FREMONT, CA--(Marketwire -04/18/12)- Resilinc Corp., the leading provider of multi-tier supply chain resiliency solutions, today announced that it is seeing increased impact and continuous potential disruptions to global supply chains in 2012 based on the first quarter and the results from 2011. In the last quarter alone, several major earthquakes struck Indonesia and Mexico, a powerful storm hit Japan, a tornado shut down an airplane structural components assembly plant in Renton, Washington, and labor strikes disrupted operations in Spain as well as at the Impala platinum mine in South Africa. These events have disrupted global supply chains for many companies, resulting in raw material shortages, price increases or production interruptions, and causing companies to pay premiums for acquiring parts and moving freight, according to Resilinc.
The Resilinc solution is designed to proactively improve supply chain visibility, deliver sophisticated risk analytics and implement robust strategies to mitigate the risk of supply chain disruptions. In the aftermath of the March 11, 2011 Japan earthquake, tsunami and subsequent power outages, for example, many Japanese suppliers were disrupted. To monitor and respond to this disaster, the procurement & supply chain team at Flextronics Milpitas needed a solution to enable rapid coordination and response. They piloted the Resilinc solution during the Japanese crisis response and it proved to be critically important in facilitating coordination and streamlining of the operational information needed for crisis response and recovery.
Subsequently, in July 2011, Thailand began to experience heavy flooding in the northern agricultural provinces. When floodwaters breached the barriers protecting the Rojana Industrial Park, Resilinc sent an event notification to the key users at Flextronics Milpitas about the developments in Thailand. The notification identified not only suppliers in the impact zone but also the parts built there and the products that were potentially disrupted. As a result, the team was able to avoid a major disruption as well as any material financial impact.
In a recent publication by ChainLink Research, Tim Griffin, general manager for Flextronics Milpitas, says: "We find ourselves in the position of being supply chain operators for our customers. We build and ship our OEM customers' products, and work with suppliers to procure materials. Resilinc's solution enables us to proactively collect critical supplier information and share resiliency insights and analytics with our customers. With multiple tiers working together, we can make decisions quickly and respond faster and more effectively when disruptions occur."(1)
"The next generation of supply chain innovation will be driven on the resiliency front, as global events continuously impact the top and bottom lines," said Bindiya Vakil, president of Resilinc. "We believe supply chain visibility and global event monitoring provide the foundation needed to achieve the new resiliency-optimized supply chain paradigm."
To further discuss the latest supply chain resiliency management trends and technologies, Vakil will be the featured speaker in an ISM webcast, "SCRM: Where are you exposed?" at 1:00 Eastern Daylight/10:00 AM Pacific Daylight time on Thursday, April 26, 2012. She also will be a featured speaker at an ISM Risk Management Conference -- "Buying the Umbrella Before it Rains" -- on July 26-27, 2012 in the Chicago Marriott O'Hare. To register for the ISM webcast, please visit: www.ism.ws/surveys/index.cfm?SurveyID=1206, and to receive more information on the ISM conference, please visit: www.ism.ws/education/ConfSignUp.cfm?ItemNumber=21814.
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About Institute for Supply Management
Institute for Supply Management™ (ISM) is the first supply management institute in the world. Founded in 1915, ISM exists to lead and serve the supply management profession and is a highly influential and respected association in the global marketplace. By executing and extending its mission through education, research, standards of excellence and information dissemination -- including the renowned monthly ISM Report On Business® -- ISM maintains a strong global influence among individuals and organizations. ISM is a not-for-profit educational association that serves professionals with an interest in supply management who live and work in more than 80 countries. ISM offers the Certified Professional in Supply Management® (CPSM®), Certified in Supply Management™ (CSM™) and Certified Professional in Supplier Diversity® (CPSD™) qualifications, and is a member of the International Federation of Purchasing and Supply Management (IFPSM).
Resilinc is the leading provider of supply chain resiliency solutions. Resilinc brings the power of resiliency by enabling supply chains to proactively plan for, monitor and respond to multi-tier disruptions in hours rather than weeks or months. Resilinc helps customers achieve supply chain resiliency through innovative and patent-pending technology, powerful supply chain mapping and visibility, global event monitoring, and a resiliency supply network. For more information, visit www.resilinc.com.
(1) ChainLink Research, November 15, 2011: "Enterprise Social Networking: The Final Brick in the Supply Chain Platform Foundation."