Disasters within supply chains

Given the globalised nature of the world economy, many companies, in particular large multinationals, rely on a global supply chain with components coming from all corners of the world.  In addition to the potential problems caused by natural disasters, such as earthquakes, floods and the like, there is also the issue of tense geopolitical situations.  In particular, the situation in the Middle East is a huge issue for international supply chains, and has the potential to affect the minutiae of everyday life – if Iran decides to close the Strait of Hormuz, where between 20 and 30 percent of the world’s oil goes through every day, the price of oil will jump from $300 a barrel to $350.  The importance then is to ensure that supply chains are well organised and capable of dealing with disasters, and this means using supply chain recruitment agencies that are able to find the best people to ensure supply chains are exposed to as little risk as possible.