Resilinc

JANUARY 15, 2024

The latest updates on shipping delays in the Red Sea in January 2024, including which businesses and industries have been impacted. Since our last blog on the Red Sea Ship Attacks on December 21, six of the top ten container shipping firms, including Maersk, MSC, Hapag-Lloyd, CMA CGM, ZIM, and ONE, have either significantly reduced or completely halted their operations in the Red Sea region.

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Resilinc

JANUARY 8, 2024

Ready for a supply-chain-themed movie night? Check out these disaster movies ! Disaster movies have been around for over 100 years. The first disaster movie, “ Fire! ” came out in England in 1901 and depicted firemen on the scene of a burning house. Since then, the stakes (and the budgets) of these movies have grown much higher. Massive global earthquakes, the coming of a second ice age, enormous volcanic eruptions, and more have all graced the silver screen.

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Resilinc

JANUARY 2, 2024

Resilinc’s President of Government, Defense, and Aerospace, Peter Guinto, provides insight into what’s top of mind for Aerospace and Defense supply chains. In 2023, there was a resurgence in demand within the aerospace and defense (A&D) industry, according to Deloitte. On the commercial side, air travel returned to pre-pandemic levels, leading to heightened demand for both new aircraft and after-market products and services.

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Aerospace Supply and Demand Demand Planning Software Supply Chain Software 61

Resilinc

DECEMBER 21, 2023

Understand how the recent Red Sea ship attacks are impacting global supply chains and how to mitigate potential risks. Following the recent attacks launched by Yemen’s Houthi group on cargo ships in the Bab al Mandeb Strait at the southern end of the Red Sea, several major global shipping and oil companies – including Maersk and British Petroleum (BP) – have suspended shipments and halted operations in the area.

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Resilinc

DECEMBER 19, 2023

Plan for the New Year by learning about the biggest trends set to impact the future of supply chain. Dive into the top supply chain trends of 2024. While 2023 brought some much-needed stability to the global supply chain, experts are well aware that the next major disruption is just around the corner. In this blog, we take a deep dive into predictions for the New Year, outlining the top megatrends set to shape global supply chains next year and beyond.

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Pharmaceutical Supply Chain Planning Software Supply Chain Planning Supply Chain Strategy 61

Resilinc

DECEMBER 5, 2023

Shahzaib Khan discusses Resilinc’s journey toward AI-driven supply chain excellence From its early inception in the 60s’ to its increasingly available public access, artificial intelligence (AI) has come a long way. As with any technology that innovates throughout the decades, AI has many milestones and historical roots—from its use in some of the first early natural language processing (NLP) programs (circa Daniel Bobrow’s STUDENT NLP) to IBM Watson beating Ken Jennings on Jeopardy in 2011

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Supply Chain Risk Management Risk Management Modeling Agile and Lean Supply Chain 75

Resilinc

NOVEMBER 14, 2023

Resilinc’s Rick Freeman weighs in on the future opportunities for high-tech and semiconductor companies Despite the stabilization of the high-tech and semiconductor supply chain, the industry still faces pressure due to ongoing import/export restrictions and changing regulations governing semiconductor production and sourcing. As the industry continues its road to recovery, the focus will remain on greater resiliency, supply chain security, and materials sourcing transparency to prevent future

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Resilinc

NOVEMBER 8, 2023

So far in 2023, Resilinc’s supply chain disruption monitoring platform EventWatch AI sent 7,422 disruption alerts for the high-tech industry—up just 1% from the same time period in 2022. Of these alerts, over 50% triggered a War Room—meaning these disruptions could disrupt the supply chain. What were the causes behind these disruptions? And what challenges does the high-tech industry have to tackle to avoid future semiconductor shortages?

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Supply Chain Disruption Supply Chain Planning Software Supply Chain Software Supply Chain Planning 53

Resilinc

NOVEMBER 1, 2023

Countries worldwide have announced policies to promote the shift toward green technologies—especially electric vehicles (EVs). In 2022, the US passed the Inflation Reduction Act (IRA) to provide tax incentives and funding to create a clean energy economy. In Europe, the Green Deal Industrial Plan will require all new cars sold in the EU to be zero-emission starting in 2035.

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Alloy Material Savings Price Reduction Purchasing Skills 58

Resilinc

OCTOBER 23, 2023

In 2023 so far, Life Sciences has surprisingly had the highest number of EventWatch AI alerts of any industry tracked by Resilinc. In this Q&A, we sat down with Craig Fix, Resilinc’s Senior Director of Customer Success, to discuss why this is happening and how it is impacting the entire industry. Craig is a veteran practitioner in Life Sciences with nearly 30 years of experience and was Resilinc’s first Life Sciences customer, giving him a unique perspective on the latest challenges.

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Pharmaceutical Manufacturing Procurement Material Savings Supply Chain Strategy 53

Resilinc

OCTOBER 18, 2023

Bordered by Lebanon, Syria, Jordan, and Egypt, the State of Israel is connected to even more countries through the global supply chain. In 2021, Israel’s main import partners were all over the map, from China to the US, Turkey, Germany, and Switzerland. For exports from Israel , in 2022, the US received the most exports, followed by China, India, Germany, and Ireland.

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Resilinc

OCTOBER 9, 2023

What’s at stake when your supply chain is unprepared for a cyber attack? $4.45 million —that’s the average cost of a data breach across the globe in 2023. In the United States, that number is even higher at a staggering $9.48 million! If you don’t have ways to prevent cyber attacks in your supply chain, that’s a lot to leave up to chance. Adding to the urgency, global cyber attacks are on the rise, increasing 38% in 2022 compared to 2021.

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Resilinc

SEPTEMBER 24, 2023

Black swan supply chain events have traditionally been associated with (if not formally defined as) improbable, rare, or unlikely events with severe or even catastrophic business impacts. However, as we learn more about how disruptions impact supply chains, it is time for companies and supply chain managers to reconsider the traditional view of black swan events.

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Supply Chain Risk Management Risk Management Supply Chain Planning Software Supply Chain Strategy 58

Resilinc

SEPTEMBER 19, 2023

Supply & Demand Chain Executive just announced the Women in Supply Chain award winners—and Resilinc’s Senior Director of Customer Success, Beth Cook, is a 2023 recipient! This award honors female supply chain leaders and executives whose accomplishments, mentorship, and examples set a foundation for women at all levels of a company’s supply chain network.

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Resilinc

SEPTEMBER 12, 2023

Supply chain shortages have led to frustration at the pharmacy counter for many this year. With critical cancer drug shortages in May and ADHD medication shortages continuing even into Fall 2023, it has been difficult for many to get the pharmaceuticals they need. Now, a new threat may throw a wrench in the already precarious pharma supply chain. By November 27, 2023, pharmaceutical supply chains must comply with the Drug Supply Chain Security Act (DSCSA) by providing increased supply chain visi

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Pharmaceutical Agile and Lean Supply Chain Supply Chain Software Supply Chain 58

Resilinc

AUGUST 30, 2023

What’s happening in the Panama Canal 2023? The Panama Canal, a crucial 50-mile waterway that six percent of all global trade passes through, faced major traffic jams this month due to a historic drought. Two weeks ago, 160 ships were stuck waiting to pass through the canal, carrying everything from auto parts, Barbie dolls, and diabetes test kits, according to Reuters.

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Resilinc

AUGUST 15, 2023

Semiconductors, LEDs, iPhones, infrared radiation, and more. Do you know what these products have in common? All these modern products are manufactured using the key commodities germanium and gallium. China is the global leader in exports for both rare metals, exporting around 80% of the world’s gallium and about 60% of the world’s germanium. Unfortunately, China has just issued critical restrictions on these commodities, creating a cause for concern for many businesses and manufacturers in t

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Resilinc

AUGUST 9, 2023

In a fiercely competitive global market, demand fluctuations pose ongoing supply chain risks. Shifts in demand can lead to bigger issues like inventory understock, overstock, and supplier capacity risks. So, how can companies navigate ever-shifting demand? Many companies turn to sophisticated tools and algorithms. However, consumer demand is volatile, and statistical forecasting models have fundamental limitations.

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Modeling Supply Chain Design Software Supply Chain Planning Software Supply and Demand 48

Resilinc

AUGUST 3, 2023

We’re already over halfway through 2023, and things are looking up for the supply chain. We dug into the data from our event watch monitoring platform, EventWatch AI , and here’s what we found. From January to June, we saw a total of 8,197 supply chain disruptions , only a 3% year-over-year increase. This ever-so-slight increase hints that the supply chain is stabilizing—which is great news considering how volatile the past few years have been.

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Resilinc

AUGUST 1, 2023

The European Union has enacted a new regulation to ensure that products made through deforestation are not sold to EU citizens. The EU Deforestation Regulation (EUDR), adopted on June 29, 2023 , will prevent companies from placing commodities linked with deforestation and forest degradation onto the EU market. It will also prevent companies from exporting those products outside of the EU.

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Resilinc

JULY 27, 2023

Just three years ago, Americans from all over the country rushed to their neighborhood supermarkets to stock up on essential items from canned foods to toilet paper. Even a year after the Covid-19 outbreak, empty shelves and shortages remained a familiar sight for shoppers. Failures in the supply chain were to blame. And for many, the question remains: when will the supply chain normalize again?

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Supply Chain Planning Software Pharmaceutical Agile and Lean Supply Chain Supply Chain Planning 62

Resilinc

JULY 25, 2023

In this Q&A, we sat down with Sidney Johnson, one of the newest members of the Resilinc Advisory Board. Sidney has over three decades of global direct and indirect procurement and supplier management experience. As an accomplished Chief Procurement and Supply Chain Officer, Johnson has served on multiple board committees, including the National Minority Development Council, the International Trade Centre (a joint agency between the World Trade Organization and the United Nations), and the In

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Resilinc

JULY 21, 2023

Thousands of loyal fans are excited for the new Barbie movie premiering this July 21, featuring the pink-loving character who was an iconic figure in so many childhoods. But who could’ve guessed that Barbie’s love of pink could somehow be tied to a global pink paint shortage? As the media investigates and the situation receives more mainstream attention, many have begun to wonder: did the Barbie movie actually make the world run out of pink?

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Resilinc

JULY 18, 2023

As waves of lawsuits are filed against PFAS manufacturers like 3M and DuPont, businesses and consumers are raising questions about safety and health concerns. For decades PFAS chemicals have not only found their way into everyday home products, from skincare to clothes and cookware to carpet, but also into drinking water for entire cities. There’s another place where PFAS can be found, too—our supply chains.

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Resilinc

JULY 11, 2023

BMW, Mercedes-Benz, and Volkswagen have come under scrutiny for potentially violating Germany’s new supply chain act. On Tuesday, June 20, the European Center for Constitutional and Human Rights (ECCHR) accused these German carmakers of having ties to forced labor in the Xinjiang region of China. The complaint was filed under The German Supply Chain Due Diligence Act ( SCDDA )—a defining environment, social, and governance (ESG) act that aims to make German organizations responsible for human ri

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Resilinc

JULY 31, 2023

Learn how to create an agile supply chain and the 6 principles to consider when developing an agile supply chain for your business.

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Resilinc

JUNE 27, 2023

Resilinc’s 24/7 monitoring system, EventWatch AI , is designed to track over 50 types and 400 sub-types of supply chain disruptions. This includes extreme weather events, cyberattacks, labor issues, and industrial accidents, to name a few. When receiving EventWatch AI alerts, clients are often surprised to find that Mergers & Acquisitions (M&As) are a frequently occurring disruption in their inboxes.

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Resilinc

JUNE 21, 2023

Can you believe it? The last time we compiled a list of supply chain book recommendations was in 2016 in our blog, 6 Books Every Supply Chain Professional Must Read. Back then, the world of supply chain in a pre-covid world looked quite different. Following the lessons learned from the supply chain disruptions of the pandemic, governments and businesses are discussing supply chains in a whole new light—with a focus on resiliency and sustainability.

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Supply Chain Software Supply Chain Strategy Agile and Lean Supply Chain Supply Chain Optimization 62

Resilinc

JUNE 11, 2023

Do you ever get confused when people use the terms supply chain risk management (SCRM) and supply chain resilience? It’s common to hear industry practitioners, stakeholders, solution providers, and analysts use these terms interchangeably; for example, an SCRM program and a supply chain resilience program. But are these terms actually equivalent? Or is there a reason to use one over the other?

Supply Chain Risk Management 101

Supply Chain Risk Management Risk Management Supply Chain Planning Software Supply Chain Design Software 101

Resilinc

JUNE 6, 2023

On May 23, President Biden officially launched The Indo-Pacific Economic Framework (IPEF). This framework aims to prevent detrimental supply chain shortages (such as the chip shortage the automotive industry faced during the pandemic) and improve response time when supply chain disruptions occur across the partnered countries. As of negotiations on May 27 , the IPEF includes the US and 14 Asia-Pacific nations: Australia, Brunei, Fiji, India, Indonesia, Japan, Korea, Malaysia, New Zealand, the Ph

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Resilinc

MAY 30, 2023

Cancer drugs have once again become one of the top five drugs in short supply. On February 10, 2023, the FDA reported a shortage of carboplatin and cisplatin: two critical chemotherapy drugs needed to treat ovarian cancer and testicular cancer, respectively. These platinum-based treatments are also used to slow the growth of cancer cells in lung, bladder, breast, cervical, endometrial, head, and neck cancer.

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Resilinc

MAY 23, 2023

Believe it or not, the car you’re driving around likely has parts made with forced labor. If you drive a car from Volkswagen-Audi, Honda, Ford, General Motors, Mercedes-Benz, Toyota, Tesla, Renault, NIO, or Stellantis—the parts in your car have a high risk of being sourced from companies linked to abuses in the Xinjiang Uygur Autonomous Region (XUAR) of China; the region targeted by the Uyghur Forced Labor Prevention Act, (UFLPA).

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Resilinc

MAY 16, 2023

Your business likely relies on raw materials experiencing significant price fluctuations or shortages. Many industries are facing challenges with critical commodities due to events such as geopolitical conflicts, ESG legislation, climate-related issues, and stockpiling (which leads to extreme demand shifts). In this blog, we look at the top high-risk commodities to watch in 2023, including where they come from, what they are used for, and why you should pay attention. #1 Cobalt Turbine engines,

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Resilinc

MAY 10, 2023

On August 9, 2022, President Biden signed the CHIPS and Science Act into law. The act’s name clearly explains its purpose; “Creating Helpful Incentives to Produce Semiconductors.” Chip shortages during the pandemic, particularly in the automotive industry, highlighted the need for a better semiconductor supply chain based in America. Even now, after the pandemic has subsided, shortages continue to plague automotive, industrial manufacturing, and high-tech industries.

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Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Modeling Software 62

Resilinc

MAY 2, 2023

On March 14, 2023, the U.S. Customs and Border Protection (CBP) launched the UFLPA Statistics Dashboard ; a fully interactive dashboard that allows anyone to see the latest statistics on which industries have been impacted by the Uyghur Forced Labor Prevent Act (UFLPA). Using the dashboard, users can break down shipments by industry, quarter, and country of origin.

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Resilinc

APRIL 27, 2023

In the past year, risks associated with ESG (Environmental Social Governance) risks have become a big concern for businesses across all industries — and for a good reason. ESG-related supply chain regulations across the globe are on the rise. In 2022, the Uyghur Forced Labor Prevention Act (UFLPA) was signed into law by President Biden to crack down on forced and child labor from the Xinjiang region of China.

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Resilinc

APRIL 19, 2023

Resilinc’s supply chain disruption data for Q1 2023 is here — while overall disruptions are leveling off, there are some new risk types experiencing major shifts. Resilinc’s 24/7 risk monitoring platform EventWatch AI reported 3,821 total disruptions and alerts across all industries and risk events monitored by Resilinc: up 8% QoQ. Out of those disruptions, four major risk areas emerged: financial risks, labor risks, shortages, and recalls.

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