Strategies to Evaluate Risk and Mitigate Impacts for Operations and Supply Chains
Session Description
Tuesday, April 14 | 8:30 AM – 12:30 PM | Location: MIT Museum
Disruptions—from natural disasters to energy shortages—can have far-reaching impacts on operations and profitability. Climate change is exacerbating these issues and firms are developing strategies to make their supply chains more resilient. This workshop will explore the ways in which firms are evaluating risk for materials, energy and facilities along their supply chains, data and modeling gaps in these approaches, and opportunities to apply MIT research leveraging AI to improve risk assessments and create mitigation strategies.
Key topics will include:
How is supply chain resilience defined?
What are the elements of risk (e.g., structural damage, energy supply)?
Which data and models are currently being used to evaluate risk for operations and supply chains? What are their limitations?
How are firms acting on risk assessments and what are their priorities?
What are opportunities for MIT research leveraging climate science, materials systems, and AI to address limitations?
What are the locations and cases that should be used to test the research? Some options include:
Facilities: data centers, manufacturing sites
Decisions: siting new facilities, assessing existing facilities for firms and suppliers, selecting materials suppliers, and product design
Facilitators:
Michael Howland, MIT Professor, Civil and Environmental Engineering
Elsa Olivetti, MIT Professor, Department of Materials Science and Engineering; Mission Director, MIT Climate Project; MCSC Strategic Advisor
