Web Seminars
When Catastrophe Becomes Commonplace: How to Build Resilient Supply Chains for the New Disruptive Economy
Original Broadcast Date: Tuesday, May 24, 2011
Time: 1:00 pm ET | 10:00 am PT
Cost: Free
Sponsored by
An earthquake and tsunami trigger nuclear and economic crisis in Japan. Tumult spreads like wildfire across the Middle East. Literal wildfires – and tornadoes, floods, drought, and other climactic crises – are daily headlines. Even piracy on the high seas threatens international transport. As for the Gulf of Mexico oil spill – it’s only been a year, but it seems long, long ago.
We’re becoming conditioned to commonplace catastrophe; we're learning to expect the unexpected. And thanks to the global economy, large-scale disruptions such as the Japanese crisis create global ripple effects that impact any business connected to a global supply chain. (These days, that means virtually any business, not just traditional manufacturers and retailers.) The questions then become: in the new, disruptive economy, how do we truly prepare for commonplace catastrophe in our globally interlinked businesses? How do you mitigate risk that can come from any quarter – of the globe? What if the damage to your supply chain or your enterprise is tangible, but not physical? Within the near-infinite universe of things that might go wrong, how do you prioritize and focus limited risk management resources and your investment in insurance coverage?
Fortunately, there's a strategic approach – “design for resiliency” – that takes into account these and other challenges of the disruptive economy. To discuss how you design your supply chain and insurance coverage for resiliency, National Underwriter and propertycasualty360.com will convene two premier experts – Gary Lynch, leader of global supply chain risk management at Marsh Risk Consulting, and Mike Kerner, CEO of the global corporate business line at Zurich North America. At this web seminar, our experts will walk attendees through a resilient design framework that:
- Identifies single points of failure (SPOF), from source (e.g. the mine or growing field) to the end customer, that expose the supply chain to systemic risk
- Encompasses, to the extent possible, all potential ripple effects of supply chain failure: from its impact on everything from labor to materials and other physical assets to customers to its implications on brand, reputation, and the investor marketplace
- Focuses your organization’s investment in risk mitigation and insurance cover to increase resilience, avoid or mitigate the most critical potential risks, and maximize your limited resources.
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Featured Speakers:
Gary Lynch
Global Supply Chain Risk Management Practice Leader
Marsh Risk Consulting
Mr. Lynch is Global Leader of Marsh's Global Supply Chain Risk Management Practice. He is responsible for developing the organization’s risk intelligence capabilities and offerings, as well as aligning and enhancing the firm’s various risk strategies, supply chain, and business continuity offerings. Additionally, he is responsible for developing thought leadership around emerging issues such as pandemics and terrorism. With 28 years of experience in the IT & operational risk management profession, he served as the business continuity and information security executive-in-charge at The Prudential and Chase Manhattan Bank (now called JPMorgan Chase). As a partner at Booz Allen Hamilton, he was responsible for the operational resiliency and Information assurance practice. He also served as research director and industry analyst at the Gartner Group and was responsible for launching one of the firm’s most successful service offerings. Mr. Lynch has assisted hundreds of Fortune 1000 executives (e.g. PepsiCo, Nokia, Time Warner, Chubb, ADP, Citigroup, Bristol-Myers Squibb, IBM, DRS Technologies, BAE Systems, and the National Security Agency) with operational & IT risk management, impact analysis, business continuity, crisis management, risk metrics, organizational transformation, IT security, and other risk management issues. Mr. Lynch holds a Bachelor of Science degree in finance. He has appeared on the Discovery Channel, NBC Nightly News, and ABC’s Business Now, as well as been published in CEO Magazine, Financial IT Decisions, CIO Insights and many other leading industry publications. He also has testified as an expert and factual witness.
Michael Kerner
Chief Executive Officer Global Corporate in North America
Zurich
Mike Kerner is Chief Executive Officer for Zurich Global Corporate in North America, and is responsible for all Zurich Global Corporate business in North America. Mike has held positions with Zurich since 1992. Previously, Mike was Global Chief Underwriting Officer and Head of Group Strategy for Zurich Financial Services Group, and was based in Zurich, Switzerland. In those roles, he was responsible for underwriting policy, governance and execution as well as for the development, communication and implementation of the Group's strategy. Mike also served as Global Head of Group Reinsurance with responsibility for buying external reinsurance protections for Zurich's Global insurance portfolio and using reinsurance as an internal capital and risk management tool for the many Zurich legal entities around the world. His career at Zurich has included the role of Executive Vice President for Group Reinsurance in North America, with responsibility for reinsurance purchasing for Zurich in the US and Canada and various Actuarial, Administration, Finance and Systems Management roles within the Zurich North America Specialties Business Unit.
John DeWitt
Contributing Editor
PropertyCasualty360
Principal, JW DeWitt Business Communications
Mr. DeWitt is founder, principal, and senior consultant for JW DeWitt Business Communications in New Salem, Mass. For more than 25 years, he has worked as a business strategist, marketing and communications consultant, and writer specializing in technology, finance and insurance, management, and related areas. A frequent meeting facilitator and event moderator, Mr. DeWitt is a contributing technology editor for Tech Decisions and National Underwriter Property & Casualty magazines.
