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Studies show that fires and explosions are the most feared supply chain risks for business disruption. Now, those fears have come true in one of the biggest ports in the world. Yesterday, we learned about the devastating explosions in the port of Tianjin, which caused absolute havoc in Northern China. Reuters cited a statement by the city’s government that 50 people were confirmed dead – including 12 firefighters – and as many as 400 injured. More deaths are expected as there is still no contact with at least 36 firefighters.    ......

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