OceanGate and the Limits of Supply Base Innovation
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…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.