Resilinc Publishes 2015 EventWatch® Supply Chain Disruption Annual Report
Report Names the EventWatch Top 5™ Supply Chain Events of 2015
Milpitas, CA – February 2, 2016. Resilinc released online today its 2015 supply chain events annual report which summarizes and analyzes nearly 750 unique supply chain notifications and alerts generated by its EventWatch® 24X7 global event monitoring, alert, and analysis service.
Supply chain risk management practitioners subscribe to the EventWatch service to receive early warnings and analysis of supply chain incidents that can negatively impact revenue, market share, customer satisfaction, and shareholder value. EventWatch is the only service of its kind that personalizes the EventWatch client’s potential impact at the supplier site and part levels to quantify the potential revenue at risk.
The annual report analyzed incidents by risk type, industry, geography, severity, and seasonality and compared 2015 data in these categories with 2013 and 2014.
“2015 saw a high level of disruptive supply chain event activity as several significant events occurred throughout the year, from the major explosions at the Port of Tianjin last summer to numerous chart-topping typhoons in the critical Asia-Pacific region,” said Neil Shenoi, Resilinc EventWatch Program Analyst. “The arrival of El Niño in the latter half of 2015 spiked erratic and disruptive weather events which impacted global supply chains.”
The report also reveals The EventWatch Top 5™ supply chain events of 2015. The top 5 event ranking is driven by estimated aggregate revenue impact. This was calculated leveraging Resilinc’s database of over 80,000 suppliers and approximately 1.5 million parts which are tracked in its cloud supplier intelligence repository.
The top 5 events were (1) Typhoon Soudelor and (2) Typhoon Dujuan which both hit Taiwan, China and the Philippines, (3) Tianjin explosions at the Port of Tianjin, China, (4) Typhoon Mujigae which affected China, Vietnam and the Philippines, and (5) Typhoon Goni which affected parts of Taiwan, China, Japan, Korea, and the Philippines. Information in the annual report provides estimates of revenue impact, average site time-to-recovery (TTR) and the number of sites affected.
Key report highlights:
- For a third year in a row, factory fires/explosions were the most commonly reported supply chain event and represented 17% of EventWatch bulletins in 2015.
- For a third year in a row, the automotive industry was the most frequently impacted industry tracked by the EventWatch service, but by a relatively narrow margin compared with reported incidents that impacted the high tech and life sciences industries.
- In 2015, the majority of supply chain events reported by EventWatch occurred in Asia, followed closely by North America. In 2014, the lion’s share of supply chain events emanated from North America.
“What makes the EventWatch Annual Report different from “Top 10 Supply Chain Event” lists and other year-end reports and commentary is that it is driven by data and focuses on impacts to specific brands, suppliers, sites, and parts, based on a calculation of value-at-risk,” said Wayne Caccamo, Resilinc chief marketing officer. “This contrasts with other publications that provide a more qualitative assessments, based typically on estimates of damage to public or shared infrastructure; this tends to bias the focus toward downstream/logistics-related disruptions.”
About the EventWatch Annual Report
The EventWatch Annual Report aggregates, analyzes, and summarizes supply chain event information generated by the EventWatch® 24×7 global event monitoring, alert, and analysis service. EventWatch is the leading service of its kind and used by global corporations to improve their event responsiveness and crises preparedness. The EventWatch Annual Report is used by supply chain risk practitioners, analysts and executive stakeholders to understand global supply chain risk trends through a variety of lenses. It answers questions like: Which event types are most common or becoming more common? How does my industry compare to other industries in terms of the number of events experienced? Which regions are impacted the most? And, what months see the most incidents?
Resilinc is the leading cloud provider of supply chain resilience and risk management intelligence and analytics. Industry leaders like Amgen, GM and EMC rely on Resilinc to mitigate risks end-to-end, while achieving long-term competitive advantage, and building brand and shareholder value. The Resilinc SCRM solution platform and services deliver the fastest time-to-value and the lowest resource Impact. It accomplishes this by providing the world’s largest repository of supplier and part intelligence leveraging the power of our “LinkedIn” supplier community; the most robust set of dashboard visualization and patent-pending analytic functionality for pro-active planning and risk quantification; and the only solution that personalizes your impact analysis by automatically connecting incidents with your supply chain map so you don’t have to.