If you are looking for a great sale on shoes drive to your Aerosole shoe store. Why? On Friday, September 15th, the company driving the Aerosoles brand of women’s shoes filed for chapter 11 bankruptcy with plans to close over eighty retail stores.
Supply and demand — it’s one of the defining laws of the free market, but what happens when your supply is reduced to zero because of a catastrophic failure? In today’s market, competitors are swift to move in and capitalize on your mistakes, so if you want to remain competitive, you have to be ready for anything.
This morning, I had a request in my mail box to help with risk management. The note read, "in France, a law has been written after the Dacca disaster killing thousands of people in Bangladesh that were employed by H&M and other international brands. We are trying to think about the best way to complete risk mapping of international and complex supply chains..." There is no easy answer. Here are my thoughts.