It’s a busy Monday morning for news regarding risk management. Here, I have compiled a snapshot of a few current events taking place within the discipline.

• The Catch-22 of Supply Chain Risk Management: Steven Banker of LogisticsViewpoints.com tells how all of the things that can make for a lean and mean supply chain “can also cause a supply chain to become brittle and break in the face of disasters.” Banker uses the Japan earthquake and Toyota as an example.
• ERM Supports Disaster Recovery Plans: Educational sessions at the 32nd annual Public Risk Management Association’s conference focused on how an enterprise risk management framework provides significant support for municipalities planning disaster recovery, business continuity and resiliency strategies.
• Risk Management Needed to Prevent Future Food Scares: Focus Taiwan News Channel recounts how “public health scholars on Friday urged the government to devise a comprehensive food safety and risk management mechanism, including the regulation of chemical substances, to prevent more food scandals from happening in the future.”
• Microsoft Buys ERM Software Vendor: The tech giant purchased enterprise risk management software vendor Prodiance “to add more compliance functionality to Microsoft Office.”
• Reporting Key to Competent Risk Management: Risk.net reports how Eric Caban, an examining officer in the operational risk governance team at the Federal Reserve Bank of New York, warned that even though reporting is the key to competent risk management, it is often the area that is given the least amount of attention.
• IMA’s Move on Managed Sectors May Help Risk/Return Approach: On MoneyMarketing.co.uk, Stuart Fowler discusses the flaws in conventional balanced management and why society welcomes the IMA’s provocation.