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Supply chain risk management in 2017

Kinaxis

Maybe the one good thing to come out of it was some companies figured out how they could survive with lower inventories. The 2010 volcanic eruption in Iceland. For example, travel was halted all together as a result of the 2010 Eyjafjallajökull volcano. Some suppliers weren’t so lucky. Well, it got a lot worse.

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Molex Prizes Agility

Logistics Viewpoints

Those shipments can move directly to customers or move to several regional distribution centers (DCs) that serve as forward inventory locations and consolidation hubs servicing customers and channel partners. Molex Realizes it Needs Better Visibility.

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Resilience and Agility in Supply Chains: Navigating Change in a Dynamic World

The Logistics & Supply Chain Management Society

Similarly, during the 2010 volcanic eruption in Iceland, which disrupted air travel across Europe, fashion retailer Zara showcased its agility by rapidly adjusting its distribution network to ensure timely delivery of products to customers.

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Reflective Thinking: Complexity

Logility

According to Gartner’s August 10, 2010 report, SKUs are Driving Complexity Into Your Supply Chain and Profitability Out of Your Bottom Line”, supply chain executives often cited item proliferation as a top driver of complexity. Webcast: Inventory Management: Balancing Fast and Slow-Moving Products.

Gartner 100
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Supply Chain Resilience Core Capacities

MIT Supply Chain

For example, the 2010 Eyjafjallajökull volcano eruption in Iceland caused a primary loss of freight transportation capacity, but that loss also robbed many companies of supply capacity. Often, backup inventory and garden-variety expediting measures can ensure that the supply chain maintains continuity. a few days, for example?—?is