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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.

Supply Chain Risk Management Highlighted by a Tiny Computer Chip

Enterra Insights

Multiple people familiar with the matter say investigators found that the chips had been inserted at factories run by manufacturing subcontractors in China.” ” Aside from national security implications, the main lesson to be learned here is how vulnerable companies are to risks associated with their supply chains. Smith insists, “The business case for supply chain risk management investment needs to be made convincingly and robustly to justify investment.”

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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.”

Supply Chain Risk Blog Series#1: Why Supply Chain Risk Management Should be a High Priority

BluJay Solutions

Managing the inherent risk in a supply chain has always been critical for businesses, but has become ever more so as supply chains have extended globally. With so many companies today deriving and delivering so much of their business across a larger geographical expanse, the inherent risk factor has increased exponentially in the last decade or two.

This Week in Logistics News (June 23-27, 2014)

Talking Logistics

In other news… Supply Chain Risk Management Now a Priority for Most Businesses ( Accenture ). April 2014 North American Freight Numbers. Several reports have been published in recent years underscoring the growing importance of supply chain risk management. This includes investments in “technology and/or organization that provides visibility within and/or across the Supply Chain that highlights trends and potential risks.”.

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

Talking Logistics

LLamasoft and CHAINalytics Partner to Provide Integrated Access to Freight Market Intelligence. Teamsters lose another vote at FedEx Freight facility (Reuters). ” Companies have historically overlooked B2B Connectivity when evaluating supply chain software solutions, such as transportation management systems. I’ve stated my opinion many times before: I believe companies, especially manufacturers and retailers, should get out of the B2B Connectivity business.

The Top 2019 Logistics Trends Shippers Should Know

Cerasis

The state of the logistics industry is evolving. Technology allows shippers to work smarter, faster and with fewer human resources, and new technologies, such as drones and augmented reality, are continuing the process, reports Victoria Kickham of Logistics Brief. Unfortunately, companies that fail to stay in line with the top 2019 logistics trends could face uncertainty and lost competitive advantage, so let’s look at some of the top trends shippers should know to stay successful.

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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. Let me start with a true confession: I am a manufacturing gal. 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.

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

Talking Logistics

With Black Friday on the horizon, consumer goods of all kinds are making their way from manufacturers to distribution centers and retail locations across the country. 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. Remember that freight at rest is freight at risk. The more time freight spends sitting unattended, the likelier the chances are for truckload theft.

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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.

Enabling Supply Chain Flexibility: Two Important (But Often Overlooked) Factors

Talking Logistics

In light of these risks, developing a flexible supply chain is the best strategy for success, but what does that mean exactly and how can companies get there? That was the central question Matt Castle, Director of Air Freight Services at C.H. Robinson , and I addressed in a recent episode of Talking Logistics. The post Enabling Supply Chain Flexibility: Two Important (But Often Overlooked) Factors appeared first on Talking Logistics with Adrian Gonzalez.

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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. Terrorism : The recent terrorist attacks in Paris and San Bernardino, coupled with the ongoing instability in Syria and Iraq and the spread of ISIS, have raised the risk for terrorism-related supply chain disruptions in 2016. The Case for Competing on Logistics Talent.

Bringing It All Back Home – OTR TMS Supports Reversion to Regional Manufacturing

Supply Chain Collaborator

Will the trend toward a return to “regional manufacturing” boost volumes in over the road transportation in North America as manufacturers move away from Asian overseas operations? American manufacturers are adapting to significant modulation in the nature of their supply chains as market forces and current global events promote operating “closer to home”. Transportation logistics software solutions play a key role in effectuating this change.

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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[e-Book] The Most Impactful Supply Chain & Logistics Trends in 2017

Cerasis

“The problem with trends is that they are like a freight train gaining speed; everyone can see the train, but at what point do you say the train is really moving at speed?” – Steve Banker from a recent Forbes article. This is quite the appropriate quote from Supply Chain thought leader, Steve Banker, the Service Director, Supply Chain Management at ARC Advisory Group, a leading industry analyst and technology consulting company. e-Books Logistics Supply Chain

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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. Carmakers and electronic manufacturers in South Korea and Japan are reporting production line shutdowns. 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. Carmakers and electronic manufacturers in South Korea and Japan are reporting production line shutdowns. 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: Market Update April 23, 2020

Transplace

Facilities for drivers are being cleaned regularly to minimize risk. The automotive industry continues with many manufacturers closed. As soon as the manufacturers start ramping up, capacity for exports could be absorbed creating capacity issues for other industries. This past week, some states announced a mandatory shut down of manufacturing plants in Mexico until April 30. Transpacific Eastbound ocean freight spot market remains relatively stable to both U.S.

This Week in Logistics News (July 28 – August 1, 2014)

Talking Logistics

In this week’s news… XPO Logistics to Acquire New Breed Logistics. Dun & Bradstreet Launches Supplier Risk Manager™ 2.0. XPO Logistics continues its roll-up strategy with its announced acquisition of New Breed Logistics this week for $615 million. New Breed’s growth is being driven by its focus on attractive customer verticals, namely technology, telecom, e-commerce, aerospace and defense, medical equipment and manufacturing. .

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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Letter from the CEO: Market Update May 21, 2020

Transplace

We are continuing to see heavy freight solicitation from our carrier base. Most dry van carriers saw a decline in activity but were able to mitigate much of the cost implications by furloughing drivers, freight handlers (dockman), and back-office staff. 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. The air freight market is still extremely volatile.

This Week in Logistics News (January 14-18, 2019)

Talking Logistics

Will blockchain have the same fate as RFID in supply chain management? As reported by The Loadstar this week, “Blockchain logistics start-up OpenPort has notified shareholders it is out of funds and intends to proceed with liquidation.” In the meantime, here’s the rest of this week’s supply chain and logistics news that caught my attention: U.S. general manager, said in an interview. Meaning, will its hype far exceed what it will ever accomplish in the industry?

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Supply Chain Movement Q4: Cross-border

Supply Chain Movement

Her vision clearly extends beyond logistics alone. 24 | Manufacturing and distribution shift to Eastern Europe. Despite the economic malaise in Western Europe, multinationals are investing heavily in manufacturing and distribution in the eastern part of the continent. The Balkans are also an emerging manufacturing region for Europe. 34 | Mindmap Global Trade Management. Theme: Cross-border. 6 | News & Background. 8 | Profile Allison Thomas, PepsiCo.

This Week in Logistics News (October 27-31, 2014)

Talking Logistics

Moving on to this week’s supply chain and logistics news… JDA Software Unveils New Brand Identity, Logo, and “Plan to Deliver” Tagline. Nulogy & GENCO Announce Production Command Center for Manufacturing & Packaging Suppliers. Port Logistics Group Adds to Omni-channel Capabilities with EventPick. CIMC and Globe Tracker Collaborate to Accelerate Global Adoption of Supply Chain Tracking, Monitoring and Asset Management Services and Equipment.

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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

China was locking down hundreds of millions of people and closing manufacturing facilities. As China is the largest manufacturing country in the world the economic repercussions were really starting to be felt. And with less manufacturing output there were fewer container ships leaving Asia full of goods meaning activity in ports in North America and Europe would slow down rather quickly. Automotive manufacturers are looking to manufacture ventilators.

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[INFOGRAPHIC] Industry 4.0: Powered by the Internet of Things & Digital Manufacturing

Cerasis

At Cerasis, a core value of ours is continuous improvement for not only our company, our clients, and employees, but through our blog and content to those who are related to what we do (transportation management) in the fields of manufacturing, supply chain, logistics, distribution, and transportation. Gone are the days of tactical moves with freight. Freight shippers are now more efficient thanks to technology, such as transportation management systems.

Preparing Your Business for the Digital Supply Chain

Oracle SCM

As digital transformation confronts supply chain leaders , we caught up with Mike Mortson of Supply Chain Game Changer to discuss the current state of the supply chain technology landscape—including how the easiest path forward, in many cases, may involve embracing a supply chain-as-a-service model to benefit from cutting-edge technologies and first-rate digital supply chain management skill sets. By Mike Mortson , CEO, Supply Chain Game Changer.

Solving Problems or Making Opportunities? (Thoughts on the New UPS Ad Campaign)

Talking Logistics

Almost five years ago, UPS introduced the general public to logistics when it launched its “ We [Heart] Logistics ” ad campaign, which helped raise public awareness about the logistics industry — and helped my family and friends better understand what I do for a living. It’s a goal shared by most third-party logistics providers (3PLs): getting customers to think of them from a broader, more strategic perspective.

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

The Logistics & Supply Chain Management Society

The GCC chemical industry is second largest manufacturing industry in value add, after refining. Overcoming these challenges, regional chemical manufacturers and suppliers are now forced to rethink and readjust their global supply chain model. Focussing on lowering logistics costs by coordinating time charters or invest in joint shipping lines to capture ship-owner returns. Risk management: Risks are inevitable in complex supply chain networks.

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.

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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Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

As the world for non-essential workers moved to on-line meetings, conference calls, and uncertainty, essential workers redefined the workplace to mitigate risk. Today, we find ourselves in the middle of a risk management case study. News coverage showcases the differences between logistics and supply chain management. Let’s learn and apply it to supply chain management. Figure 1 shows a market-by-market planning model by a sinus drug manufacturer.

Supply Chain Visibility in a Time of Crisis: What the 2020 Visibility Report Tells Us

BlueYonder

The report highlights the gaps between available technical capabilities and their adoption in the areas of visibility, risk management and disruptive technologies, among other issues, as symptomatic of why we are not where we should be with preparedness and response. The lack of collaboration persists, even though 83% of retailers and manufacturers indicated sharing data would improve visibility and planning. Risk Management.