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How To Prepare Your Business For A Catastrophe
Business is risky. Life is a series of failures and wins.
You plan, prepare for obstacles, and execute.
Natural disasters are difficult to predict. Experts scream at the top of their lungs that a catastrophe is looming, yet, we keep pushing along, business as usual.
The recency bias plays its part. We forget history tends to repeat itself.
World manufacturers trusted in the Chinese system. Some corporations invested all their manufacturing capabilities within China.
Some retailers get one hundred percent of their inventory, from China.
Apple felt unsteady waters, mostly due to President Trump, and was beginning to shift its hardware production out of China,
“Apple is exploring moving between 15 and 30 percent of its hardware production out of China, according to a new report by Nikkei. The company reportedly has a growing team looking into moving production, and has asked key manufacturing partners like Foxconn, Pegatron, and Wistron to evaluate the available options.”
Trusting or not trusting the Chinese system isn’t the point. There’s a potential risk in every scenario.
