Flooding in Thailand was just the latest event in a string of natural disasters, political turmoil and economic strife to batter any company making durable goods – especially those in the technology and automotive sectors.
The picture is grim. In Thailand, more than 1,000 factories have boarded up their windows. But the devastation extends far beyond the factory walls – the damages top $7.5 billion. More than 14,500 businesses worldwide are feeling the effects.
Jim Lawton, President and General Manager of D&B Supply Management Solutions offers a few suggestions as part of a proactive supplier risk mitigation strategy.