Black Swan Events are typified as unprecedented, unexpected disasters/disruptions which can greatly impair a business’s supply chain operations. Black swan events go beyond regular expectations of a typical disruption, are extremely impactful and typically explained after the event’s occurrence. Black Swan Events can range from natural disasters to man-made events that can affect any node of a supply chain. Although Black Swan Events are often unexpected, analysts can determine in hindsight that the event was bound to happen, shedding light on pre-existing supply chain vulnerabilities.
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