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Supply Chains Force Majeure, what to do if?

Provided that external, unforeseeable circumstances not susceptible by supplier have an impact upon the proper fulfillment of a delivery commitment towards the customer, the question is typically arises who will be liable for any disturbances caused by this.
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From “Black Swans” to Risk Management The “Black Swan” – is risk controllable?

With a clear position on traditional risk analyses in particular from the financial sector, Taleb, now Distinguished Professor of Risk Engineering at New York University, analyses the power of the most unlikely events and their consequences. And now? Are the core subjects of Taleb’s eleven-year-old book on “Black Swans” still valid today? Are we still surprised by unlikely, impossible or unexpected events?

Prof. Dr Fred Wagner presented the study “Risk Management in Industrial Enterprises” at the 2018 GVNW Symposium. Is risk management actually worth it?

Companies deal with “Black Swans” as part of their risk management. When properly in place, it allows them to react to unforeseeable events faster and more appropriately. But how is risk management currently applied in industrial medium-sized businesses in Germany? And what are the benefits for the companies? A current study provides answers.
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