Remove 2017 Remove Inventory Remove Sourcing
article thumbnail

90-day tariff response: From crisis management to competitive advantage

Kinaxis

In just six months, tariff activity has doubled the pace of the 2017–2020 trade war. Create a comprehensive inventory that maps each product to its tariff classification, current duty rates, and potential increases under various scenarios. Your kanban and inventory strategies need tactical adjustments to prevent operational stalls.

article thumbnail

Crisis Management and Business Continuity in Supply Chains: Bridging the Gap Between Plans and Real-World Execution

Logistics Viewpoints

Real-World Examples Maersk (2017): A ransomware attack crippled IT systems across its global logistics network. Companies with dual sourcing and buffer inventory got back on track faster. Recovery required offline backups and manual workarounds, highlighting the value of tested, non-digital contingency plans.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why the Supply Chain Matters to Business Success

Logistics Bureau

In 2017, the company began to look at new options for warehousing, knowing it would need to start placing inventory closer to customers if it wanted to compete in the challenging omnichannel retail space. Place your main inventory holdings close to your logistic partner’s central hub.

article thumbnail

Southern California Wildfires and Windstorm 

Exiger Perspectives

By pinpointing suppliers in affected regions and analyzing their capabilities and products, clients can proactively identify alternative sources, ensuring continuity and minimizing operational disruptions. Source: Cal Fire) A Red Flag Warning zone, represented in pink, highlights areas where critical fire weather conditions are expected.

article thumbnail

What Retailers are Saying About Tariffs - Part 5

Cathy Roberson

Reported May 20 Let me take a moment to comment on our global sourcing strategy. Today, more than 50% of our purchases are sourced in the United States. During that period, the vast majority of our supplier partners developed diversified sourcing strategies across several countries, including the United States.

article thumbnail

Online Platforms Offer Ocean Freight Services to SMBs

Cathy Roberson

Shift to Ocean During a Freightos webinar in January, Judah Levine, Freightos’ head of research, said that there are signs that some Chinese exporters and US e-commerce importers or sellers are starting to build up inventories via ocean freight in potential anticipation of stricter de minimis rules. Cargo imported into the U.S.

article thumbnail

AI: Real or Hype?

Supply Chain Brain

In comparison, 20% indicated the same in 2017. According to an annual survey by McKinsey & Company , 78% of respondents indicated that they use AI in at least one business function. Evolving AI According to Wood, AI is considered an umbrella term and has evolved over the years.