IDSS

Prof. Yossi Sheffi writes for The Wall Street Journal that businesses need to safeguard their supply chains against “black swan” events, rare situations that wreak havoc. Sheffi explains that the “changing nature of supply chains has made it more important to consider the potential impact of the black-swan event.”

Prof. Noelle Eckley Selin writes for Forbes about the consequences of the Volkswagen diesel scandal. “My analysis shows that Volkswagen’s deception — which resulted in emissions 30 to 40 times allowable levels when driving — could exceed $100 million in economic costs from health damages,” writes Selin.