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The Power of Resilience: How the Best Companies Manage the Unexpected (MIT Press), by Yossi Sheffi
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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.
- Sales Rank: #439636 in Books
- Published on: 2015-09-11
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x 1.00" w x 6.00" l, .0 pounds
- Binding: Hardcover
- 488 pages
Review
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)
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 an active entrepreneur, having founded or cofounded five successful companies. He is the author of The Resilient Enterprise: Overcoming Vulnerability for Competitive Advantage and Logistics Clusters: Delivering Value and Driving Growth, both published by the MIT Press.
Most helpful customer reviews
6 of 6 people found the following review helpful.
A practical guide to protecting your revenue
By Amazon Customer
This is a must-read book for anyone responsible for revenue or spend. You won’t get arcane theory here. You will get to learn practical strategies by reading about what real world corporations such as Cisco and GM have done to harden their supply chains against disruptions. This book will be THE definitive guide to resilient supply chains for many years to come.
If you are going to read one business book this year, make it this one. Prof. Sheffi is a master storyteller. He has written an easy to read, captivating book that delivers numerous ‘Ah-ha’ moments. You will walk away feeling that you have learned something new, something essential to running a successful business.
It is no longer just the supply chain teams who have to think about, and understand risks in supply chains. If you are a business or line of business owner - CxO, GM, Product Manager, etc., you must understand the risk your products (and hence your revenue streams) are exposed to through your supply chains, and push your organization to make supply chains more resilient to disruptions. If you are responsible for managing spend, you have to deeply analyze supply chain risk in order to optimize safety stock levels. You also have to make your supply chains resilient in order to reduce your cost exposure (spot buys, expedite ship, fixed costs for idle manufacturing capacity, etc.) when disruptions happen.
4 of 4 people found the following review helpful.
A page-turner- fantastic writing and interesting case study examples!
By Amazon Customer
As someone new to the realm of supply chain resiliency, I thought this book would be a great resource to grow my knowledge base. I expected it to have typical case-study examples, but what really made this book special was how Sheffi brought these stories to life. From his opening study on Intel's response in the face of the 2011 Japan earthquake & tsunami, it was clear to me why Sheffi has previously found success as a writer. I would recommend this book to anyone that has an interest in supply chain risk.
3 of 3 people found the following review helpful.
I loved the case studies and the insight as to practical ...
By Field Prepper
This book provides a practical look at how companies are successfully implementing programs that help manage the unpredictable supply chain. I loved the case studies and the insight as to practical ways to attack this problem. Very well written and an relatively easy read for such an intense subject.
See all 19 customer reviews...
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