Has Your Supply Chain Been Disrupted By Harsh Winter Weather?

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Has Your Supply Chain Been Disrupted By Harsh Winter Weather?

The winter of 2012/2013 was unusually harsh, with snow storms, blizzards and other inclement weather almost shutting down various regions of the country. No doubt people were far more concerned about having enough bread, milk, and fuel than stocking up on barcode labels. However, global companies and large corporations have needs that are vastly different from consumers; supply chains can be severely disrupted by major storm systems such as those that swept across the U.S. this past winter season. As a leader in the industrial printing equipment industry, we understand the negative impact to companies who do not have adequate contingency plans in place. Following a devastating storm system that disrupts power, mobility, shipping, and other aspects of running a business, companies often face devastating challenges in their efforts to resume normal operations. How great is your risk? Of course global shipping networks are upset when roads are closed, flights canceled, and other changes made to transportation. While this immediately impacts shipping, unexpected problems can crop up for companies who have complex supply chains due to other significant but perhaps not realized residual issues. Recently, the BCI (Business Continuity Institute) and Zurich Insurance Group published a white paper in which it was determined by analysts that improper management of the supply chain could be a huge problem in 2013, particularly for companies based in the U.S. In a survey performed by the BCI in preparation for the publication, it was found that in the U.S., less than half of the 500 companies and organizations that responded to the survey had included supply chain disruptions in the continuity plans those organizations had established. Unfortunately, many companies are just not aware of how costly supply chain disruptions can actually be. A report published earlier this year by the WEF (World Economic Forum) reviewed events which occurred between 2005 and 2011, and which were considered disruptive. It was determined in the study that supply interruptions on a large scale can result in as much as a 7 percent drop in share price for the company. Even more astonishing, Linda Conrad of Zurich said the research performed by her company reveals that of the companies which experience extended interruptions, nearly 40% ultimately go completely out of business. In short, the longer it takes a company to resolve an issue related to the supply chain, the higher probability of a strong negative impact. Markem-Imaje provides reliable industrial traceability solutions, marking and coding systems, supplies and more around the globe. Count on us for all of your industrial printing equipment needs!

January 10, 2014
Markem-Imaje Announces Acquisition of CSAT

Markem-Imaje Announces Acquisition of CSAT
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