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Transportation Risk Management: Keep Your Cargo Out of Danger

Logistics Viewpoints

Omni-channel business models often lead to more complicated global supply chains. With the main focus on maximizing time and cost efficiencies, cargo risk management is often skipped over despite being a critical step in protecting your company. Due to the global outbreak of the coronavirus, many global shippers are recognizing the value in a risk management plan to best prepare themselves for the current situation and others like it in the future.

Supply Chain Risk Management: Could You Face a Category 4 Supply Chain Disaster?

Kinaxis

states, obvious disruptions to supply chains and supply chain risk management were a given. Many of the states affected contained key ports and supply destinations, as well as transportation and logistics hubs. Starting with Miami, this port primarily handles containerized cargo with small amounts of breakbulk, vehicles and industrial equipment. containerized loaded cargo volume and more than 18% of the East Coast container trade.

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Supplier Risk Management Considerations for the Coronavirus Outbreak

ivalua

Beyond this enormous human toll, the Coronavirus and the efforts to control the spread of the virus is being felt throughout the world’s supply chain. Factories in China are facing staffing shortages or are electing to remain closed to protect its workforce, airlines have suspended flights to China, and restrictions and regulations designed to control the spread of the virus could have an adverse impact on cargo leaving and entering ports all over the world.

Supplier Risk Management: 4 Things To Look Out for During On-Site Evaluations

Cerasis

This post is the second in a series of “How to Spot Supplier Risk.” ” In the process of business procurement and especially in the supply chain, supplier risk management is a skill set that needs focus day in and day out. Enhancing Supplier Risk Management Through On-Site Evaluations. The second article in our series on identifying supplier risk explores what to look for during on-site evaluations.

Countdown to Black Friday: Are You an Easy Target for Cargo Theft?

Talking Logistics

As shoppers count down the days until they can score deals on the hottest products, cargo thieves are counting on cashing in on opportunities to swipe unattended trailers and shipments. The industry experiences more cargo theft incidents when there is a higher volume of consumer goods moving through the supply chain. But while we are in the midst of a season notorious for a spike in cargo thefts , there are a few precautions you can take to protect your freight.

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Keep Your Cargo Out of Danger: Best Practices for Transportation Risk Management

CH Robinson Transportfolio

Omnichannel business models often lead to more complicated global supply chains. With the main focus on maximizing time and cost efficiencies, cargo risk management is often skipped over despite being a critical step in protecting your company. . Due to the global outbreak of the coronavirus, many global shippers are recognizing the value in a risk management plan to best prepare themselves for the current situation and others like it in the future.

The Hackers Inside Your Supply Chain

Talking Logistics

Two recent reports highlight the growing threat of cyber-terrorism on supply chains. trillion in cargo annually. While the Coast Guard initiated a number of activities and coordinating strategies to improve physical security in specific ports, it has not conducted a risk assessment that fully addresses cyber-related threats, vulnerabilities, and consequences. The post The Hackers Inside Your Supply Chain appeared first on Talking Logistics with Adrian Gonzalez.

The Day a Cyber Attack Brings the World’s Supply Chains to a Halt

Talking Logistics

“FedEx and UPS have ground to a complete standstill today due to what they say is a virus in their logistics shipping software…blaming the hacking group Anonymous after they declared their intention to punish shipping companies for halting shipments of flu vaccines into China. Cyber risk and security is getting more attention from the ocean shipping community too. This brings the greater risk of unauthorised access or malicious attacks to ships’ systems and networks.

Identity Theft, Trucking Style

Talking Logistics

One of the fastest growing forms of cargo theft is deceptive pick-ups (aka fictitious pick-ups). Here’s how the scheme works, as described in an AP article published last October ( Thieves Pose as Truckers to Steal Huge Cargo Loads ): Thieves assume the identity of a trucking company, often by reactivating a dormant Department of Transportation carrier number from a government website for as little as $300. Keep the cargo moving.

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Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Change is inevitable in modern supply chain management, and risk management is essential to success. Risks evolve and become more prevalent with time. Risk management strategies of yesteryear are ineffective in the changing landscape, and no type of transport can avoid risks. Risks exist in land, air and ocean freight. Poor grasp of hazards in your supply chain will increase freight spend and diminish brand value.

This Week in Logistics News (September 12-16, 2016)

Talking Logistics

Are you attending the Council of Supply Chain Management Professionals (CSCMP) Annual Conference later this month (September 25-28 in Orlando, FL)? If so, I invite you to attend two of the sessions that I am participating in, both related to transportation management: TMS 4 SMB: A Case Study with Carhartt. Many products are within the category of optimizers for supply chain needs. in Series A to Bring Real-Time Visibility to the Supply Chain via APIs.

This Week in Logistics News (January 19-23, 2015)

Talking Logistics

In other news… Elemica Awarded 2nd Patent on Supply Chain Operating Network. Ryder First in Supply Chain Industry to be Awarded SAFETY Act Certification from U.S. As I’ve said in the past, I believe many companies will find opportunities for supply chain innovation at the intersection of Software, B2B Connectivity, and Social Networking. Department of Homeland Security (DHS) for its global supply chain security program.

Letter from the CEO: Coronavirus Market Update

Transplace

40’ containers: Due to the lack of imports, this equipment is in limited supply across the country. The supply of 40’ equipment across the U.S. Packaging and CPG supply chains appear to be oversold in many places and transportation demand is strong from those sectors. Retail supply chains are slowing as customers are staying home in many areas of the country which will affect the global supply chain to an extent.

Can Supply Chain Financing benefit from Cargo Monitoring?

Global Trade Management

You know the buyer, you trust him because you immediately get the money and there is not much risk involved. Each party tries to reduce its risk. Banks address this dilemma with supply chain/trade-financing, a financial service that has been invented already several hundred years ago. Besides the traditional company financing through banks, some banks are willing to finance your supply chain.

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6 Emerging Trends In Supply Chain and A Deeper Look into Driverless Vehicles

Cerasis

Editor's Note: Today's blog is from our friend Kevin Hill with Quality Scales Unlimited who shares his expertise regarding the key trends in supply chain and transportation management. . Supply chains, both international and domestic, are under constant pressure to reduce their costs and enhance performance at the same time. It is a challenge that is giving supply chain executives headaches and all the while squeezing their profit margins.

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Letter from the CEO: Market Update April 23, 2020

Transplace

We continue see the COVID-19 crisis impacting business processes, consumer habits, and the worldwide economy resulting in continued disruption on most of the global supply chain. Facilities for drivers are being cleaned regularly to minimize risk. Port of Virginia’s cargo volumes are down ~ 9% YoY. We are continuously evaluating market risk, capacity, and opportunity across the network and by origin, mode, and/or lane type.

This Week in Logistics News (January 4-8, 2016)

Talking Logistics

In the meantime, here’s the supply chain and logistics news that caught my attention this week: EU Approves FedEx Acquisition of TNT Express ( WSJ – sub. INTTRA Collaborates with JDA Software for Streamlined Transportation Management. LoJack SCI and TransVoyant Partner to Deliver Supply Chain Risk Alerting. Transervice Announces Launch of Tech-Based Freight Management Company.

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New Lithium-Ion Battery Shipping Regulations Can Impact Electronics Supply Chains (Part 1)

Resilinc

This is part 1 of a 2-part blog addressing the International Civil Aviation Organization's (ICAO) recently enacted ban on the shipment of lithium-ion batteries as cargo consignments on passenger planes and the associated supply chain risks of such provisions. In part 1, we look at the lithium-ion battery supply chain in context and examine the ban stipulations. supply chain visibility supply chain resiliency supply chain risk management logistics

Letter from the CEO: Market Update May 21, 2020

Transplace

40’ Containers: The supply of equipment did improve in the second half of April and for the most part that has been sustained into May. The only market that stands out with a concern on supply is Kansas City. Based on spot market data from the Transcore / Link Logistics database, rates within Canada have softened since mid-March between 4 and 14% depending on the lane / market. Letter from the CEO: Market Update May 21, 2020. By: Frank McGuigan, CEO, Transplace.

Transparency and integrity for your supply chain

Global Trade Management

Today's supply chains are polynomial and international with a high degree of complexity anda lack of transparency. Avoid such scenarios, by having your supply chain under control. Ideally, the supply chain manager always knows where and in which condition his merchandise is. Tracing of freight – reduce search times Logistics manager often complain high search time for lost goods.

Pandemic Highlights Need for Agile Supply Chains

Enterra Insights

Food sector and supply chain professionals have been rightfully praised for their efforts to ensure essential goods are available to a locked-down population. Truckers, warehouse workers and cargo handlers, all in a vast network, find themselves one endless day after the next getting food, medicine and, yes, toilet paper to customers. ”[1] That gathering storm has highlighted a level of rigidity in historical supply chains. Fostering agile supply chains.

Expect the Unexpected: Planning Supply Chain Contingencies for Unpredictable Events

TMC

Expect the Unexpected: Planning Supply Chain Contingencies for Unpredictable Events.Connect. In previous posts , we’ve explored ways to prepare for supply chain disruptions that are predictable using the rich functionality of modern transportation management system (TMS) technology. Having a team of highly experienced “power-users” as part of a managed services solution provides additional value. Risk Management Resilience Risk Supply Chain

How General Average Could Ruin Your Ocean Cargo Deliveries

CH Robinson Transportfolio

How General Average Could Ruin Your Ocean Cargo Deliveries | Transportfolio. It’s time to assess what’s at stake and think about how you can minimize your risk. Start by building your knowledge of how general average works, how it can impact your shipments if general average is declared, and how marine cargo insurance can help you sleep like a baby at night. General average is a throwback to the days when a crew tossed cargo overboard to lighten the ship in a storm.

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6 Digitization Steps to Overcome Supply Chain Disruptions & Build Resiliency

Turvo

The costs of supply chain disruptions vary based on the severity of the disruption, how quickly companies recover, and numerous other factors. According to Supply & Demand Chain Executive , supply chain disruptions resulted in costs of more than $56 billion in 2015, and five years later, that average is on track to more than double following the coronavirus crisis. They enable continued work in areas with a lower impact from supply chain disruptions.

Supply Chain Case Study: the Executive's Guide

Supply Chain Opz

Professionals in supply chain management use various methods to identify best practices to improve the operations. Analysis of case study is certainly one of the most popular methods for people from business management background. In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented.

Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. Due to the rapid change in global business environment, managers find it difficult to gain the edge over competitors. In this article, we will show you tips from worldwide experts that you can use to streamline your global supply chain operations. delivery reliability”), but is that really “supply chain thinking”?

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24 supply chain experts & business leaders reveal the #1 challenge of supply chain management (and how to solve it)

6 River Systems

The COVID-19 pandemic made it abundantly clear that effective supply chain management is crucial to the success of a business. The pandemic crisis had global ramifications felt throughout the entire supply chain, from raw materials to finished products, and for many companies, building the resiliency needed to weather such storms has become the #1 challenge of supply chain management. There is a lot of complexity in last mile logistics.

Canadian Ports: A Fast Lane for Asia-U.S. Imports?

Talking Logistics

West Coast ports continue , causing importers like Lululemon Athletica to delay store shipments by up to 10 days, other shippers are heading to Canada’s West Coast ports, such as Prince Rupert where cargo traffic headed for the U.S. As I said at the time, when you stand back and think about it from a supply chain risk management perspective, being in a situation where just 800 clerks can shut down the main entry point for about 40 percent of U.S.

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Weather-Proof Your Supply Chain with a TMS

TMC

This week, Winter Storm Stella pummeled the Northeast United States with three to five feet of snow in some areas, and delivered a sharp reminder of the ways weather hazards can impact supply chains. Proactive planning that is supported by a technology management system (TMS) provides the logistics options you need to minimize the hazards of a testing winter season. Deploy dock management tools. Risk Management TMS Technology Transportation Management Weather

Weather-Proof Your Supply Chain with a TMS

TMC

This week, Winter Storm Stella pummeled the Northeast United States with three to five feet of snow in some areas, and delivered a sharp reminder of the ways weather hazards can impact supply chains. Proactive planning that is supported by a technology management system (TMS) provides the logistics options you need to minimize the hazards of a testing winter season. Deploy dock management tools. Risk Management TMS Technology Transportation Management Weather

Some Supply Chain Management Principles are Timeless

Enterra Insights

Today, there is a lot of talk about supply chain transformation and the emerging technologies driving that transformation. We need to remember there are some traditional supply chain principles that still apply — even in the Digital Age. Seven timeless supply chain principles. Supply and demand governs the marketplace. Rich Weissman reminds us that the first timeless principle is: Supply and demand still rule supply chains.[1]

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Blockchain and Supply Chain are Becoming Inextricably Tied

Enterra Insights

Increasingly, however, articles about blockchain technology focus on how it can help improve supply chain operations. Today’s supply chains are mindbogglingly complex and blockchain has the potential to address some of that complexity. David Higgins, EMEA Technical Director at CyberArk, explains, “It only takes a quick Google search of ‘supply chain diagrams’ to see how complicated the modern day supply chain has become.

Top Logistics & Supply Chain Blogs We Followed in 2018 & Suggest You Follow in 2019

Shipchain

Blockchain technology is a major disruptor in the supply chain. It stands to change the game as we know it by giving companies a better way to ensure traceability throughout vast supply chain networks. In order to properly disrupt the supply chain of today, you need to know everything there is to know about it. At ShipChain, we make it a priority to stay up to date on all of the latest and greatest in supply chain innovation. Food Logistics.

4 Tips to Ensure the Upcoming Eclipse Doesn’t Leave Your Supply Chain in the Dark

TMC

From hurricanes to cyber-attacks, supply chain managers have to anticipate and manage the impacts of unplanned disruptions. While most disruptions occur without warning, sometimes shippers and logistics providers do have an opportunity to see one coming and plan accordingly. The situation also highlights the importance of contingency planning, visibility , and connectivity throughout your supply chain. Deploy dock management tools.

Bringing Augmented Reality to Supply Chain

Elementum

The possibilities for AR may be endless, but how can this groundbreaking technology supplement and ultimately, improve the existing modern supply chain? The increase in product development coupled with lowered prices in the future can make AR technologies a huge asset not only for specific industries, but for supply chain management as well. After all, new technologies impact almost every industry, and logistics is no exception.

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