Search
 
Slideshow

The 5 hidden risks in your supply chain

First lesson: Don't overlook the human element.

By Rosalie L. Donlon | Updated on April 06, 2015

Modern manufacturing is no longer as simple as Henry Ford’s first moving assembly line in 1913. In 2015, multiple lines are often running at the same time, with parts attached by robotic arms.

Ford also sourced most of his supplies locally from the new parts factories around Detroit built to support the auto industry. It’s likely that he wouldn’t recognize today’s supply chain with parts and raw materials imported from around the world. Ford’s 1913 supply chain was vulnerable, but not to the same degree as manufacturers find in the 21st century.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.