Types of Supply Chain Disruptions
Events: Occurrence or change of a particular set of circumstances. For example, the COVID-19 outbreak leads to supply chain disruptions, including shortages that create a new, growing, or emerging fraud opportunity.
Causes: Particular independent variables. These are particular characteristics of the event with the goal to focus on what can be predicted and then mitigated or prevented.
Effects: Dependent variables of interest. Shortages that create a new, growing, or emerging fraud opportunity.
Factors: Considerations for mitigation or prevention actions. Consider: Do you get a warning? How fast? How sure? What is the impact and duration of the event?
Events: Occurrence or change of a particular set of circumstances. For example, the COVID-19 outbreak leads to supply chain disruptions, including shortages that create a new, growing, or emerging fraud opportunity.
- Operational/technical: e.g., forecasting errors, capacity constraints, information technology disruptions
- Social: labor strikes, sabotage
- Natural/hazard: fire, flood, monsoon, earthquake, pandemic
- Economy/competition: interest rate fluctuations, bankruptcy of suppliers, increased cost of goods
- Legal/political: lawsuits, wars, border customs, regulations
- Intentional acts: for harm or economic gain
Causes: Particular independent variables. These are particular characteristics of the event with the goal to focus on what can be predicted and then mitigated or prevented.
- Intentional or unintentional
- Occur inside or outside the normal operation
- Be conducted by one or many sources (attackers, root causes)
- One company can be the target of another company
- Have one or many targets
- The attack could be a one-time incident or an ongoing program
- The supply chain disruption could lead to a delay or a stoppage
- Have an intent for economic gain or harm such as public health, economic, or terror
Effects: Dependent variables of interest. Shortages that create a new, growing, or emerging fraud opportunity.
Including delays or stoppages such as:
- Macro
- Demand
- Manufacturing
- Supply
- Infrastructure
Factors: Considerations for mitigation or prevention actions. Consider: Do you get a warning? How fast? How sure? What is the impact and duration of the event?
Essential considerations:
- Duration
- Onset
- Warning
- Predictability
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