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Supply Chain Risk Management is a Cirque Du Soleil Calibre Act!

Supply Chain Game Changer

In thinking about the show and its construct I thought about the incredible amount of risk that the performers and producers are managing. These world class performers have astonishing talent but they are also working in an environment designed to eliminate risk and maximize safety. Supply Chain Professionals, although not usually theatrical, also work in an environment in which they are managing a tremendous amount of risk. Supply Chain Risk Management.

Risk Management: Is 2018 the Year of Living Dangerously?

Enterra Insights

It has also always had issues: supply chain complexity; global competition; information collection challenges; and greater risk from global events including natural disasters, port closures and anti-global sentiment. ” Taken as a whole, the issues raised by Monahan and Gott are enough to keep any risk manager awake through the night. ”[2] Those risks are: 1. As we step into 2018, enterprises must realize the risks associated with their IoT ecosystem.”

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

CH Robinson Transportfolio

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 risk of delays and lost cargo are real. What risk does your cargo face?

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. Speakers: Sharon Perry, Vice President of Logistics, Carhartt; Gregg Lanyard, Director, Product Management, Manhattan Associates; Adrian Gonzalez, President, Adelante SCM.

Freight Data Trends for 2019 and How a TMS Will Grow in Value

Cerasis

The application of data can help shippers gain control of shipping costs and make informed decisions, and the top freight data trends for 2019 exemplify how the use of a transportation management system (TMS) can further this cause. Shippers need to consider how the freight data trends will affect dropshipping, omnichannel shipping, reporting capabilities, and much more. As omnichannel shopping becomes the standard for consumers, the use of freight data will excel.

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Supply Chain Scams and Fraud!

Supply Chain Game Changer

3 Most Common Freight Forwarding Scams (and How to Avoid Them)! One of our most popular articles is Freight Forwarding scams. Finance Freight and Logistics Inventory Management Procurement Risk Management Supply Chain Management

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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. Note: GT Nexus and JDA Software are Talking Logistics sponsors.

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The State of Uncertainty in the Freight Market!

Supply Chain Game Changer

Freight market article and permission to publish here provided by Kevin Jessop at cerasis.com. Meanwhile, the global air cargo volume has dropped significantly, explains Greg Knowler, JOC Senior Editor , “up to 5,000 tons of cargo in air freight from China to the U.S. The impacts are not just limited to air freight market changes. Some deals Jacobs had been discussing eventually went through, with XPO buying Kuehne + Nagel’s non-core logistics assets in the U.K.,

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This Week in Logistics News (November 11-15, 2013)

Talking Logistics

Freight Shipments Rose 0.8% University of Maryland Selects Resilinc as Supply Chain Risk Partner. According to Jeff Starecheski, Vice President Logistics Services at Sears Holdings, “Customer service is of paramount importance to Sears Holdings, our members and customers. Note: Descartes is a Talking Logistics sponsor. Tweet The post This Week in Logistics News (November 11-15, 2013) appeared first on Talking Logistics with Adrian Gonzalez.

Wanted: Supply Chain Architects!

Supply Chain Shaman

When I moved into industry, and the real world, I managed engineering teams. Each project would usually have a cool name, and management exposure. I relished the sound of a manufacturing line when I opened the door of the factory in the morning, and I liked managing inputs so that we could maximize outputs. Manufacturing is the foundation of my interest in supply chain management. I knew nothing about the world of logistics, inventory management and order optimization.

Experts Choice Of Top Online Logistics Resources

Freightos

The Experts’ Choice of the Top Online Logistics Resources. So I went straight to the source and asked consultants, trade reporters, Wall Street Journal reporters and others, what their go-to logistics and supply chain sources were. Experts’ Choice: Supply Chain and Logistics Email Newsletters. This is the experts’ selection – but if we had to choose just one, our go-to read is the fast-rising WSJ Daily Logistics Report. Ti Logistics Briefing.

Don’t Wait for Dwell Time to Delay Your Freight

TMC

Rising container volumes, fluctuations in demand, and the constant need for just in time inventory have increased the impact of dwell time over recent years. Here are three ways that shippers and beneficial cargo owners can mitigate the risk of excessive dwell time in any port. Real-time, or near real-time connectivity to key logistics partners in the extended supply chain helps to prevent delays that can inflate dwell time. Review global trade management processes.

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Don’t Wait for Dwell Time to Delay Your Freight

TMC

Rising container volumes, fluctuations in demand, and the constant need for just in time inventory have increased the impact of dwell time over recent years. Here are three ways that shippers and beneficial cargo owners can mitigate the risk of excessive dwell time in any port. Real-time, or near real-time connectivity to key logistics partners in the extended supply chain helps to prevent delays that can inflate dwell time. Review global trade management processes.

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Supply Chain and Logistics Predictions for 2016

Talking Logistics

Google did not acquire a third-party logistics (3PL) company or a logistics software vendor. Making supply chain and logistics predictions is like throwing darts at a moving target. How will transportation, inventory, and sourcing policy decisions change in light of this cheap oil environment? Like oil prices, interest rates impact supply chain policies and decisions, especially with regards to inventory. The Case for Competing on Logistics Talent.

Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Inventory Turnover Breakthrough … Go Back To The Basics! 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. Environmental Risks. Subscribe Here!

New 3PL Study: The State of Logistics Outsourcing

Supply Chain Movement

In the 2015 19th Annual Third Party Logistics Study, survey results showed the continuing, positive overall nature of shipper-3PL relationships. Both parties view themselves as being successful, and shippers are seeing positive results again this year: an average logistics cost reduction of 9% an average inventory cost reduction of 5% and an average fixed logistics cost reduction of 15%. Strategic Workforce Management Throughout the Supply Chain.

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Logistics, Data, and Cognitive Computing

Enterra Insights

Logistics have always been data driven. Historically, logistics data can be found on cuneiform tablets, pieces of parchment, and paper. Blockchain will certainly help logistics operations in a number of ways; but, digital data already available can also help. These can include freight costs that are too high, transit times that are too long or not charging enough for freight.”[1] Complexity adds another layer of difficulty to the logistics picture.

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Coronavirus COVID-19 Supply Chain Update

Transplace

With the estimated average ocean freight of $1000 per TEU, ocean carrier revenue loss adds up to $1.9b. to Asia export bookings, especially in markets with low container inventory. Transplace has implemented a risk management plan which first and foremost addresses the safety of our employees and customers, but at this time are not anticipating disruption in day to day operational activities. Coronavirus COVID-19 Supply Chain Update.

Letter from the CEO: Coronavirus Market Update

Transplace

Spot market rates are increasing for freight going from Mexico to the California, Washington, and Oregon areas. to Asia export bookings especially in markets with low container inventory. The global air freight market for Asia, Europe and North America is impacted by the dramatic decline in commercial passenger flight volume creating capacity shortages and volatile spot market pricing without transit time commitments. Letter from the CEO: Coronavirus Market Update.

This Week in Logistics News (June 24-28, 2013)

Talking Logistics

ATA Releases Latest Freight Forecast, Projecting Strong Trucking Growth. Menlo Worldwide Logistics and Temasek Polytechnic Establish Scholarship Programme, Announce 2013 Winners. Retailers and small and midsize businesses (SMBs) – the two market segments supply chain and logistics software vendors are hyper-focused on these days. According to the forecast, overall freight revenue will grow by 63.6

5 ways TMS transforms Logistics Managers' jobs

Abivin

That’s where the need for Transportation Management System (TMS) comes into play. A survey featured in Logistics Management shows that just 35% of shippers are using TMS in their supply chain. Logistics managers need to realize that adding TMS instead of headcount can be the right way to grow their business. By automating manual processes, you can have time to focus on other important tasks like strategic planning, management.

Expect the Unexpected: Planning Supply Chain Contingencies for Unpredictable Events

TMC

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. When these events happen, shippers are forced to execute emergency contingency plans and decisions, or manage as best they can if they don’t have a plan or have opted for a wait-and-see strategy. In today’s uncertain world, supply chains are more sensitive than ever to unplanned risks.

Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

I will be wrong again,” I stated last year before making my supply chain and logistics predictions for 2017 , and I was right. But I was right with some of my other predictions, especially my prediction that we would see a rise in cyber attacks in 2017, with supply chain and logistics operations becoming new targets. UPS Joins Top Alliance To Create Blockchain Standards For Logistics. The Big (Crappy) Data Problem in Supply Chain Management. Source: Evan, Flikr. “I

Guest Post: Ignoring this Performance Metric is Risky

TMC

Globe-spanning supply chains are now exposed to a wider array of risks than ever before, elevating the importance of detection time as a measure of performance. As I explain in my book, The Power of Resilience: How the Best Companies Manage the Unexpected (MIT Press, October 2015), companies can improve their disruption detection capabilities in a number of ways. Managing adverse weather conditions is part and parcel of transportation planning.

10 Vital Supply Chain Lessons from the Coronavirus Pandemic!

Supply Chain Game Changer

TCO models can include variables such as unit price, Accounts Payable terms, cost of quality, lead times, technological value, logistics costs, management costs and more. Sourcing in alternate locations will help to reduce risk by virtue of creating redundancy and natural contingencies. Mission Critical and Strategic Inventory Positioning. While these paradigms will continue to be important once we get past this pandemic, it is time to consider inventory positioning.

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Three supply chain lessons for businesses coping with COVID-19

CH Robinson Transportfolio

As governments and healthcare agencies around the world work to stop the spread of the coronavirus, importers and exporters across 164 countries are struggling to manage the pandemic’s growing impact on their supply chains. Despite past lessons from 2003’s SARS outbreak and 2011’s Fukushima tsunami about the hidden weaknesses in their supply chains, companies are challenged to manage logistics concerns stemming from sourcing strategies and risk management.

The 11 Transportation Service Offerings

The Logistics of Logistics

Last summer, Inbound Logistics published a list of different 3PLs and their services. Air cargo or air transport is a vital component of many international logistics networks. Air transport involves integration of information, transportation, inventory, warehousing, material handling, and packaging. They form a common means of commercial intermodal freight transport. Other function may include: project management, inspection and delivery.

Surviving Disruptions – an opportunity for supply chains to thrive with people and technology – LogiSYM July 2020

The Logistics & Supply Chain Management Society

Managing supply chain and logistics has never been more significant and challenging since the outbreak of COVID-19 that created a new norm with high uncertainty and enforced an inevitable shift”. Logistics and supply chain management is a rapidly evolving field.

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Transforming the GCC Chemical Industry with Supply Chain Integration – LogiSYM September 2020

The Logistics & Supply Chain Management Society

Focussing on lowering logistics costs by coordinating time charters or invest in joint shipping lines to capture ship-owner returns. Realising operational and cost efficiencies will reduced lead times, improved forecast accuracy and increased inventory turnover. Risk management: Risks are inevitable in complex supply chain networks. Working closely with partners can help mitigate some risk and avoid disruptions / obstacles to logistics.

What Supply Chain Risks Must Supply Chain Execs Keep Top of Mind?

Cerasis

Risk permeates supply chains. The best-laid plans to avoid as many risks as possible often fall on deaf ears in supply chain management, but supply chain executives who take the time to understand the greatest threats can successfully position their companies to overcome such risks. While there are thousands of possible supply chain risks in various supply chains, supply chain execs should keep these risks top of mind.

Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

Control tower technology : Control Towers will be prevalent as Supply Chain leaders are able to see, & manage how their entire Supply Chain is functioning from one digital command centre. Case Study Risk management: The All England Club.

Insights from Ryder Innovate 2014

Talking Logistics

I have long argued that third party logistics providers (3PLs) should set themselves apart from the competition by fully harnessing the power and value of their customer and employee communities. Jason Mathers, Senior Manager, Environmental Defense Fund. Sustainability and Green Initiatives in Transportation and Logistics. Source: “Sustainability and Green Initiatives in Transportation & Logistics,” Jason Mathers, EDF, Ryder Innovate 2014.

3PL Basics: The 11 Transportation Services with Jeremy Thone

The Logistics of Logistics

Joe Lynch and Jeremy Thone discuss the 3PL basics: the 11 transportation services provided by 3rd party logistics providers. Jeremy Thone is the Marketing Director at 3PL Systems, which is a transportation management system software company based in Signal Hill, California.

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9 Steps to Establish the Lean Supply Chain: A System of Interconnected & Interdependent Partners

Cerasis

Top management knows that lean can add value , but many still haven’t moved past the initial education stage into full-scale lean supply chain implementation. o Space—holding places for unnecessary inventory. o Inventory—inactive raw, work-in-process, or finished goods. To drive further value, look for technology providers in the logistics and supply chain space who can integrate these systems together. Risk Management.

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Food Shipping: Tips & Best Practices to Reach Goals

MercuryGate

Poor execution of fresh food shipping will contribute to be a higher risk for foodborne illness, lead to problems in managing inventory, and upset customers. Ongoing route optimization and collaboration are critical to effective food logistics, but these are downright impossible without the right technology and strategy. Effective risk management must be your top goal. […]. Freight Blog Posts