Labour Prevention Act (UFLPA)
  • Resources
    • Learning Center
      • Blog
      • Case Studies
      • Events
      • On Demand Webinars
      • White Papers & Reports
    • Connect
      • Schedule Demo
      • Request Pricing
    • Special Reports
  • Company
    • About Resilinc
    • Partners
    • Careers
    • Resilinc In the News
    • Press Releases
    • The Risk Game
  • Pricing
  • Contact
  • Login
  • Schedule Demo
Menu
  • Solutions
    • Solutions
      • EventWatchAI
      • RiskShield
      • Multi-Tier Mapping
      • CommodityWatchAI
      • Supplier Assessment Library
    • Data Marketplace
      • Autonomous AI Mapping
      • Resilinc Disruption Vulnerability Index
      • R Score
      • Supplier Screening
      • Application Programming Interface (API)
    • Services
      • Advisory Services
      • Data and Intelligence Services
  • Use Cases
    • By Industry
      • Aerospace, Defense, Government
      • Automotive & Industrial
      • Healthcare & Life Sciences
      • High-Tech & Semiconductor
    • By Role
      • Supply Chain Risk & Resiliency Program Managers
    • By Business Need
      • Business Continuity Planning
      • Uyghur Forced Labour Prevention Act (UFLPA)
  • Resources
    • Learning Center
      • Blog
      • Case Studies
      • Events
      • On Demand Webinars
      • White Papers & Reports
    • Connect
      • Schedule Demo
      • Request Pricing
    • Special Reports
  • Company
    • About Resilinc
    • Partners
    • Careers
    • Resilinc In the News
    • Press Releases
    • The Risk Game
  • Pricing
  • Contact
  • Login
  • Schedule Demo
  • Solutions
    • EventWatchAI
    • RiskShield
      • Supplier Assessment Library
      • Business Continuity Planning
    • Multi-Tier Mapping
      • Resilinc Supplier Network
    • Autonomous AI Mapping
    • CommodityWatchAI
    • Data Products and Offerings
    • Supply Chain Risk and Resiliency
      • Advisory Services
      • Data and Intelligence Services
  • Industry
    • Aerospace and Defense
    • Automotive & Industrial
    • Healthcare & Life Sciences
    • High-Tech & Semiconductor
  • Pricing
  • Resources
    • Learning Center
    • Special Reports
    • Events
    • Developer API
  • Company
    • About
    • Partners
    • News
  • Contact
  • Blog
  • Careers
  • Demo
  • Login
  • Customer Hub

Home / Blogs / 2018 EventWatch Summary – Year of Global Uncertainty

Asian Business Facebook

2018 EventWatch Summary – Year of Global Uncertainty

Mar 04, 2019

Shahzaib Khan

Uncategorized

Download the full 2018 annual report Download Report now

For corporations with international supply chains, 2018 provided many familiar challenges—from managing the impacts of fires and natural disasters on suppliers and logistics vendors to analyzing the risks that a merger and acquisitions (M&A) could lead a supplier to stop producing certain parts or components. But Resilinc’s 2018 EventWatch data and our qualitative analysis of supply chain issues affecting our customers reveal that highly fluid geopolitical issues— especially the U.S.-China trade conflicts and Brexit—posed some of the most potentially costly and disruptive supply chain impacts in 2018. And early indications are these will continue through 2019 at the least.

As this report was being finalized a few weeks before the March 29 Brexit deadline, Great Britain and the European Union had not reached a trade agreement. This meant that every company importing or exporting across UK/EU borders was facing possible new tariffs as high as 4.5%—multiplied by two or three for products that cross borders multiple times. And delays at new customs checkpoints threatened to derail finely tuned inventory management practices.

Similarly, there was tremendous uncertainty over tariffs imposed by the U.S. on Chinese imports, by reciprocal Chinese tariffs on U.S. goods. Well into the first quarter of 2019, supply chain managers were weighing multiple U.S.-China trade scenarios: Would tariffs be maintained, increased, reduced? Would prospects improve for a trade deal in the second or third quarter? Would the U.S. trade representative grant more tariff-exclusion requests from U.S. importers on top of those granted for 984 products in December 2018?

In the taxonomy of Resilinc’s EventWatch, changes in tariffs and trade policies are reported to our customers as Regulatory Change events; and in 2018, the number of these events occurring increased by 640%. While some of the change can be attributed to a refinement in our criteria, this data point—as well as the 370% year-on-year increase in Protests/Riot events—speak to growing political turmoil globally.

To be sure, there were plenty of more immediately disruptive events in 2018. The top 5 most significant events were all natural disasters: four extreme weather events and the February 2018 Taiwan Earthquake. In combination, these natural disasters impacted more than 24,000 supplier sites with an average time to recovery (TTR) of between 19 and 25 weeks.

Throughout the year, Resilinc’s EventWatch system issued a total of 2,629 event alerts—more than seven per day, on average. Of these, we classified 907 events as those impacting our customers’ mapped supplier sites, and therefore requiring an impact assessment. Overall, our event data showed that 21,152 suppliers and 58,191 supplier sites producing 552,950 parts across Tiers 1, 2 and lower tiers were potentially affected during 2018.

Of the 40+ types of events we monitored in 2018, the five that occurred most frequently were: Merger & Acquisitions Factory Fire/ Explosions; Reorganization/ Management Change; Business Sale or Spin-off; and Factory Shutdown/Disruption.

What can be said with certainty is that 2018 showed continuing acceleration in risk and uncertainty for supply chain managers. One particularly concerning data point that emerged in our 2018 EventWatch data: 66% of the sites EventWatch flagged as potentially affected by an event were manufacturers; and of these, only 12% had identified an alternate manufacturing site to meet customer needs in the event of disruption to the primary manufacturing site.

With the global supply chain so fraught with uncertainty and instability at the moment, supply chain professionals should be examining where sole-source manufacturing suppliers make their supply chain vulnerable and how they can work with suppliers to identify and qualify alternate manufacturing sites. This is just one example of the opportunities to reduce risks of disruption and improve the overall resiliency of the supply chain systems that are at the heart of companies’ performance and profitability.

Resilinc Annual Report 2022 - Turbulence

Whitepaper

Cutting-edge Insights from Resilinc's Annual Report 2022

Be Prepared with the Latest Trends and Exclusive EventWatchAI Data to Step Up Your SCRM

Download Now

Recent Posts

Q&A with 2023 Women in Supply Chain Winner Beth Cook

As the DSCSA Compliance Date Nears, are Pharmaceutical Supply Chains Ready?

Top 5 Aerospace Industry Supply Chain Disruptions of 2023

Panama Canal Drought: Lower Water Levels, Higher Supply Chain Risk

China’s Export Restrictions on Germanium and Gallium  

4 Ways to Develop a Demand-Responsive Supply Chain

Top 10 Supply Chain Disruptions: 2023 Midyear Recap

The EU Deforestation Regulation (EUDR): What You Need to Know

About Resilinc

We’re the world’s leading supply chain monitoring, mapping, and resiliency solution. Over 100k organizations partner with us to take their SCRM programs from reactive to resilient.
Request Demo

Recent Blogs

Loading...
Q&A with Resilinc's Beth Cook 2023 Women in Supply Chain Winner
Sep 19, 2023
5 MIN READ
Resilinc Editorial Team

Q&A with 2023 Women in Supply Chain W...

Supply & Demand Chain Executive just announced the Women in Supply Chain award winners—and Resilinc’s...
Customer success, Supply chain management
A variety of colorful pharmaceuticals.
Sep 12, 2023
3 MIN READ
Resilinc Editorial Team

As the DSCSA Compliance Date Nears, a...

Supply chain shortages have led to frustration at the pharmacy counter for many this year....
Healthcare, Human Health, Supply Chain Resilience
A picture of an airplane flying through a storm.
Sep 05, 2023
5 MIN READ
Resilinc Editorial Team

Top 5 Aerospace Industry Supply Chain...

The aerospace industry has recently seen increased demand for air travel, gradually returning to pre-pandemic...
Aerospace, Eventwatch
Read All Blogs

Who's in your supply chain?

Better visibility starts now

Email Now|Call Now|Chat Now

Receive our monthly NewsWatch digest

Subscribe
Resilinc Logo

Most Trusted, Cognitive Supply Chain Risk Management Platform

Solutions

Blog

Careers

Company

  • About
  • News
  • Events
  • About
  • News
  • Events

Resources

  • White Papers & Reports
  • Case Studies
  • On-Demand Webinars
  • White Papers & Reports
  • Case Studies
  • On-Demand Webinars

Follows Us

Facebook-f Twitter Linkedin

Sales: [email protected]
Support: [email protected]
Partnerships: [email protected]

Resilinc Logo

Most Trusted, Cognitive Supply Chain Risk Management Platform

Company

  • About
  • News
  • Events
  • About
  • News
  • Events

Resources

  • White Papers & Reports
  • Case Studies
  • On-Demand Webinars
  • White Papers & Reports
  • Case Studies
  • On-Demand Webinars
  • Solutions
  • Blog
  • Careers
  • Solutions
  • Blog
  • Careers

Follows Us

Facebook-f Twitter Linkedin

Sales: [email protected]
Support: [email protected]
Partnerships: [email protected]

© 2023 Resilinc Corporation. All rights reserved.

Data Security

Privacy Policy

Can Reshoring Stabilize the Semiconductor Supply Chain?

Learn more in our in-depth report about disruptions impacting reshoring growth, the semiconductor workforce gap, and actionable risk mitigation strategies.

           Download Now