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The Dangers of Single Sourcing in Your Supply Chain

Resilinc

Avoid the pitfalls of single sourcing and learn strategies to build a more resilient supply chain. Yet, within the pursuit of efficiency lies a lurking peril: single sourcing. The pandemic was a wake-up call to the dangers of single sourcing. What is single sourcing and sole sourcing?

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What are the best Supply Chain Strategies for 2021

ivalua

When it comes to factors like access to labor, it becomes an improbable task to reproduce a labor market the size of say China or India. For example, China and the United States are ranked 1 and 2 respectively for the production of rare earth elements, but this is deceiving as China is producing 5 times the amount of the United States.

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5 Models of AI for Supply Chain Risk Management—And Why They Matter

Resilinc

Real Use Case for AI Regression Models in Supply Chain Risk Management Let’s take, for example, a typhoon hitting the coast of China and see how our engine can help. This allows companies to see what is in demand, source alternative materials, and negotiate new contracts with suppliers at opportunistic price points.

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Panama Canal Drought: Lower Water Levels, Higher Supply Chain Risk

Resilinc

The main countries affected by the drought are China, Japan, South Korea, and the US, as the Panama Canal facilitates 46% of container movement from northeastern Asia to the US. The current situation in the Panama Canal has already caused China-US spot shipping prices to rise by as much as 36%. Schedule a demo today.

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Unlock a Lean and Resilient Supply Chain: The Value of Predictive Planning Systems

Vanguard Software

Three keys to a lean and resilient supply chain: Diversification : Historically, lean supply chains have sourced from one or a few geographies to lower costs. One of the most critical lessons learned has been diversifying the countries from which a product is sourced. Vanguard Predictive Planning. Download Brochure.

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The Modern Risk Landscape Needs a Strong Supply Chain Risk Management Framework

Exiger Perspectives

Examples include the US-China conflict , increased global competition for cutting-edge technology, political disruption and the rise of mercenaries leading cyberattacks between states. Connect with Exiger and get a free demo. All of this points to a need for a stronger supply chain risk management program.

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How to Identify UBOs in Your Supply Chain

Exiger Perspectives

Why It’s Important to Identify a Company’s UBO Image Source It is essential for companies to identify the ultimate beneficial ownership of their suppliers because these UBOs may be subject to any number of global restrictions, including OFAC sanctions, which prohibit certain types of activity and transactions. Request a demo today.