Showing posts with label risk. Show all posts
Showing posts with label risk. Show all posts

AI and Analyzing Supply Chain Risk with Expert Tom Thimot

What if your global supply chain could anticipate disruptions before they happen? 🤯 In this episode, we sit down with Tom Thimot, CEO of Supply Wisdom, to uncover the emerging technology that's revolutionizing risk management in massive, extended supply chains. Get ready to discover how AI and automation are transforming the way businesses navigate uncertainty and keep their operations running.

*I use generative AI to assist in all my work.
************************************************************************
Kevin Benedict
Futurist at TCS
View my profile on LinkedIn
Follow me on Twitter @krbenedict
Join the Linkedin Group Digital Intelligence

***Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I work with and have worked with many of the companies mentioned in my articles.

State and Local Supply Chains Challenged by the Pandemic

In this episode, I get to interview Brian Utley, CEO and Founder of Periscope Holdings, about the unique challenges government supply chains, especially state, city and local are having during the COVID-19 pandemics.  Brian shares how government-centric supply chain ecosystems are working together to solve these issues and to develop new strategies.



************************************************************************
Kevin Benedict
Partner | Futurist | Leadership Strategies at TCS
View my profile on LinkedIn
Follow me on Twitter @krbenedict
Join the Linkedin Group Digital Intelligence

***Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I work with and have worked with many of the companies mentioned in my articles.

Pre-Pandemic Assumptions and Presumptions

Over the last 3 years my wife and I have become avid backpackers with many adventures under our belt.  One of the biggest surprises I learned during my time in the wilderness was how often I make wrong assumptions.

It was mid-July and the lake we were backpacking to was still frozen over and the trail was covered in deep snow.  I had assumed warm mid-July weather would have cleared the trails.  Another time after fishing in a high mountain lake, I looked at the map and saw the trail passed directly above our location.  After over an hour looking for the trail we realized it didn't exist.  My assumptions that maps are updated regularly and accurately reflect the reality on the ground were wrong.  I can't tell you how many times I have learned that the obvious shortcut doesn't save you time.

We all make assumptions.  We assume something is true or certain to happen, without proof.  We also make presumptions.  We presume ideas are true, and then use them as the basis for other ideas until we have built ourselves a house of cards that is one fact away from collapsing.  As we ponder our changed mid-pandemic world from our home offices with our dogs and kids under our desk, it is a good time to reflect on the assumptions and presumptions that got us into this predicament.  

I think we presumed the biggest dangers in flying were potential terrorist attacks or equipment failure.  I think we assumed our doctors had the answers to whatever illness we picked up.  I think we presumed that since all companies seemed to be developing long and lean supply chains that they must be resilient, redundant and reliable.  I think we presumed that an illness in China was a Chinese problem.  I think we assumed that the local hospital could just order and quickly receive any supplies or equipment they needed.  I think we assumed that our economy would always be there in the morning.  I think we assumed toilet paper would always be available. I think we assumed our leaders had a plan.

As our anxiety evolves into acceptance of our mid-pandemic situation, perhaps it is a good time to re-evaluate the assumptions and presumptions we all have about the world around us.  What I have learned in this past month is we have far less control over our world and destiny than might have been presumed.

************************************************************************
Kevin Benedict
Partner | Futurist | Leadership Strategies at TCS
View my profile on LinkedIn
Follow me on Twitter @krbenedict
Join the Linkedin Group Digital Intelligence

***Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I work with and have worked with many of the companies mentioned in my articles.

Flattening the Curve of a Risky Future

Today, in the midst of round one of the COVID-19 pandemic, I received an email from Delta Airlines sharing their efforts to make travel safe and normal. What will normal be post-pandemic?  Will society be comfortable going right back to flying all over the world again?  The thought of spending time in crowded airports, attending conferences with tens of thousands of people in one room, sitting in tightly packed business meetings and sitting elbow to elbow with coughing strangers on planes fills me with anxiety.  I don't think I am the same person that I once was.  I suspect most of us aren't.

As the pandemic and resulting economic anxieties extend further into the calendar and deeper into our mutual psyches, our habits will be altered - some temporarily, others permanent.  Just as our grandparents (and great-grandparents) before them developed a propensity to save and to be financially conservative as a result of experiencing the Great Depression during their formative years, we also will be known for the changes about to take place in us.  This pandemic will alter the curve of our future.

We have now all borne witness to the results of our societal decisions or lack thereof, and experienced the consequences.  I am reminded of a popular Greek myth of Daedalus and his son Icarus.  They were imprisoned in a tower by the King of Crete.  Being a great craftsman, Daedalus devised two pairs of wings using wooden frames, wax and feathers to escape and fly away.  Daedalus warned his son Icarus that flying too near the sun would cause the wax to melt and the wings would fail.  Icarus jumped from the tower, escaped and his wings allowed him to soar high over the ocean.  

It was not long, however, before Icarus forgot all about his father's warnings.  Soon he was flying higher and higher.  The warm sun quickly melted the wax, the feathers came loose and Icarus plunged to his death in the sea.  I think today we may have flown too close to the sun.

In 2015, Bill Gates, gave a Ted Talk titled "The Next Outbreak? We're Not Ready."  It accurately described what would happen if a pandemic similar to COVID-19 occurred.  He precisely warned of the impact and what the world needed to do to prepare for it.  Bill Gates was our Daedalus, and like Icarus we were captivated by the joys and excitement of flying high and far.  The question for us all now is - what next?  What will we do differently?  How will our future be reshaped?

After taking some time for lamenting and learning, we must go forward into the future wiser.  My friend and supply chain risk expert Joe Carson, who I recently interviewed in this blog post titled, A Mid-Pandemic Interview with Supply Chain Risk Expert Joe Carson, often encourages organizations to develop a "Risk Culture."  A culture of studying risk, identifying risk, understanding risk, planning for risk, and factoring in the cost of risk mitigation. 

The lasting impression we all may be left with post-pandemic is that risk is not just a hypothetical, but real.

************************************************************************
Kevin Benedict
Partner | Futurist | Leadership Strategies at TCS
View my profile on LinkedIn
Follow me on Twitter @krbenedict
Join the Linkedin Group Digital Intelligence

***Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I work with and have worked with many of the companies mentioned in my articles.

Interviews with Kevin Benedict