In 2013, Resilinc, a provider of supply chain resiliency soutions, reported 355 major Event Notifications that significantly impacted all supply chains that were in the vicinity of, or connected to, the event, which included natural disasters (hurricanes, floods, earthquakes, volcanic eruptions, tornado, extreme weather, and other force majuere events), man-made disasters (factory fires/explosions, power outages/shortages, factory shut-downs, chemical spills, etc.), extreme economic events (labour strikes, bankruptcies, port disruptions, levying of major fines, etc.), geopolitical events (acquisitions, rioting, FDA actions, etc.), and recalls, to name a few. Some of these events, such as bankruptcies, were localized to a few dozen companies that depended on the supplier that went bankrupt, but others, such as the Solomon Islands earthquake and tsunami off the coast of Japan or the Haiyan Typhoon in the Philippines (that wiped out a number of coastal cities) affected thousands of sites and the tens of thousands of supply chains that depended on the suppliers that had factories, warehouses, and/or other operations at those sites.

The impact of these events on their respective supply chains ranged from tens of thousands of dollars to hundreds of millions. If a factory that produces a critical single-sourced component for your most profitable product line is destroyed, the costs associated with finding a new source — which include, but are not limited to, manpower costs, premium production costs, premium raw material costs, downtime costs, lost customer costs, etc. — add up quickly and can easily run into the tens of millions for large high tech, equipment manufacturing, aerospace, and automotive companies.

But if your company is prepared, most of these costs can be mitigated. How do you prepare? You make the right investments in supply chain resiliency. To find out how to get support from the C-Suite for these investments, tune into this Wednesday’s webcast on Justifying Investments in Supply Chain Resiliency in 2014, sponsored by Sourcing Innovation and Resilinc.

Are you looking to justify investments in supply chain risk and resiliency programs in 2014?

Can you determine a return on investment (ROI) from investing in supply chain resiliency?

How are other organizations leveraging supply chain resiliency solutions to drive real business benefits?

If you want to learn the answer to these questions, and more, attending the complementary upcoming webinar from Resilinc and Sourcing Innovation on Justifying 2014 Investments in Supply Chain Resiliency on January 29, 2014 @ 11 am PT, 14 pm ET, and 19 pm GMT.

Supply chain resiliency is becoming more important daily because the frequency, magnitude, and associated costs of supply chain disruptions are steadily increasing.

This webinar will examine the different types of cost savings and examples that can be obtained through a proactive supply chain risk and resiliency strategy based on multi-tier supply chain visibility.

Looking forward to seeing you there!