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Baltimore Bridge Collapse: An Opportunity to Reinforce the Importance of Supply Chain Resilience

Logistics Viewpoints

For example, a robust supply chain may have backup power generators, firewalls, security systems, and emergency plans to prevent or mitigate the effects of disruptions. For example, an agile supply chain may have real-time data, advanced analytics, decision support tools, and cross-functional teams to monitor, diagnose, and solve problems.

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Using Digital Supply Chain Planning to Respond to Market-Changing Disruptions like COVID-19

ToolsGroup

Examples of this include expediting with LTL and air freight and costly in-network transfers from warehouse to warehouse–all of which erode profit margins. Being able to understand if supply expected from Europe needs to be re-routed and sourced from Asia or South America is important when entire channels become unavailable.

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Securing aerospace and defense-critical supply chains

Resilinc

While the DOD doesn’t specifically mention America’s hemispheric neighbors, some policymakers agree with Resilinc CEO, Bindiya Vakil, and her co-authors Tom Linton and Dale Rogers who advocate for the U.S. A vivid example: drones. Most importantly, they make such supply-chain operations more costly.

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Reflections on Hard Hats and Safety Shoes…

Supply Chain Shaman

Let me give you an example. When the added costs of transportation and inventory working capital impacts are added, there is a solid logic to bringing manufacturing back to North America. Mexico has become more attractive, and many companies are looking at alternative sourcing in Latin and South America.

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Is Soy the Next Palm Oil?

EHS Sustainability Knowledge at Work

But the fact that the area cultivated for soy production in Brazil grew 25 times between 1961 and 2016, for example, is having a big impact. As such, the Chinese soy industry, under the Sustainable Soy Trade Platform , is developing China Responsible Soy Sourcing Guidelines. Deregulation poses its own threats over the short term.

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

Material Handling & Logistics

In the past year alone wildfires have ravaged California, multiple hurricanes have hit South America, and Indonesia has been rocked by a deadly earthquake and tsunami that caused thousands of fatalities. For example, the catastrophic Tohoku earthquake and tsunami a few years ago resulted in a massive US$210 billion in costs for Japan.

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Global Manufacturing Activity Levels Stabilize in February

Supply Chain Matters

In contrast, performance levels related to North America , Europe and South America were noted as remaining weak, on average, compared to Asia. Report authors however, qualified that the domestic market demand was the prime source of activity growth. for February compared to January’s value of 47.4.