Global Supply Chains, Disasters and Externalities

Abstract

Sprawling and global supply chains are doing a decent job of providing consumers with inexpensive and timely products. However, their size, complexity and lack of accountability make them originators of serious risks and disruptions. Such disruptions are not contained to the closed systems of the respective supply networks, but bleed over into society and the surrounding communities as negative externalities. Consequently, modern supply chains can expect to be subject to greater scrutiny and pressures to reduce risks and provide compensation for the costs imposed on others involuntarily