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Monitor the Weather One of the key data sources for the most common types of business disruptions is weather monitoring
Track the News A variety of local, national, and international news services provide a stream of data on other types of disruptive events such as fires, civil unrest, infrastructure problems, and government actions
Use Sensor Data Another type of data stream comes directly from a company’s own assets
Monitor the Supply Base With the general shift from local production and vertical integration strategies to globalization and outsourcing comes the need to monitor a global supply base. Companies concerned about supplier bankruptcies, failures in quality, changes in supplier business strategy, and corporate social responsibility try to detect potential problems through comprehensive supplier monitoring
Visit Suppliers Detection at a distance has its limits. Surveys and third-party data go only so far in detecting incipient disruptions or disruption prone suppliers.
Be on the Alert for Deception To monitor the quality of raw materials supplies, many companies use routine laboratory tests to detect low-quality, diluted, or adulterated materials
Develop Traceability Capabilities Not all disruptions are as visible or instantly news-making as an earthquake or tornado. The impact of a defective part or product grows worse with each added day. The higher the level of inventory spread across the supply chain when a defect is finally caught, the more defective units must be scrapped, returned, replaced, or reworked
Monitor Social Media Six billion people have access to a mobile phone. Once a natural disaster occurs, social media channels can provide an informal, real-time damage assessment because the local population will naturally talk about what they felt
Track Regulatory Developments Changes in government policies affect companies’ cost structures, siting decisions, and compliance challenges
Map the Supply Chain: Mapping the facilities of the company and its suppliers is a prerequisite to collecting the right data for detecting events linked to many common causes of disruption
Assess Global Events: Companies rely on a wide range of monitoring activities to detect potential disruptions. The goal of the monitoring is “situational awareness” — relevant and timely data that reflects risk conditions that might affect the company and its decisions for companies with global supply chains, this implies monitoring global events
Create Supply Chain Control Towers: the control tower is like a full-time emergency operations center in that its staff can be the first to notice telltale signs of looming significant disruptions, such as unexpected supplier component shortages, problems in the flow of items and accidents. It can then respond by rerouting flows, notifying customers, informing company facilities, and so forth
Improve Response Times Through Data and Analysis Fast detection gives companies time to prepare for a disruption or to mitigate its consequences. To accelerate detection, companies can collect data more often and from closer to the cause of the disruption
