Lloyd's of London released their 2011 survey on the top global risks of 2011.  They are as follows:

1. Loss of Customers

2. Talent and Skills Shortages

3. Reputational Risk

4. Currency Fluctuation

5. Changing Legislation  Read more

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The official federal report on the BP Deepwater Horizon blowout faults BP's failure to assess the risk of the actions that led to the blowout.  BI has the story:

“The blowout at the Macondo well on April 20, 2010, was the result of a series of decisions that increased risk and a number of actions that failed to fully consider or mitigate those risks,” the report said.  Read more

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Thank you so much to everyone who came out for the seminar this morning!  We had great feedback and hope you left with something in your toolbox!

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Apparently they teach the "Waffle House Index" at the Olin School of Business at Wash U:

Kouvelis teaches his students about the “Waffle House Index,” first coined by Federal Emergency Management Agency Director W. Craig Fugate in the wake of the Joplin, Mo. tornado May 22. The index, based on the extent of operations and service at the restaurant following a storm, indicates how prepared a business is in case of a natural disaster.  Read more

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The Japan earthquake and tsunami provides a case study for supply chain risk management.  Many Japanese firms are struggling through the loss of key suppliers whether they are making memory chips for use in iPads or million pound excavators.  

FreightWatch has published a brief analysis of the disaster's impact on the electronics supply chain industry.     Some highlights:  Read more

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Facebook "friends" and Twitter "followers" may interested in your status for reasons you don't anticipate . . . to rip you off!  Chubb Insurance is offering social media users some good advice:

Thanksgiving, in particular, is a time when families get together, and while everyone is gathered together, other homes are left unoccupied for hours or days.  Read more

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That question always makes me think of George Costanza as he struggled with his task to explain a "Risk Management" textbook to the Yankees upper management.  He could not read the book because he could not stand the sound of his own voice in his head.  So, naturally, he pretended to be blind and had a free-service translate the book into an audiobook.  There was only one problem.  The reader in the audiobook sounded exactly like George!

But I digress.  Read more

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