If you knew when and where a major supply chain event was going to happen, would you be sufficiently motivated to start taking precautionary risk management measures today? Or would the “diving catch” mentality of saving the day when the moment comes be the prevailing approach?
A strong El Niño is coming. The recent flooding from Severe Tropical Storm Etau in Japan is the first significant manifestation of El Niño and it may serve as a wakeup call. Even if you are not impacted by Etau, this is a test of your risk management and resiliency leadership and culture. If you get blindsided by El Niño, you have no one but yourselves to blame.