Global electronics OEMs know that risk is always with them and that, often, mitigating for risk is a task of sorting through the possibilities to gauge the potential for trouble. Weather events and fires are always top of mind. Now, however, cyber risks and global politics are taking center stage in terms of challenging organizational resilience, the 2018 FM Global Resilience Index found.
“The Resiliency index is a window into the effect let you see the relative perceived resilience of an area,” said Ronnie Gibson, vice president, innovation at FM Global told EBN. “It can be used as a tool to make risk management decisions. Organizations can use the lens of the Resilience Index, figure out what’s important to their particular organization, and over lay that on the areas of the world where they have suppliers.”
In terms of resilience, organizations should understand what can be controlled and what cannot, Gibson added. “For example, if there’s a weather risk in one region, you can’t change that but you can decide whether you need an alternate supply,” he said. “It’s just good intelligence to help you decide what to do.” On the other hand,…
