Learning How to Manage Risk in Global Supply Networks

Supply networks are becoming more extensive and complex, requiring companies to develop better ways to manage the risk of disruption. The MIT Center for Transportation & Logistics (MIT CTL) is developing a risk simulator based on a model originally built for a global manufacturer. The main goal is to create a tool for teaching managers how to reduce the likelihood of a disruption by comparing and quantitatively assessing simulated responses to crisis situations. Another possibility is to use the model to find better ways to make global networks more resilient.