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Home   Membership   Education   Events   Resources   External Affairs      July 03, 2014

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How to identify and address climate risks in your supply chain
In 2010, massive flooding in Pakistan profoundly affected the country and disrupted supply chains globally, spiking international prices for cotton, rice and wheat. This was only one in a string of weather disasters — including heat waves, hurricanes and wildfires — that have affected supply chains on a large scale in the past decade. Despite the enormous value at stake, climate risks in supply chains can be hard to see because they are so large. The key to getting it right is for managers to address supply chain climate risks in terms of existing stressors — such as procurement costs, on-time delivery, water availability and secure energy and infrastructure.
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Eliminate risk of failing disaster recovery procedures through software defined power
Disaster Recovery Journal
Disaster recovery is defined as the policies and processes that are put together in order to keep the IT or the technology infrastructure functioning after or during a natural or human-induced disaster. Data center managers a long time ago realized the dependence of their organizations on their computer systems and thus developed procedures that would ensure continuity of business functions. And the plans and strategy that was being put into place for this purpose was associated to key metrics such as recovery point objective and recovery time objective that are specified for certain business processes and are mapped to the underlying IT systems and infrastructure that support those processes.
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Actively managing risk culture in energy firms
Interest in the risk culture of organizations has increased dramatically in recent years. During that time, research, studies and broad discussions on the importance of risk culture have proliferated across the world. Risk culture is often "the elephant in the room" behind many risk management failures. To enhance firms' level of risk awareness, boards and senior management should periodically assess the risk-taking culture of their organization in order to understand how people at various levels make decisions that have a material impact on the firm's risk profile.
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Sustainable risk management for an evolving healthcare arena
Forward-thinking healthcare organizations began some time ago to factor the coming monumental changes into their strategic plans and to establish critical goals for maintaining their financial viability. To truly thrive, however, organizations must consider the risks that threaten such objectives. Today's evolving reform environment requires that organizations take a sustainable risk management approach, which involves continually re-evaluating the risks posed by the changes and developing and implementing mitigation strategies.
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Worries abound, but US economy shows signs of life
Evidence is accumulating that the U.S. economy is improving, and that may be the biggest ally the stock market rally has. A recent ADP report showed the biggest jump in private payrolls since November 2012. Meanwhile, the June ISM report showed an increase in new orders, and new and existing home sales figures has been stronger as well. Auto sales are robust. Recently, ISI noted that its truckers survey, which they say has the highest correlation with GDP, ticked up to its highest level since December 2005. Yet consumer spending is still modest, underscoring the need for more hiring. Companies are waiting for hard evidence that the economy really is improving before they will start.
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CDC: Traveling for business can be an expensive health risk
Wired Magazine
The CDC Foundation, which supports the US Centers for Disease Control and Prevention, has put up a new publication urging business travelers to protect their health when they travel internationally and steering them to resources to help. It's a smart idea backed by some eye-opening statistics.
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Mitigating social media risk at the Florida Bar Association
In a legal case, any communications exchanged can be relevant. Our interactions in online social environments in personal or commercial cases are increasingly being sought and deposed into court cases. According to compliance software vendor, Actiance, the number of cases has grown by 66 percent in the last year. Companies that are unable to produce these records face fines. It is a risk possibility for any company, and needs some level of mitigation.
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Why climate change matters
Today's Facility Manager
It is important for individuals and organizations grappling with the effects of climate change to strengthen their awareness of the many risks posed by these weather fluctuations. A heightened understanding of the challenges associated with climate change will support the development of a more robust strategy that allows for creative solutions to address these risks.

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RIMS opens ERM Conference 2014 registration, announces keynote
Recently, RIMS opened registration for the RIMS ERM Conference 2014 scheduled for Oct. 26-28 in Miami. The three-day conference will provide practical solutions to help practitioners build and sustain their enterprise risk management programs. The conference will feature keynote remarks from venture capitalist, tech entrepreneur and New York Times bestselling author Josh Linkner.

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The main reasons people quit their jobs
Nearly 2.5 million Americans quit their jobs each month. According to the Bureau of Labor Statistics, this number has held steady for the past few months after a slow but steady increase from a low of 1.7 million quits a month in 2009. So why are so many Americans – about 30 million per year — packing up and heading for greener pastures?

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Q2 & H1 2014 catastrophe bond & ILS issuance beats all records
The second-quarter of 2014 will go down in catastrophe bond and insurance-linked security market history as the busiest quarter ever, with a stunning $4.634 billion of new cat bond and ILS risk capital recorded in the Artemis Deal Directory. 2014 got off to a strong start with a record first-quarter seeing $1.585 billion of new cat bond and ILS transactions completed. The deal pipeline was full right from the start of Q2 2014, with new transactions ready to market and sponsors eager to tap into the very attractive issuance and pricing conditions.
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Vanishing coal jobs weighs on US-backed pension plans
A surge in overseas demand that has raised coal's outlook in the short run hasn't stemmed long-run job losses, which could worsen with proposed U.S. limits on power-plant emissions. Competition from non-union operators has made matters worse, cutting employer contributions to the main pension plan for union miners and drawing a "seriously endangered" rating from pension regulators, raising the prospect of a government rescue.
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No more castle building: Enterprise security and risk management
Armor, fortifications, strongholds. These have been essential tools for those seeking to protect themselves, their countries and their treasure throughout history, keeping valuables safe from the marauding hordes outside. However, the examples of ancient Troy and the Maginot Line show us that fortifications are far from impregnable, and that placing too much faith in them to the exclusion of other defenses can be a very expensive error.
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Missed last week's issue? See which articles your colleagues read most.

    Top 5 biggest myths about business continuity (Techday)
Study: Supply chain risk management now a priority for most businesses
(Manufacturing Business Technology)
Economic cost of climate change projected to grow, ILS has role to play (Artemis)
It's time to dust off the risk management plan (National Hog Farmer)

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Colby Horton, Vice President of Publishing, 469.420.2601
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Lisa Smith, Senior Content Editor, 469.420.2644 
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