Published: 18-Apr- 2011 | Category: Japan Earthquake (March 2011)
What Can We Learn From Catastrophic Failures?
Albert Einstein famously defined insanity as, “doing the same thing over and over again and expecting different results.”
With that in mind, a key question for supply chain disruptions becomes: Are we learning from past behaviors, successes, and mistakes? Are legacy resiliency management strategies responding adequately to a rapid succession of events, such as the devastating earthquake and tsunami in Japan, continuing geopolitical and social unrest in the Middle East, and a deepening debt crisis in the Euro-zone?