Annual Report

EventWatchAI 2018 Annual Report

Annual Report 2018
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Why should you read the report?  Because global supply chain risk events increased 36% in 2018, according to Resilinc’s Annual EventWatchAI Report.  And you need to find out more details.
The report finds that many supply chains may not be adequately prepared to handle disruptions.
For corporations managing complex supply chains, 2018 provided many familiar challenges such as factory fires, extreme weather events, earthquakes and mergers and acquisitions. Resilinc’s newly released 2018 EventWatchAI Report reveals that not only have global risks increased overall, but volatile and uncertain geopolitical conflicts—including the U.S.-China trade conflicts and Brexit—pose some of the most potentially costly and disruptive supply chain impacts.

A Few Highlighted Data Points From The Report Include:

  • Resilinc EventWatchAI issued 2,696 event notices for a 36% increase year over year which averages about seven per day. Of these, Resilinc classified 907 events as those impacting its customers’ mapped supplier sites, and therefore requiring an impact assessment.
  • Illustrating that many global supply chains may not be adequately prepared when adverse impacts do occur, Resilinc’s data showed that of the 12,558 manufacturing supplier sites only 12% had an alternate manufacturing site available. In Life Sciences, only 4% had an alternate site available; in Food & Beverage, 3%.
  • Reflecting the geopolitical turmoil of 2018, Regulatory Change events grew by 640%, while Protests/Riots increased 370%.
  • The top 5 most reported events were: Mergers & Acquisitions; Factory Fire/Explosion; Reorganization/Management Change; Business Sale or Spinoff; and Factory/Shutdown Disruption.
  • Changes in ownership, management or business structure accounted for 30% of 2018 events. Such events often have impacts but can eventually lead to serious disruptions and strategic decisions are made around exiting non-core business lines or selling business units.
  • 2018’s top 5 most destructive natural disasters were: the January North American Blizzard Taiwan’s 6.4-magnitude earthquake in February; Hurricanes Florence (U.S.) and Typhoon Mangkut (Philippines, Taiwan, China) September; & October’s Hurricane Michael in the U.S.

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