2017 presented unique and interesting hurdles to supply chain professionals in the form of natural disasters, business developments, and site-level disruptions. EventWatch notified its customers of 1,931 supply chain events in 2017 of which 562 required an impact notification. On average, EventWatch published 5 bulletins per day last year, representing an additional bulletin daily when compared to 2016. Natural disasters and weather-related events proved to be considerable sources of disruption across the globe and especially in the United States. Hurricanes Harvey, Irma, and Maria contributed to a significant development in 2017, North America become the most disrupted region in terms of naturally occurring events. Factory Fire/Explosion was the most persistently disruptive event type observed by Resilinc’s customers last year, representing 18% of all notified EventWatch bulletins. In 2017, EventWatch contacted more than 19,000 unique suppliers for potential impacts, which generated responses from 53% of those contacted supplier. This is an increase of about 10% from 2016. 32% of the companies listed on the S&P 500 Index were potentially affected. Additional statistics and graphs are presented in the report that follows.
About the EventWatch Annual Report
The EventWatch Annual Report aggregates, analyzes, and summarizes supply chain event information leveraging the extensive supplier network data and statistics collected by the EventWatch® 24x7 global event monitoring, alert, and analysis service. The report highlights global supply chain risk trends through a variety of lenses. It helps stakeholders to understand: Which disruption event types are most common or becoming more common? How does my industry compare to other industries in terms of the number of events experienced? Which regions are impacted the most? And, what months see the most disruptive incidents? The EventWatch Annual Report also highlights some general principles that are likely to remain consistent year after year. Through the comparative analysis that follows, it is clear that the more frequent, low-impact events that may go unnoticed by most are not only the majority of supply chain events, but should be as highly prioritized as the larger-scale and more severely disruptive events, like the Port of Tianjin explosion of 2015. What makes the EventWatch Annual Report different from “Top 10 Supply Chain Event” lists and other year-end reports and commentary is that it is driven by data and focuses on impacts to specific brands, suppliers, sites, and parts, based on value-at-risk calculations. To accomplish this it employs the Resilinc supplier repository which includes risk information associated with over 85,000 supplier sites – representing over 2 million parts.
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