Tools for managing supplier risk (of the natural kind)

By Torbjörn Thorsen, IBX Group AB

With the current financial situation; risk management has almost intuitively taken the prefix financial (risk management); yet although the financial risks have increased exponentially as of late this does not mean that you can rest easy if you’ve got your financial bases covered. Regardless of our self-inflicted catastrophes, mother earth does not plan to rest.

As we’ve seen on numerous occasions this year alone, natural disasters such as earthquakes, fires, storms, floods etc have wrecked havoc in many industrialized regions across the globe.

We’ve previously dealt with the subject of risk management and there are plenty of tips and tricks available in the blogsphere (Sourcing Innovation quickly comes to mind but most of the tools available are methodologies. And as we all know methodologies are a great starting place but unless you have data on which to act, chances are that you’re not going anywhere.

So, where does one go to find the latest news about natural disasters?

Based in Budapest, Hungary, the National Association of Radio-Distress Signalling and Infocommunications provide a clickable, real time map service of natural disasters worldwide. If nothing else, it’s a fascinating view of the world and how we are all affected by the forces of nature. For a purchaser buying goods or services from affected areas it’s a great tool for up to date information allowing for on your toes risk mitigation.

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