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'Rogue Waves' has influenced corporate strategies and business models by emphasizing the importance of preparing for black swan events. These are unpredictable and rare events that can have severe consequences. In relation to distribution chains, the book suggests that businesses should have flexible strategies that can adapt to sudden changes. This could involve having multiple suppliers, diversifying transportation methods, or maintaining a buffer stock to ensure continuity in case of disruptions. The book encourages businesses to view these systemic threats as opportunities for growth and innovation.
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Take the example of a distribution chain. The factory pushes new products as system inputs. Multiple warehouses are nodes that stock inventory. Vehicles are links that move products across warehouses. The mode of transport depends on both the Rate of transfer and Frequency of transfer. Finally, the seller is paid(output) when the product is delivered.
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How do you prepare your business for black swan events like pandemics or financial crises? Rogue Waves by Jonathan Brill explores how to prepare for a...
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