After COVID, supply chain risk and resiliency became top of mind for all firms managing a global supply base. While COVID brought visibility to the vulnerabilities of global supply chains, impactful and unforeseen disruptive events are not going away. Risks such as geopolitical tension, natural disasters, aging infrastructure, and IT attacks have been escalating significantly over the past 10 years and will continue to increase in frequency and scope for many years to come. According to McKinsey, events “that affect global production are growing more frequent and severe………companies can expect to lose more than 40 percent of a year’s profits every decade.” With this magnitude of financial impact, it is imperative that companies anticipate and plan for black swan events. In this presentation, we will address the following questions:
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