Insurance Pro and Con - This Week in Supply Chain Management (25 / 2012)

My hard drive just crashed. Well, one of two I use to store all a my private media. The disks were arranged as RAID 0. And the 0 already indicates that there is zero redundancy. So the data is gone.

Sure there is a backup, so nothing is really lost. Getting up and running again still will take at least until Sunday. The first thing I did was ordering a new disk on amazon. As soon as it arrives I will have to recreate my RAID and play back all of the data. A tedious and long process, since that’s something you don’t do every day…

So my lessons learnt: Never rely on a single weak link, especially if you are not at least prepared to fill the gap.

By the way. Since early 2011 I always buy the same disk by Samsung (HD204UI 2TB). And that’s the price development since then:
January, 2011: 80.39 EUR
July, 2011: 62.99 EUR
August, 2011: 60.99 EUR
June, 2012: 105.17 EUR

As you can see the price nearly doubled after the Thailand flooding. And that is nearly a year after the disruption.
But now let’s see what others did this week…

Articles

• Apparently Apple is trying hard to defend its top position in supply chain rankings: AppleInsider reports that inspections have increased in number as well as in their depth. (AppleInsider)
• Leaders in a new category: According to Market Watch Marsh Rick Consulting has been named best supply chain risk consulting services provider. (MarketWatch)
• If you want to read more on Marsh, just have a look at yesterday’s post at Enterra Insights, where Stephen DeAngelis discusses a recent press release by Marsh and his stand on supply chain insurance and alternatives. (Enterra Insights).
• The Risk Management Monitor found a video by Zurich Financial. Larry Collins explains the cost of computer hacking. (RMM)

Enjoy your weekend!