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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.

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Risk Management: Is 2018 the Year of Living Dangerously?

Enterra Insights

Globalism has been a boon to the supply chain by expanding sourcing, opening new markets, accelerating growth and highlighting opportunities to save money. 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. ”[2] Those risks are: 1. Risks to supply-chain processes.

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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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This Week in Logistics News (April 1-5, 2019)

Talking Logistics

Moving on to this week’s supply chain and logistics news… Truckers gridlocked at U.S.-Mexico Robinson (a Talking Logistics sponsor), shared some good advice in a blog post this week. Speaking of supply chain risk management, Transplace (a Talking Logistics sponsor) announced this week a partnership with Riskpulse “to enhance real-time, predictive risk analytics capabilities.” “I’m worst at what I do best.”.

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Guide For Supply Chain Risk Management - How to Identify, Validate, and Assess

EFT

Insurance companies talk about supply chain risk in terms of assets. Others talk about sources for particular products. These diverse interpretations make identify risks more challenging. Surprisingly, many supply chain risk discussions exclude the actual supply chain. They do not recognize logistics infrastructure, logistics service providers, and how products move through supply chains. As a result, they overlook risks. Logistics infrastructure.

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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.

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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 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. Source: bestbusinesscircle.com. Finance Freight and Logistics Inventory Management Procurement Risk Management Supply Chain Management

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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. 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.

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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? In short, the increased threat of terrorism underscores the importance of taking a smarter approach to supply chain risk management , which was one of my predictions for 2014.

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Mitigating Logistics Risk Through Blockchain

Shipchain

Logistics will always contain risks, but the use of blockchain in supply chain management can go a long way in prevention and mitigation. The applications of blockchain in supply chain management are growing, and supply chain leaders now have a unique opportunity to bring end-to-end visibility to the darkest and most secluded parts of their organizations via blockchain. Logistics Risks Lead to Higher Freight Spend.

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Google Will Acquire a 3PL – And Other Supply Chain and Logistics Predictions for 2015

Talking Logistics

Brent crude oil prices Dec 2009 – Dec 2014 (Source MoneyAM.com). I use this example to illustrate the challenges (or, perhaps, the futility) of making supply chain and logistics predictions. Simply put, I admit upfront that my supply chain and logistics predictions below are biased and flawed, but I make them anyway because it’s a fun exercise, and also because I hope it generates some thoughtful conversations and ideas. The Google Robot, Your Future Logistics Worker.

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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. 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. Cast a wider net to source capacity for a “better safe than sorry” approach due to unknown surge volumes.

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This Week in Logistics News (July 13-17, 2015)

Talking Logistics

Now, this week’s supply chain and logistics news, which was dominated by transportation-related items: Are Imports Moving to the East Coast? Cass Freight Index June 2015 Report. Oracle Introduces Oracle Order Management Cloud and Oracle Global Order Promising Cloud, Enabling Order Fulfillment in the Cloud. And here’s a chart they included in the post: Source: [link]. Or is it due to a temporary slowdown in freight movements in the quarter?

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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. Automate the manual process Source It can be very time-consuming to do the repetitive work manually. You can also detect any risk if it appears.

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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.

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Supply Chain Movement Q4: Cross-border

Supply Chain Movement

Her vision clearly extends beyond logistics alone. The growth in intercontinental freight flows into Europe is primarily coming from the Far East, and particularly from China, although these freight flows are increasingly heading for eastern Mediterranean and Baltic Sea ports. In addition to goods becoming lost or damaged and having to be repaired or replaced, a lack of supply chain visibility and transparency also raises the risk of ethical problems.

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Supply Chain Disruptions? Everything’s Clearer with the Right TMS Technology

TMC

We’ve all been there—and it’s every logistics professional’s nightmare. Raw material shortages lead to delays in production, which decreases your lead time and makes your freight more critical than usual. There is suddenly a need to know—in very specific detail—the answers to questions like: Where is my freight? Where are my risks and network vulnerabilities? Enter transportation management system (TMS) technology solutions. Risk Management TMS Technology

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Supply Chain Disruptions? Everything’s Clearer with the Right TMS Technology

TMC

We’ve all been there—and it’s every logistics professional’s nightmare. Raw material shortages lead to delays in production, which decreases your lead time and makes your freight more critical than usual. There is suddenly a need to know—in very specific detail—the answers to questions like: Where is my freight? Where are my risks and network vulnerabilities? Enter transportation management system (TMS) technology solutions. Risk Management TMS Technology

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European Commission Questions Quality of Customs Data Provided by Logistics Services Providers for ICS

BluJay Solutions

In its recent communication on Customs Risk Management and Security of the Supply Chain (8 January 2013), the European Commission raised concerns around the robustness of the current risk management process for goods entering the EU under the Import Control System (ICS). Next Steps: Subscribe to our blog to receive the full blog series via email and stay informed about the latest global logistics news and insight.

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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. For instance, when a disaster such as a hurricane, a labor strike, or a bankruptcy disables key suppliers, quick-moving enterprises are able to lock in alternative sources of supply before their rivals. Managing adverse weather conditions is part and parcel of transportation planning.

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

Talking Logistics

Source: Evan, Flikr. “I 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. SophiaTX Open Source Platform to Integrate SAP, Blockchain.

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10 Vital Supply Chain Lessons from the Coronavirus Pandemic!

Supply Chain Game Changer

A natural starting point is the level of single, or sole sourcing, that is put in place. A sole source is a supplier selected because they are uniquely able to provide the materials or components, whether by virtue of intellectual property or other means of going to market with exclusivity. A single source is a supplier selected as the only supplier, on the basis of varying decision criteria, even though there are other suppliers able to provide those materials.

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A Digital Dispatcher for Trucks

Supply Chain @ MIT

There many sources of uncertainty in truck transportation such as inclement weather, traffic congestion, and loading dock delays. The system helps drivers to minimize the risks by planning routes that allow for the availability of fueling stations as well as a range of other risk factors. In the AUV application the algorithm is being used to manage various risks. The team is now working on using the algorithm to improve the management of freight transportation.

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Transparency and integrity for your supply chain

Global Trade Management

Ideally, the supply chain manager always knows where and in which condition his merchandise is. Tracing of freight – reduce search times Logistics manager often complain high search time for lost goods. With the deployment of the right monitoring technology you have your freight better under control. Clarify liability issues Especially with liability issues the source related documentation is crucial.

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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.

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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. 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. Supporting localisation – To increase resilience, means to decentralise sourcing.

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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.

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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.

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

Supply Chain Collaborator

Transportation logistics software solutions play a key role in effectuating this change. The survey shows that a full third of companies with global supply chains intend to move their sourcing and manufacturing activities out of China in the next few years. Instead, these organizations would be able to move freight over the road, via rail and multimodal carriers. This strategy is not without its risks though.

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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.

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REPOST: Why Chattanooga is the Silicon Valley of Trucking with Craig Fuller

The Logistics of Logistics

Craig Fuller is CEO and Founder of FreightWaves, the only freight-focused organization that delivers a complete and comprehensive view of the freight and logistics market. I’ve noticed that to write about logistics, you have to know logistics.

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This Week in Logistics News (May 22-26, 2017)

Talking Logistics

The Supply Chain and Logistics Hall of Fame. Moving on, here’s the supply chain and logistics news that caught my attention this week: MercuryGate Launches ezVision. Cloud Logistics’ Second Zero Downtime Release of 2017 Marks Continued Rapid Pace of Innovation. Honeywell’s Connected Freight Technology Monitors High-Value And Perishable Goods In Transit, Helping Prevent Damage, Loss And Theft. The NaviShare platform is transportation management system agnostic.

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Profit Is Stalling? Take A Look At Your Supply Chain!

Abivin

And rather than panicking or overthinking, taking a step back to look at your supply chain management can be an effective solution to this issue. Reasons for stalled profit and its core relation with supply chain management Poor Customer Service by inefficient data tracking systems and poor supply chain visibility Today, consumers have so many options that they can turn to if they encounter a bad service experience. They all had weak supply chain management. Image Source 3.

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