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The flow-based society and its vulnerability

Paulsson, Ulf LU (2018) In Publications of the Hazard projects
Abstract
This report presents a meticulous review of the background of today’s flow-based society and its vulnerability. Furthermore, there is a discussion about how to define flow-based disruption risks, and how their consequences, including the domino effects, can be described. Also the theory areas, addressing this kind of risks, are treated in this report.
The modern society of today is, to a great extent, built up round supply chains. In these strictly integrated chains, with a number of often globally dispersed links, there is a constant flow of physical goods, services and also combinations of goods and services. A disruption within any of these flows may very well lead to far-reaching negative consequences, not only for the private... (More)
This report presents a meticulous review of the background of today’s flow-based society and its vulnerability. Furthermore, there is a discussion about how to define flow-based disruption risks, and how their consequences, including the domino effects, can be described. Also the theory areas, addressing this kind of risks, are treated in this report.
The modern society of today is, to a great extent, built up round supply chains. In these strictly integrated chains, with a number of often globally dispersed links, there is a constant flow of physical goods, services and also combinations of goods and services. A disruption within any of these flows may very well lead to far-reaching negative consequences, not only for the private company but also for the society in general.
The private company’s (or organization’s) supply chain and its surrounding environment is exposed to constant changes, which affects its risk picture. It may be difficult to completely avoid being affected by disruptions and disturbances, and perhaps not even desirable, considering the high risk handling costs this probably would require. On the other hand, it is important not to be affected unnecessarily hard, since this of course means a waste of resources. In competitive business activities it is especially important not to suffer worse than the competitors; preferably you should be less affected. Efficient risk management can thus provide a vital competitive advantage.
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Please use this url to cite or link to this publication:
author
organization
publishing date
type
Book/Report
publication status
published
subject
keywords
Disruption risk, Domino effects, Flow-based society, Managing disruption risks, Supply chain, Supply chain security, Supply chain risk, Supply chain risk management, Risk handling, Risk management, Vulnerability., disruption risk, domino effects, flow-based society, managing disruption risks, supply chain, supply chain security, supply chain risk, supply chain risk management, risk handling, risk management, vulnerability
in
Publications of the Hazard projects
pages
33 pages
publisher
University of Turku
ISBN
978-951-29-7204-3
language
English
LU publication?
yes
id
e0bf3824-b4d4-4dc7-95e1-66d2630d2778
date added to LUP
2018-04-06 10:45:49
date last changed
2018-05-29 12:23:27
@techreport{e0bf3824-b4d4-4dc7-95e1-66d2630d2778,
  abstract     = {This report presents a meticulous review of the background of today’s flow-based society and its vulnerability.  Furthermore, there is a discussion about how to define flow-based disruption risks, and how their consequences, including the domino effects, can be described. Also the theory areas, addressing this kind of risks, are treated in this report.  <br/>The modern society of today is, to a great extent, built up round supply chains. In these strictly integrated chains, with a number of often globally dispersed links, there is a constant flow of physical goods, services and also combinations of goods and services. A disruption within any of these flows may very well lead to far-reaching negative consequences, not only for the private company but also for the society in general. <br/>The private company’s (or organization’s) supply chain and its surrounding environment is exposed to constant changes, which affects its risk picture. It may be difficult to completely avoid being affected by disruptions and disturbances, and perhaps not even desirable, considering the high risk handling costs this probably would require. On the other hand, it is important not to be affected unnecessarily hard, since this of course means a waste of resources. In competitive business activities it is especially important not to suffer worse than the competitors; preferably you should be less affected. Efficient risk management can thus provide a vital competitive advantage.  <br/>},
  author       = {Paulsson, Ulf},
  institution  = {University of Turku},
  isbn         = {978-951-29-7204-3},
  keyword      = {Disruption risk, Domino effects, Flow-based society, Managing disruption risks, Supply chain, Supply chain security, Supply chain risk, Supply chain risk management, Risk handling, Risk management, Vulnerability.,disruption risk,domino effects,flow-based society,managing disruption risks,supply chain,supply chain security,supply chain risk,supply chain risk management,risk handling,risk management,vulnerability},
  language     = {eng},
  pages        = {33},
  series       = {Publications of the Hazard projects},
  title        = {The flow-based society and its vulnerability},
  year         = {2018},
}