@Risk

Earlier this week, in keeping with the Obama administration’s renewed commitment to transparency, White House Cybersecurity Coordinator Howard Schmidt directed the release of a summary description of the largely classified Comprehensive National Cybersecurity Initiative.

(This initiative, officially known as the National Security Presidential Directive 54 and Homeland Security Presidential Directive 23, was originally established by the Bush administration back in January 2008.)

The five-page declassified document outlines twelve major proposals designed to help secure the United States in cyberspace, and it’s significant that among this list of a dozen priorities there’s recognition of the growing risks associated with today’s complex global supply chains, particularly those in the commercial information and communications technology marketplace.

From the summary description: Continue Reading »

There’s encouraging news in the latest Manufacturing ISM Report on Business.

According to the report, the overall economy grew for the tenth consecutive month during February. Plus, economic activity in the manufacturing sector grew for the seventh consecutive month, and employment numbers showed growth for the third month in a row.

The 11 manufacturing industries reporting growth in February — listed in order — are: Continue Reading »

For the first time since Grant Thornton began researching employment issues in its International Business Report (IBR) back in 2003, the number of businesses cutting headcount has exceeded those increasing it. In fact, Grant Thornton’s new data shows a global balance of -8 percent compared to +21 percent in 2009 – that’s a dramatic drop of 29 percentage points.

The survey, which polled more than 7,400 privately held businesses (PHBs) across 36 economies, also showed that: Continue Reading »

Supply chains involve people, and that means there are always embedded risks from “the human element.”

Employees quit. They strike. Sometimes they get sick and can’t work. And occasionally, an employee who’s an integral component of your supply chain will lie, cheat and steal in a manner that could threaten your company’s entire future.

Think I’m exaggerating? I’m not. For proof, take a look at “Bribes Let Tomato Vendor Sell Tainted Food,” an article published last week in The New York Times.

In the article, reporter William Nueman reveals that federal agents have uncovered a startling, widespread scheme of corruption in the food industry. SK foods, one of the nation’s largest tomato processors, is at the center of the plot because according to federal prosecutors, SK Foods’ owner and others there offered bribes to a handful of corporate buyers in exchange for lucrative contracts and confidential information on bids submitted by competitors. Continue Reading »

There’s a growing labor shortage in China, and analysts aren’t exactly sure why.

According to The Wall Street Journal’s blog “China Real Time Report:”

Various domestic media reports put the labor supply gap at around a million people in Guangzhou and neighboring cities such as Dongguan, legendary centers of China’s export boom in the past three decades. Numerous assembly lines and construction sites are sitting idle while anxious employers have raised salaries by more than 30% but still can’t attract enough applicants.

Shen Hong, the author of the post, suggests that at least part of the problem may stem from the fact that new-generation migrant workers aren’t interested in tough basic jobs like construction any more.  The Chinese government has reformed policies and modernized farming to such an extent that rural jobs now compete favorably with work in the city. In addition, second-tier inland cities are experiencing economic booms of their own, and workers may prefer these alternative locations simply because they’re closer to home. Lastly, China’s improved standard of living, in general, means that young workers are less apt to accept the hardships of working in the city, Hong says. Continue Reading »