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. Without an adequate supply, the supply chain shuts down.

How to Best Prepare for Current (and Upcoming) Supply Chain Disruptions

CH Robinson Transportfolio

Supply chain planning is no different when it comes to yielding efficient results, especially this year. And with passenger travel not expected to recover until 2024 , proactive solutions are needed to avoid current and upcoming disruptions.

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Sourcing – What You Need To Know About Coronavirus Supply Chain Disruption

Gravity Supply Chain

Sourcing: Mitigate risk during periods of supply chain disruption, such as those caused by the Coronavirus outbreak, by using digital technology. . The post Sourcing – What You Need To Know About Coronavirus Supply Chain Disruption appeared first on Gravity Supply Chain.

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.

Coronavirus COVID-19 Supply Chain Update

Transplace

Coronavirus COVID-19 Supply Chain Update. With the global spread of the coronavirus (COVID-19), vulnerabilities in supply chains continue to be exposed. As the first tier in many company supply chains, the disruption in China has sent ripples through the worldwide economy. Ocean Cargo Updates. Cargo flows and ship calls are rebounding in China as the situation normalizes.

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. Container lines are extremely concerned about potential disruption to vessel operations due to congestion and bottleneck at India ports as import containers are not moving for unloading. Port of Virginia’s cargo volumes are down ~ 9% YoY.

Supply Chain Best Practices: Preparing for the Worst

Elementum

Supply chain disruptions are inevitable, whether resulting from natural disasters, technical failures, worker strikes, or other unforeseen incidents. And as supply chains have become increasingly diffuse over time, the likelihood that disruption in one region will have consequences that reverberate across the globe, is higher than ever before. What can supply chain managers do to ensure that action is taken quickly and efficiently when disruption strikes?

The Cost of Disaster

Elementum

Hurricane Maria, which knocked out all power supply for 3.4 For instance, Hurricane Harvey impacted nearly 10 percent of the trucking industry for two weeks and prompted several ports and businesses in the region to shut down, consequently forcing the mass rerouting of cargo to places as far as the Bahamas and Mexico. Natural disasters can disrupt an organization's production network, propagating direct and indirect costs to a nation’s economy in the process.

Economic cost of supply chain disruptions on the increase. Is the logistics industry doing all it can to mitigate disruption?

BluJay Solutions

Like many other logistics industry professionals, I wasn’t surprised to read this week’s headline figures from the 2012 16th Annual Third-Party Logistics Study (published by Capgemini Consulting, in cooperation with Penn State University, Korn/Ferry International, and Panalpina), which reported a 465 per cent increase in economic losses arising from supply chain disruptions from 2009 to 2011. The post Economic cost of supply chain disruptions on the increase.

Smart Supply Chains Adapt to Overcome COVID-19 Challenges

Logistics Bureau

Almost 75 percent of US companies are experiencing capacity shortfalls in their supply chains, due to Coronavirus-linked transport disruptions , a new study has shown. With some 5 million companies impacted by China’s supply chain woes, the picture is similar in other parts of the world. A study of the tactics employed by companies falling into category 2 may provide lessons in shrewd supply chain management that we could all learn from.

Supply Chain Best Practices: Preparing for the Worst

Elementum

Supply chain disruptions are inevitable, whether resulting from natural disasters, technical failures, worker strikes, or other unforeseen incidents. And as supply chains have become increasingly diffuse over time, the likelihood that disruption in one region will have consequences that reverberate across the globe, is higher than ever before. What can supply chain managers do to ensure that action is taken quickly and efficiently when disruption strikes?

How The Coronavirus Epidemic is Throttling Global Supply Chains

Logistics Bureau

Containers are piling up in ports, international shipping has been hammered, Western companies are battling to source products from traditional suppliers, and disruptions are being experienced throughout the global supply chain. Once China was hit by a Coronavirus epidemic and factories ordered closed, it was inevitable that global supply chains would be affected. General Motors is airlifting supplies to its North American truck production.

Supply Chain Management Success – What You Need To Know But No One Told You

Gravity Supply Chain

How can end-to-end visibility and container tracking prevent supply chain disruptions? Find out in Gravity Supply Chain Solutions’ latest blog post.

Vizion’s Quality Data Enables Smarter Container Tracking

Gravity Supply Chain

Gravity partners with Vizion to help businesses make data-driven decisions, increase shipping reliability, reduce risks, and supply chain disruptions.

What Impact Could Ebola Have on the Global Supply Chain?

BluJay Solutions

and in Spain – grow, it is likely that anti-Ebola precautions will become more widespread, and the global supply chain looks more and more likely to be impacted. Potential measures impacting on the global supply chain as the threat of Ebola continues include: • New restrictions and regulations on goods originating from the region (e.g. It also demonstrates why supply chain visibility is so essential to managing risk that is beyond our control.

Unrest in India and the Impact on Global Supply Chains

CH Robinson Transportfolio

Since the protests began, over 1,000 trains have been cancelled, train stations and cargo trains have been burned, and other public properties have been damaged. The widespread nature of the protests have made it difficult to connect cargo to their designated vessels, and congestion will be experienced at both inland depots and ports for some time, even after the situation is resolved. If you have any questions regarding this disruption, reach out to your C.H.

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Global Cargo Monitoring / Cargo Tracking: Networked Supply.

Global Trade Management

Global Cargo Monitoring / Cargo Tracking. Networked Supply Chains Require Better Visibility. As manufactures and retailers increasingly depend on extended rosters of sourcing companies, the resulting networked supply chain requires improved visibility. • Poor training for handlers throughout the supply chain. A good Supply chain management system can reduces the unwanted expenditure which is present at every stage of company.

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As the US Shutdown Drags On, the Threat to Supply Chains Grows

American Global Logistics

The Loadstar —Initial repercussions for logistics from the US government shutdown have been slight so far, but the prospect of lingering paralysis is raising fears of severe supply chain disruption that may take a long time to mend. Canine screening of air cargo got under way at US airports on January 1 as scheduled, but the […]. The post As the US Shutdown Drags On, the Threat to Supply Chains Grows appeared first on AGL.

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How the Supply Chain Can Thrive in the Face of Natural Disasters

Material Handling and Logistics

As climate change drives up the regularity of natural disasters, supply chains must rely on real time data to thrive. . . . . However, based on the regularity of such disasters over the last 12 months, the world also needs to adapt to the likelihood that further disasters will cause yet more disruption. Supply Chains at Risk. How then can your business protect itself from the risks of such overwhelming supply chain disruptions?

Global Logistics—January 2016

Inbound Logistics

Shippers unprepared for supply chain disruptions; China wants pirate hunting base in Horn of Africa; bringing cargo into Kenya; India ramps up transportation infrastructure development; air cargo carriers seek to cut costs without sacrificing growth; Amazon invests in India; China’s greenest supply chains; international shrimp supply chain linked to human trafficking and slavery; World Trade Organization rules to abolish agricultural subsidies; Mexico and U.S.

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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.

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.

The Coronavirus Is Shattering Traditional Supply Chains

ivalua

But for businesses of just about every type, the disruptive impact of the epidemic was something more ominous: It presented an existential threat to their survival. A March 11 analysis by trading platform Forex.com claimed that nearly 75% of all companies had already reported supply-chain disruptions, with more than 80% believing that at some point they would experience impacts as a result of COVID-19 disruptions. Supply Chain

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. This week, we explore what is, in many ways, a tougher challenge: planning for unexpected disruptions. Risk Management Resilience Risk Supply Chain

The Impact of SOLAS on Ocean Shipping and Data Management

Talking Logistics

The revised Safety of Life at Sea (SOLAS) container weight verification requirement is a significant change in the ocean cargo supply chain. As a result of the quick implementation timeframe, many exporters are concerned that compliance might disrupt trade. In regard to rolling out the regulation in practice, multiple considerations remain depending on the type of cargo and other factors. The Regulation’s Impact on Ocean Shipping and Data Management.

A Coronavirus Supply Chain Success Story: Public-Private Team Effort to Get Logistics Tech to 1st Responders

Savi

As the CEO of a supply chain visibility technology company, I am well aware of the irony of my own firm becoming a victim of supply chain disruption. But as the world deals with the immense and unprecedented impact of the coronavirus, even Savi was not able to avoid supply chain issues. Contingency Planning & Coronavirus: Overcoming Manufacturing Supply Chain Disruption During a Pandemic.

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. While the delays at the U.S.

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Don’t Wait for Dwell Time to Delay Your Freight

TMC

Dwell time—the amount of time a container remains parked in a marine terminal waiting to be picked up after it’s been offloaded from a vessel—is a drag on supply chain efficiency, especially when it becomes excessive. Here are three ways that shippers and beneficial cargo owners can mitigate the risk of excessive dwell time in any port. A transportation management system (TMS) can be used as a communications hub to maintain a high level of supply chain connectivity.

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Don’t Wait for Dwell Time to Delay Your Freight

TMC

Dwell time—the amount of time a container remains parked in a marine terminal waiting to be picked up after it’s been offloaded from a vessel—is a drag on supply chain efficiency, especially when it becomes excessive. Here are three ways that shippers and beneficial cargo owners can mitigate the risk of excessive dwell time in any port. A transportation management system (TMS) can be used as a communications hub to maintain a high level of supply chain connectivity.

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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.

Pharmaceutical Supply Chains Need Supply Chain Visibility Tools

Savi

Pharmaceutical supply chains demand end-to-end visibility The pharmaceutical industry is a huge global business with an intricate supply chain that demands visibility and transparency. Adding to the complexity, partners may own entire segments of the value chain, making effective supply chain management seem almost impossible to achieve. Avoid supply chain disruption As the saying goes, the one constant is change.

Four Risk Mitigation Actions for Weathering a Stormy Market

TMC

Deciding whether to ship cargo via the U.S. East Coast or West Coast, for instance, requires shippers to weigh various factors such as the type of cargo, the required transit time, and the potential cost savings. The 2014-15 West Coast port labor dispute delayed cargo for a protracted period, and the economic cost ran into billions of dollars. Here are four actions that shippers can take to prepare for disruptions emanating from uncertainties like these.

Hanjin, Hurricanes, Harvests May Boost Truckload Rates

DAT Solutions

Hanjin's exit strands 89 ships worldwide containing some $14 billion worth of cargo, much of which was headed to the U.S. We have seen disruption in the U.S. In addition to the profound -- and sometimes tragic -- impact of these storms on local residents, major weather events often cause delays and frustrations for supply chain managers. All of this seasonal freight and supply chain disruption could drive rates out of the 'complacency' zone.

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Don’t Wait for Dwell Time to Delay Your Freight

TMC

Dwell time—the amount of time a container remains parked in a marine terminal waiting to be picked up after it’s been offloaded from a vessel—is a drag on supply chain efficiency, especially when it becomes excessive. As reported recently by Supply Chain Management Review ( SCMR ), the Pacific Merchant Shipping Association (PMA) is analyzing container dwell time at all 12 international container terminals in the San Pedro Bay area.

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Hurricane Harvey Updates

Elementum

Tropical Storm Harvey has forced UPS, FedEx and the United States Postal Service to cease delivery to major swaths of Texas and Louisiana, posing disruptions in the medical, food and packaging industries. This has alerted shipping lines and prompted some to entertain rerouting cargo to New Orleans and Alabama, and even as far away as the Bahamas and Mexico. A company’s ability to rapidly ascertain which part of its supply chain has been seriously impacted is vitally important.