The Network Is The Risk
Source: City University of London (Cass)
The start of 2009 saw dramatic headlines in the Financial Times about the UK Economy. UK debt fears fuel plunge in sterling (20th January 2009), What started with the credit crunch has become a global economic slump, the like of which we haven't seen for about two decades," CFO - British Airways (6th January 2009), The Bank of England cuts interest rates to the lowest level in its 315-year history (8th January 2009). These headlines are all connected because of the complex networked nature of the economy. Supply chains of individual companies are multi-faceted with manufacturing in China, financing in London, IT and data in India and inventory owned but not located in Switzerland.