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Supplychains are particularly vulnerable during recessions. Consequently, it is imperative to develop a recession-proof supplychain to make them more resilient and adaptable. A resilient supplychain is one that can absorb shocks and continue functioning with minimal disruption.
Kristina is the Director of Operations at Bettaway, a privately held, family-owned SupplyChain Services company headquartered in South Plainfield, New Jersey. About Bettaway Bettaway is a privately held, family-owned SupplyChain Services company headquartered in South Plainfield, New Jersey. Bettaway West, Inc.:
Twenty twenty-five is starkly different: the next global war has already begun, and it’s unfolding not on distant battlefields, but right through the supplychains that you rely on. Your supplychain is already directly in the line of fire. Worse, we lack a coherent strategy to counter this "long war" already underway.
year-on-year in June, after higher tariffs on goods from the country's top ocean trade partner extended a steep drop that began in May , supplychaintechnology provider Descartes (DSG.TO) said on Tuesday. Donald Trump’s tariff scattergun will miss target A good tradesperson picks the right tool for the job.
We first saw the post-era of Y2K, followed by the market crash of 2008, and now the post-COVID business pressures on supply and demand. If the materials and resources needed for manufacturing can be sourced locally, reshoring can stimulate a company’s balance sheet and improve customer service. Why Do Companies Reshore?
Union Pacific, Norfolk Southern explore cross-continental railroad merger, source says Union Pacific (UNP.N) , the largest U.S. Apple in $500 million rare earth magnet deal with MP to expand US supplychain Apple (AAPL.O) freight railroad operator, is exploring a possible acquisition of Norfolk Southern (NSC.N) trade deal.
The deal was reworked to raise the price floor in both 2002 and 2008, before a new agreement that separated pricing categories for different types of tomatoes was signed in 2013. agreed to pause its investigation that same year after Mexico agreed to sell tomatoes at a set minimum price. border entries for bulk tomatoes.
Understanding Bitcoin is not only essential for anyone interested in the future of finance and technology but also for those looking to make informed decisions in this dynamic landscape. It was introduced in a whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” in 2008.
The average manufacturing company’s supplychain organization is 15 years old. Historically, the traditional supplychain focused on improving costs. Today, more mature supplychain teams focus on delivering value. Typically, it is a lack of common definition on what defines supplychain excellence.
Google did not acquire a third-party logistics (3PL) company or a logistics software vendor. And more companies are treating SupplyChain Design as a continuous business process instead of a standalone project or a once-a-year exercise (see SupplyChain Design: Growing Scope, Community, and Collaboration ).
The global supplychain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. In March 2023, the Global SupplyChain Pressure Index fell to the lowest level since November 2008. Over the past three years, supplychain cycles shifted.
The premise of the Christensen’s book is that when companies focus on current customer needs, they fail to adopt new technologies or business models that will meet the customer’s unstated or future needs. I think that IBM, HP, Microsoft, Oracle, SAP and Teradata are victims today in the information technology sector.
That will be in 2015, after the peak of oil [supply].”. made that prediction in 2008 (see the Barron’s article What $300-a-Barrel Oil Will Mean for You ). Brent crude oil prices Dec 2009 – Dec 2014 (Source MoneyAM.com). If you want that oil, that’s what you will have to pay for it. The Google TMS?
by John Westerveld Over the years, working for and with numerous manufacturing companies, I’ve seen many supplychain practices that cost companies money. Reason #3 Not having end-to-end supplychain visibility. Reason #4 Making key decisions by modelling the supplychain in Excel.
Source: Dictionary.com. As supplychain clichés take flight, clients struggle with execution. As supplychain clichés take flight, clients struggle with execution. One of these concepts that I hear a lot; but see few tangible examples, is the idea of “customer-segmented supplychain.”
“The biggest mistake companies make as they’re growing is leaving supplychain management and human resources behind.”. Howard Schultz, the CEO of Starbucks, shared that insight during his keynote address at last week’s Council of SupplyChain Management Professionals (CSCMP) Annual Conference.
However, if they take a closer look, they will find that there are significant benefits to supplier diversity – not only for suppliers and their supplychains, but also for their business. She said, “Supplier diversity is no longer a business catch phrase; it is a fundamental element of supplychain management.
by Kevin McGowan A recent New York Times article demonstrated that supplychain management innovations can come from some unexpected places. This simple idea has transformed fishery end-to-end supplychain management , and other organizations are starting to follow suit.
For the past few years I’ve been using that phrase, which you typically find in investment literature, when making the case for innovation in supplychain management. As the table below shows, back in 2008, the U.S. These new participants frequently have less experience executing the development of efficient supplychains.
Supplychain excellence is easier to say than to explain. Executive teams strive to drive improvement in supplychain results; yet, sadly, only four percent of public companies succeed. The supplychain is a complex non-linear system. Now, I view the company as a supplychain laggard.
They will soon change your supplychain. Designed in the 1960s when a Megabyte (MB) of disk storage cost the same as a Terabyte (TB) does today, relational databases form the basis of today’s supplychain systems and IT architectures. Doug named the software after his son’s favorite pet elephant shown here.)
Subscribe to SupplyChain Game Changer. Digital SupplyChain Overview! Digital SupplyChain evolve article and permission to publish here provided by Megan R. People often position the digital supplychain as essential for helping today’s businesses succeed. Email Address.
We have exciting news at Freightos – we’re proud to announce that we’ve acquired WebCargoNet , a leading logistics technology provider. There’s unprecedented volumes of global shipments , growing international trade, more flexible supplychains, and easier sourcing than ever before (Alibaba, anyone?).
In my day-to-day work in supplychain management, I find more encounter more opinions than facts. …most discussions are fueled by over-zealous and self-serving marketing programs. The period of 2007-2008 was the downturn of the recession while the period of 2009-2013 marked the recovery. SupplyChain Leadership.
Will the supplychain ever catch a break? With every link of the supplychain impacting businesses both large and small, keeping up with the globally disrupted supplychain evolution is a recipe for whiplash. Raw Material Shortages Are Affecting a Challenged SupplyChain.
In the wake of the financial crisis of 2008–2010, CSR again became a focus for evaluating corporate behavior. CSR in Your SupplyChain. CSR opportunities can be found across the entire supplychain in many different forms, including vendor compliance, quality management and sustainability as a whole.
Blockchain technology is revolutionizing the way businesses manage their supplychains. By providing a secure and transparent way to track products from their origin to their final destination, blockchain for supplychain can help increase efficiency, reduce costs, and improve trust between suppliers and customers.
The Internet’s large-scale global penetration has spawned an increasingly large number of technology and web-savvy consumers, creating a huge opportunity for both industrial manufacturers and their end customers. Manufacturers will be able to improve their inventory due to the information presented by both supplychain and operations data.
As part of LogiSYM Asia Pacific 2022, we had the opportunity to chat with Vittorio Favati, Chief Executive Officer – TVS SupplyChain Solutions GFS. He also went on to share what he sees as the five key changes making a global impact to supplychains today and gave advice for those working in or considering a career in our industry.
I thought I understood all the major supplychain implications of the pandemic until I began reading Yossi Sheffi’s new book The New (Ab)Normal: Reshaping Business and SupplyChain Strategy beyond Covid-19. The potential supplychain impacts of this conflict dwarf any other supplychain news that might be reported.
The value of peer-to-peer learning and networking was evident at last month’s Ryder Innovate conference — “an exclusive gathering of senior leaders in transportation, logistics, and supplychain seeking strategic insight, new ideas, and thought leadership to improve their supplychain and fleet operations.”
In 2008, the rate reached a high of $2.50/mile Truck costs will continue to increase due to technology upgrades prompted by: New engines that will be lighter, more fuel efficient and transfer data to the truck’s technology. Utilize lower cost transportation; alternate sources such as Aerocraft airship or rail.
However, while technology evolves to allow better tracking of carbon footprint, there’s a potential to substantially improve overall with sustainable logistics by addressing a less often discussed but insidious problem. That’s potentially frustrating. It’s seemingly an intractable problem that represents, according to some data, nearly.1%
Prime Minister Yoshihide Suga said it was essential to prevent Tokyo, where the highly infectious Delta COVID-19 variant was spreading, from becoming the source of another wave of infections. Amazon has announced that it plans to develop new technology for its autonomous delivery vehicles in Helsinki, Finland.
Subscribe to SupplyChain Game Changer. The Backbone of Bitcoin Technology article and permission to publish here provided by Jean Nichols. Bitcoin was released as a digitalized coinage in the year 2008 at the very first glance. Originally written for SupplyChain Game Changer and published on June 21, 2021.
We've already listed the top 10 manufacturing articles, the top 10 supplychain articles, and yesterday, the top 10 logistics articles. This is especially true when outsourcing transportation management, as transportation can include a large part of your overall supplychain and business costs.
Subscribe to SupplyChain Game Changer. When people hear about Blockchain technology they think of “Bitcoin” and because of this association – The underlying Blockchain technology has been always been viewed suspiciously due its rather radical approach to data sharing on an open platform using cryptography.
by John Westerveld When things happen in supplychain, knowing sooner and acting faster can mean the difference between a major catastrophe and a minor hiccup in your supplychain performance. Imagine this scenario; you are a supplychain executive for a major U.S.-based It’s a Sunday morning in May 2008.
The Ferrari Consulting and Research Group through its affiliate the SupplyChain Matters blog shares select individual prediction snapshots that are included in our Annual 2023 Predictions for Industry and Global SupplyChains Research Advisory publishing later this month. Background. Prediction Background.
The 5 Levels of SupplyChain Transparency! The phrase “SupplyChain Management” was first coined in 1982. Blockchain has rapidly become a very widely used term, at first intended to describe the enabling technology platform behind Bitcoin. ” (Source: [link] ). ” (Source: [link] ).
Menlo Continues its Support of Degree Course in SupplyChain Management. It’s interesting how companies refer to money spent on employees as “costs” while money spent on technology are “investments.” Need some justification to invest in route optimization and telematics technology? million, down 11.0 percent from Q3 2012.
With new supplychain innovations , trends in logistics technology and advancements like automated robots making a big impact on operational efficiency, it seems that supplychain optimization is within reach for more companies than ever before. Brown @TheMichaelBrown Michael D.
Sales and Operations Maturity Model from 2005-2008. However, this mature team found the technology insufficient. Despite the deployment of what is considered to be the most mature technologies by the organization, the most important processes–allocation and Available to Promise (ATP)–are largely manual. Measure it.
Subscribe to SupplyChain Game Changer. For example, you might be familiar with the fact that bitcoin was unconfined in 2009 and was invented in 2008. August 2008. The white paper demonstrated tons of facts regarding bitcoin, such as the inventor of bitcoin, the actual complexity and technology of bitcoin, and many more.
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