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Build Supply Chain Resilience with a Diverse Sourcing Strategy 

Logility

But considering how supply chains have responded and overcome high-impact global and regional events over the past couple of years, Mark Balte, Logility’s executive vice president of supply chain innovation, believes that resilience ultimately comes down to planning. Developing Diverse, Resilient Sourcing Strateg ies.

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Exiger Has Taken the Supply Chain Risk Market by Storm

Logistics Viewpoints

These solutions use natural language processing, for example, to read online publications and other data sources, make sense of what they read, contextualize the data into information, and report supply chain disruptions caused by weather, geopolitical events and other hazards in near real-time.

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Introducing EventWatchAI 5.0: 100M New Sources, Near Real-Time Reporting

Resilinc

In 2022, Resilinc’s 24/7 supply chain disruption monitoring platform reported a 32% increase in disruptive supply chain events year over year: geopolitical events, bankruptcies, factory fires, extreme weather , and leadership transitions contributed to much of the chaos. monitoring indirect suppliers).

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3 Main Benefits of Sourcing Locally

EC Sourcing Group

As consumers become more conscious of unethical supply chain practices and the impact of their purchasing decisions on local economies, companies are increasingly looking to local sourcing to support their communities and foster brand loyalty. Also, companies may need to invest in new infrastructure and processes to support local procurement.

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S&OP Reimagined: Overcoming the New Normal with a Revamped S&OP Process

Speaker: Fernando Penteado, CPSM - Supply Chain and Logistics Executive, Global Markets Expert, and International Speaker

Now, as a variety of disruptive events cause supply chain challenges, companies are contemplating bold moves to keep business moving, including moving sourcing and manufacturing closer to home markets and maintaining a larger reserve stock to help manage the fluctuations in supply and demand.

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Rethinking Black Swan Events for Modern Supply Chain Risk Management

Resilinc

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. What are Black Swan Events in Risk Management? There are two components that make up a black swan event.

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Two-Thirds of Organizations Say Reducing Supply Chain Disruption Has Increased in Priority in Response to Recurring Black-Swan Events

ivalua

Almost seven-in-ten (68%) of organizations view suppliers as a source of differentiation, while 66% now collaborate with suppliers to increase supply chain resilience. Black Swan events are expected to come at shrinking intervals, so organizations must think about where disruption will come from and how it will affect global supply chains.