The Power of Resilience: How the Best Companies Manage the Unexpected

The Power of Resilience: How the Best Companies Manage the Unexpected

by Yossi Sheffi

Paperback(Reprint)

$20.69 $22.95 Save 10% Current price is $20.69, Original price is $22.95. You Save 10%. View All Available Formats & Editions
Choose Expedited Shipping at checkout for guaranteed delivery by Wednesday, July 24

Overview

How the best companies prepare for and manage modern vulnerabilities—from cybersecurity risks to climate change: new tools, processes and organizations for developing corporate resilience.

A catastrophic earthquake is followed by a tsunami that inundates the coastline, and around the globe manufacturing comes to a standstill. State-of-the-art passenger jets are grounded because of a malfunctioning part. A strike halts shipments through a major port. A new digital device decimates the sales of other brands and sends established firms to the brink of bankruptcy. The interconnectedness of the global economy today means that unexpected events in one corner of the globe can ripple through the world's supply chain and affect customers everywhere. In this book, Yossi Sheffi shows why modern vulnerabilities call for innovative processes and tools for creating and embedding corporate resilience and risk management. Sheffi offers fascinating case studies that illustrate how companies have prepared for, coped with, and come out stronger following disruption—from the actions of Intel after the 2011 Japanese tsunami to the disruption in the “money supply chain” caused by the 2008 financial crisis.

Sheffi, author of the widely read The Resilient Enterprise, focuses here on deep tier risks as well as corporate responsibility, cybersecurity, long-term disruptions, business continuity planning, emergency operations centers, detection, and systemic disruptions. Supply chain risk management, Sheffi shows, is a balancing act between taking on the risks involved in new products, new markets, and new processes—all crucial for growth—and the resilience created by advanced risk management.

Product Details

ISBN-13: 9780262533638
Publisher: MIT Press
Publication date: 03/24/2017
Series: The MIT Press
Edition description: Reprint
Pages: 488
Sales rank: 549,695
Product dimensions: 5.60(w) x 8.70(h) x 1.10(d)
Age Range: 18 Years

About the Author

Yossi Sheffi is Elisha Gray II Professor of Engineering Systems at MIT and Director of the MIT Center for Transportation and Logistics. He has worked with leading manufacturers and logistics service providers around the world on operations and strategy issues and is the author of three award-winning books: The Resilient Enterprise: Overcoming Vulnerability for Competitive Advantage, Logistics Clusters: Delivering Value and Driving Growth, and The Power of Resilience: How the Best Companies Manage the Unexpected, all published by the MIT Press.

Table of Contents

Preface vii

1 A Quake Breaks a Supply Chain 1

2 A Classification of Catastrophes 27

3 Reducing the White-Space 53

4 Crisis Response 79

5 The Financial Crisis and the Money Supply Chain 105

6 An Ounce of Preparation 129

7 Caveat Emptor 159

8 Detecting Disruption 189

9 Securing the Information Supply Chain 215

10 Planning for Scarcity and Price Shocks 239

11 Shifting Ethics, Rising Bars 265

12 Adapting to Long-Term Change 295

13 For Want of a Nail 319

14 Why Resilience? 347

Notes 371

Table of Thanks 439

Index 445

What People are Saying About This

Hau L. Lee

The Power of Resilience is a brilliant book that should be read by all business leaders in order to capably manage risks and create growth in the new global economy.

Frederick W. Smith

Yossi Sheffi displays a wealth of knowledge about large global enterprise in The Power of Resilience that is unprecedented. Senior executives will gain unique insights and manage much more effectively having read it.

Klaus Schwab

Resilience building is as critical as risk management for organizations operating in a dynamic global economy. This book is timely and important because it enables business leaders to grasp, conceptually and contextually, the power of resilience.

From the Publisher

Yossi Sheffi displays a wealth of knowledge about large global enterprise in The Power of Resilience that is unprecedented. Senior executives will gain unique insights and manage much more effectively having read it.

Frederick W. Smith, Chairman and CEO, FedEx Corporation

Yossi Sheffi is one of the most inventive and comprehensive thinkers in the supply chain and resiliency spaces. His latest book is a must-read for organizations hoping to leverage the strategic competitive advantages that resiliency and preparedness provide.

Chris Sultemeier, Executive Vice President, Logistics, Walmart

Supply chains—logistics, transportation, and shipping—have been around throughout history, but never before has the supply chain been such an integral part of business. Yossi Sheffi does a great job of explaining why that transformation has taken place and the implications for doing business in the twenty-first century with the speed of challenges and risks facing our supply chains today.

Matthew K. Rose, Executive Chairman, BNSF Railway Company

The Power of Resilience is a brilliant book that should be read by all business leaders in order to capably manage risks and create growth in the new global economy.

Hau L. Lee, Thoma Professor of Operations, Information, and Technology, Graduate School of Business, Stanford University

Resilience building is as critical as risk management for organizations operating in a dynamic global economy. This book is timely and important because it enables business leaders to grasp, conceptually and contextually, the power of resilience.

Klaus Schwab, Founder and Executive Chairman, World Economic Forum

Endorsement

Resilience building is as critical as risk management for organizations operating in a dynamic global economy. This book is timely and important because it enables business leaders to grasp, conceptually and contextually, the power of resilience.

Klaus Schwab, Founder and Executive Chairman, World Economic Forum

Matthew K. Rose

Supply chains—logistics, transportation, and shipping—have been around throughout history, but never before has the supply chain been such an integral part of business. Yossi Sheffi does a great job of explaining why that transformation has taken place and the implications for doing business in the twenty-first century with the speed of challenges and risks facing our supply chains today.

Chris Sultemeier

Yossi Sheffi is one of the most inventive and comprehensive thinkers in the supply chain and resiliency spaces. His latest book is a must-read for organizations hoping to leverage the strategic competitive advantages that resiliency and preparedness provide.

Customer Reviews

Most Helpful Customer Reviews

See All Customer Reviews