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OceanGate and the Limits of Supply Base Innovation

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Manage episode 519238366 series 3317274
Content provided by Kelly Barner and Art of Procurement. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kelly Barner and Art of Procurement or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

On June 18, 2023, the OceanGate TITAN, a submersible on its way to the Titanic wreck site, imploded, killing all five passengers, including OceanGate CEO, Stockton Rush.

There were a number of factors leading to this tragic event, including a horrible disregard of basic safety measures, a deliberate effort to work outside of regulatory and inspection protocols, and a toxic company culture.

While many of these issues were internal, OceanGate did not make the TITAN or its predecessors in-house. This means that they had suppliers, and those companies had a front row seat to what was unfolding.

In this episode of the Art of Supply podcast, Kelly Barner covers the OceanGate operation from a supply chain point of view:

  • OceanGate's evolutionary journey – first to buy and retrofit their submersibles and then to build them
  • The different suppliers that played a role in manufacturing the TITAN, and signs that the company was looking for alternatives
  • The challenge presented by innovation that seems to defy convention. When is an idea truly groundbreaking, and when is it just reckless?

Links:

  continue reading

196 episodes

Artwork
iconShare
 
Manage episode 519238366 series 3317274
Content provided by Kelly Barner and Art of Procurement. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kelly Barner and Art of Procurement or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

On June 18, 2023, the OceanGate TITAN, a submersible on its way to the Titanic wreck site, imploded, killing all five passengers, including OceanGate CEO, Stockton Rush.

There were a number of factors leading to this tragic event, including a horrible disregard of basic safety measures, a deliberate effort to work outside of regulatory and inspection protocols, and a toxic company culture.

While many of these issues were internal, OceanGate did not make the TITAN or its predecessors in-house. This means that they had suppliers, and those companies had a front row seat to what was unfolding.

In this episode of the Art of Supply podcast, Kelly Barner covers the OceanGate operation from a supply chain point of view:

  • OceanGate's evolutionary journey – first to buy and retrofit their submersibles and then to build them
  • The different suppliers that played a role in manufacturing the TITAN, and signs that the company was looking for alternatives
  • The challenge presented by innovation that seems to defy convention. When is an idea truly groundbreaking, and when is it just reckless?

Links:

  continue reading

196 episodes

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