Nowhere is the need for supply chain security more evident than in the aerospace industry, where seemingly negligible quality discrepancies in products and materials such as steel and aluminum can have catastrophic consequences.
Falsified safety documentation and supply chain corruption have been plaguing the airline industry for the past decade, with potentially weak materials going into industrial manufacturing, faulty flight systems, and now thousands of bogus jet engine parts that have found their way into commercial aviation.
So it should have been a bit of a warning sign to the procurement folks conducting due diligence on this sketchy supplier of jet engine parts, when they saw that the nondescript identity of the “Quality Assurance Manager” included a generic name and a stock photo, along with other profiles cobbled together by a fly-by-night individual whose entrepreneurial zeal is clearly more ambitious than his commitment to professional ethics and public safety.
While this continues to be a wake-up call for global buyers and suppliers of large scale systems, it’s also an urgent reminder to all businesses that integrity, confidentiality, and privacy breaches still converge around the weakest link in those chains. So efforts to conduct vendor risk assessments and insistence on independent audits have a real-world economic impact that must not be ignored. Nor should that impact be downplayed when disasters inevitably strike, because those serious incidents can sometimes emerge as catalysts for positive change.
If your organization is passionate about this topic or you have a special event coming up, why not book Claudiu Popa for your next professional keynote speech? With unique educational insights and engaging – or entertaining – delivery, Claudiu does all the research, planning and design of each custom presentation to ensure full alignment with your event management team.
Book your unique presentation today or review Claudiu’s unique event seminars, ready to be customized for any audience. Click here to browse or here to discuss your plans.