Supply Chain Risk Management Capabilities Center
The House Energy and Commerce Committee was still in the process late Monday of marking up its portion of the $3.5 trillion budget reconciliation bill working its way through the House, but at our deadline was making a big splash with $10 billion of proposed funding for supply chain security.
The E&C committee’s portion of the legislation features billions of proposed spending for supply chains, distance learning, and more.
The purpose of this study is to investigate how artificial intelligence (AI), as well as machine learning (ML) techniques, are being applied and implemented within supply chains (SC) and to develop future research directions from thereof.
WASHINGTON: The Defense Department has created a new task force dedicated to addressing ongoing challenges with its supply chain visibility and resiliency, including ways to mitigate risk.
Gregory Kausner, who is currently handling the duties of under secretary of defense for acquisition and sustainment, stood up the Supply Chain Resiliency Working Group on Aug. 30, the Pentagon said last week.
“A comprehensive strategic approach will take time, dedicated attention, and resources,” Kausner said in a Department release announcing the task force. “Effective implementation begins with understanding our vulnerabilities and the necessary responses, so we can focus our efforts to build greater resiliency across critical supply chains.”
MS. RAYMOND: Good morning, everyone. And thank you so much, Brad. To all our participants, thank you for joining us for this embargoed briefing today.
We will be providing an overview of the American Pandemic Preparedness Plan, also entitled “Transforming our Capabilities,” which will advance the President’s commitment to building back better for the next biological threat.
We’ll start with some comments from our speakers. Today, we have the President’s Science Advisor and Director of the White House Office of Science and Technology Policy, as well as a member of the President’s Cabinet, Dr. Eric Lander; as well as the Special Assistant to the President and National Security Council Senior Director for Global Health Security and Biodefense, Dr. Beth Cameron.
After they both give initial remarks, we’ll open it up for question-and-answer.
As a reminder, this briefing is on the record, but the call contents and the materials that we shared prior to the call are embargoed until 3:00 p.m. this afternoon.
And with that, I’ll turn it over to our speakers, starting with Dr. Lander.
DR. LANDER: Well, thank you very much, and good morning to everybody and thank you for joining the call. So, my name is Eric Lander. I’m the President’s Science Advisor and I’m the Director of the White House Office of Science and Technology Policy.
And today, we’re releasing a plan for transforming U.S. capabilities to prepare for and respond rapidly and effectively to future pandemics and other high-consequence biological threats.
Digital Supply Chains (DSCs) are highly integrated global internet communities of customers, distributors, producers, and suppliers. DSCs have increasingly incorporated Internet of Things (IoT) innovations such as field sensors and real time condition monitoring; and have served as effective platforms for IoT technology diffusion. However, as IoT has become more pervasive, pushing the edges of networks further out, new cyber threat windows have opened everywhere. More recently, Cyber-Supply Chain Risk Management (C-SCRM) has emerged as a critical discipline combining expertise from cybersecurity, supply chain management and enterprise risk management; and designed to stem the proliferation of digital supply chain attacks seeking illicit access to corporate networks for competitive espionage, financial and intellectual property theft, and disruption of operations. Yet to date, there has been little evidence that C-SCRM practices are actually effective in containing all or even some types of breaches.
This paper seeks to complement the supply chain risk monitoring literature by identifying analytics methods and the risk indicators being monitored for this purpose. This includes the underlying supply chain data used for short-term or even real-time monitoring of risks in supply chain risk management.
A widespread shortage of liquid oxygen linked to the latest wave of the pandemic could affect SpaceX’s launch schedule, a company executive said Aug. 24.
Speaking on a panel at the 36th Space Symposium here, Gwynne Shotwell, president and chief operating officer of SpaceX, cited difficulties in securing supplies of liquid oxygen as one of its biggest supply chain concerns.
“We’re actually going to be impacted this year with the lack of liquid oxygen for launch,” she said. “We certainly are going to make sure the hospitals are going to have the oxygen that they need, but for anybody who has liquid oxygen to spare, send me an email.”
Liquid oxygen is one of the most commonly used propellants in launch vehicles. It serves as an oxidizer in combination with fuels such as liquid hydrogen, kerosene and methane.
The petroleum industry in the United States relies heavily on facilities in hurricane-prone regions, such as the Gulf Coast. Past hurricanes have demonstrated the vulnerability of petroleum supply chains to these extreme events; however, models are lacking for hurricane performance assessment of petroleum supply chain infrastructure. In this study, a probabilistic framework is presented for the performance assessment of oil supply chain infrastructure (OSCI) subjected to hurricane events, spanning from a methodological definition to implementation to opportunities and needs. The framework leverages Bayesian networks for probabilistic analysis of connectivity and flow within the oil supply chain, alongside fragility functions for physical damage and functionality assessment of supply chain components. A literature survey is conducted to identify the tools enabling the proposed framework. Application of the method for probabilistic assessment of tightly interrelated oil supply chains subjected to hurricane events is demonstrated with a representative OSCI comprised of platforms, ports, pipelines, refineries, storage facilities, power, and transportation infrastructure. In addition to investigating the impact of alternative levels of hazard exposure and the effectiveness of different mitigation actions, the framework affords the potential for Bayesian updating as new data come online regarding the component performance or product availability/flow. The proposed framework can provide a foundation to support risk mitigation and resilience enhancement efforts in the petroleum industry.
An epidemic outbreak can cause huge impact not only on human lives alone but also on other sectors relying on it. Supply chain operations are also largely affected from these outbreaks. From the recent epidemic outbreak, severe disruptions affecting both the supply and demand of supply chains were observed. Supply chains being optimized for maximum profits, reduced inventories were less immune to epidemic outbreaks. As a result these firms were left with huge losses during the recent outbreak. This has forced executives to adopt resilience factors to their supply chains. Thus for redesign of supply chains, executives required clear knowledge of how impacts were going to affect their firms. In this paper, simulation modelling for impact analysis of supply chains during an epidemic outbreak is illustrated. This provided a detailed quantitative overview of the impact for executives. Also simulation results were further processed to generate datasets suitable for developing decision support tools using various machine learning algorithms.
Over the last decade, we have witnessed many types of unpredictable disasters, including terrorist attacks, wars, earthquakes, economic crises, devaluation of currencies, SARS, tsunamis, cyber-attacks, and more recently the COVID-19 pandemic. Today’s global economy has made the world more interconnected than ever, and with the increasing trend to source globally, the COVID-19 virus has demonstrated the extensive impact that supply chain disruptions can have on a business. This has led to an increased need for global insurance coverage as one of the means to protect against supply chain disruptions – specifically, business interruption (BI) and contingent business interruption (CBI) coverage.