Supply Chain Risk Management and Rocket Science

Logility

I became very familiar with risk management early in my professional career. Supply chain professionals have to push the envelope on processes and procedures every day to gain incremental improvements in customer service, costs and efficiencies.

Supply Chain Risk Management Highlighted by a Tiny Computer Chip

Enterra Insights

Jason Koebler and Joseph Cox explain, “In the 2015 novel Ghost Fleet , the spark that starts World War III is not a nuclear bomb, but a supply chain hack. ” Aside from national security implications, the main lesson to be learned here is how vulnerable companies are to risks associated with their supply chains. ” He also acknowledges that under-investment in supply chain risk management is understandable.

How to Plan for Common Disruptors in Ocean Freight

Talking Logistics

Peak season for ocean freight shipping is underway. That can make it difficult to meet your delivery times unless you take proactive steps now to minimize the risk in your supply chain. All of this will cause a tightening of space for ocean freight shipping.

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 (April 1-5, 2019)

Talking Logistics

Moving on to this week’s supply chain and logistics news… Truckers gridlocked at U.S.-Mexico Supply chains are fragile systems. What should supply chain professionals do in response? “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. These diverse interpretations make identify risks more challenging. Surprisingly, many supply chain risk discussions exclude the actual supply chain. Supply Chains.

Supply chain risks: The knowable unknowns that can hurt your supply chain!

Kinaxis

The new CEO embarked on several cost reduction initiatives in conjunction with a number of changes (some may argue too fast and too soon) on how the company operates its freight-trains. These are the “knowable unknowns” that can hurt your supply chain performance.

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

Talking Logistics

The industry experiences more cargo theft incidents when there is a higher volume of consumer goods moving through the supply chain. 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.

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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.

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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)? Many products are within the category of optimizers for supply chain needs.

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. It echoed the title of my September 2016 post, “ The Day a Cyber Attack Brings the World’s Supply Chains to a Halt.”. Source: Evan, Flikr. “I

Combating the Growing Risk and Uncertainty of Global Trade

Talking Logistics

Globalization for any growth-oriented company represents a significant opportunity, but it obviously comes with a tremendous amount of associated risk,” said Matt Castle, VP of Global Forwarding Products and Services at C.H. How do you combat this growing risk and uncertainty?

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This Week in Logistics News (February 23-27, 2015)

Talking Logistics

Moving on to this week’s supply chain and logistics news… Target Lowers Free Shipping Minimum to $25 for Online Orders. DHL launches next phase Resilience360 risk management tool to help customers avoid global disasters. December 2014 North American Freight Numbers.

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

Talking Logistics

In other news… Elemica Awarded 2nd Patent on Supply Chain Operating Network. LLamasoft and CHAINalytics Partner to Provide Integrated Access to Freight Market Intelligence. Ryder First in Supply Chain Industry to be Awarded SAFETY Act Certification from U.S.

This Week in Logistics News (June 20-24, 2016)

Talking Logistics

A beautiful woman passed away this morning, my wife’s aunt who we all loved, so I will be brief with my comments about this week’s supply chain and logistics news. HighJump Adds Supply Chain Analytics to Enterprise Software Suite. April 2016 North American Freight Numbers.

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.

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Listen to El Niño: Why Developing a Flexible Supply Chain Matters

Talking Logistics

It’s the latest reminder that weather and other natural events, such as earthquakes, can lead to supply chain disruptions. 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?

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

Talking Logistics

El Niño and Jonas are the latest reminders that weather and other natural events, such as earthquakes, can lead to supply chain disruptions. 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 freight forwarding supply chain flexibility

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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. Getting these conversations started at the university level with future supply chain leaders is a great step forward.

Citations of Excellence Awards 2016

SCM Research

Technology Designed to Combat Fakes in the Global Supply Chain. The Reduction of Greenhouse Gas Emissions from Freight Transport by Pooling Supply Chains. Ensuring Supply Chain Resilience: Development and Implementation of an Assessment Tool. Closed-Loop Supply Chains: A Critical Review, and Future Research. Data Science, Predictive Analytics, and Big Data: A Revolution That Will Transform Supply Chain Design and Management.

Identity Theft, Trucking Style

Talking Logistics

Then the con artists offer low bids to freight brokers who handle shipping for numerous companies. Here are my three simple tips to prevent cargo theft in general (or at least minimize the risk): 1. The longer a loaded trailer or container sits unattended, the higher the risk for theft. And you should collect data on where (and for how long) loaded trailers/containers sit along your supply chain to understand where you face the greatest risk for cargo theft.

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Supply Chain Risk Blog Series#3: The Role of Regulation

BluJay Solutions

In the last post in our blog series on Supply Chain Risk, we focused on the impact of complexity and the role of contingency planning in managing risk. Now it’s time to consider the role of regulatory requirements and legislation in your supply chain risk planning. . So, which of the myriad of government regulations are pertinent to a company’s risk management strategy?

Whitman School Collaborates with Staples to Analyze Supply Chain Management Opportunities Sparking Millennial Interest

Cerasis

Editor’s Note : It is clear from several articles around the Skills Gap that we need programs that keep the next generations interested in one of the most vital parts of business today: mastering the supply chain. Franklin Center for Supply Chain Management at the Martin J.

Hurricane Florence, Disaster Recovery Logistics Planning and TMS Solutions

Supply Chain Collaborator

TMS solutions and associated logistics IT tools are a critical part of any successful volume shipper’s supply chain risk management plan. Hurricane Florence is presently testing the mettle of the logistics management technologies used by shippers at the epicenter of natural disaster recovery – food/beverage shippers, building materials shippers, energy shippers and others.

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

Talking Logistics

Will blockchain have the same fate as RFID in supply chain management? That said, leading companies are still testing blockchain in various supply chain applications. general manager, said in an interview.

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Blockchain has Potential

Enterra Insights

For example, Hailey Lynne McKeefry ( @HaileyMcK ) writes, “Supply chain professionals are talking a lot about blockchain, and how it can be applied to address the increasingly global and complex nature of the supply chain. They are: Tracking products moving through the supply chain. Managing trade documentation. Managing supply chain risk. Managing demand and supply planning. Managing inventory.

What I Learned at the CSCMP Annual Global Conference 2014

Talking Logistics

The Council of Supply Chain Management Professionals (CSCMP) Annual Global Conference is among the best events to learn and network in the industry. I learned that people are genuinely excited about the opportunities in supply chain management. Simply put, there’s no time or reason to be bored in supply chain management — if you are, then you’re either working at the wrong company or supply chain management is not for you.

Logistics, Data, and Cognitive Computing

Enterra Insights

Most supply chain professionals understand this, which is why the interest in blockchain technology is growing. These can include freight costs that are too high, transit times that are too long or not charging enough for freight.”[1] He writes: “A shipper needs four datasets to be integrated, cleansed, and standardized: 1) shipment data; 2) freight invoice data; 3) track & trace data; 4) order & item level data.

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Supply Chain Case Study: the Executive's Guide

Supply Chain Opz

Professionals in supply chain management use various methods to identify best practices to improve the operations. Analysis of case study is certainly one of the most popular methods for people from business management background.

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. FedEx Freight Reports Teamsters Withdraw Petition at North Harrisburg Facility. Ralph and Me (right) as Blue Men.

Supply Chain Movement 21 – S&OP + IT

Supply Chain Movement

Contents Supply Chain Movement 21 – 2016 Q2. Forecasting is about managing risks. Major organisational and cultural changes lie ahead for supply chain management. The supply chain software industry is in a considerable state of flux.

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

Talking Logistics

“We will see $300 a barrel — or roughly $250 in today’s dollars — because oil supply will be so short. That will be in 2015, after the peak of oil [supply].”. Managed Services: The “Stretch Armstrong” of Logistics. Want a Fast-Response Supply Chain?

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New 3PL Study: The State of Logistics Outsourcing

Supply Chain Movement

Today’s consumers are looking for always-on, always-open shopping opportunities, and retailers are investing in technology, supply chain resources and fulfillment strategies that will provide a seamless experience across all retail sales channels. Supply Chain Risk Management.

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Supply Chain Leaders Insights in Melbourne and Sydney This October

Logistics Bureau

Melbourne and Sydney: Two Cities to Visit for Supply Chain Insights. Our Supply Chain Leaders Insights conference, round-table, and training day will be taking place in both cities this year. Get Solutions to Your Supply Chain Problems.

Supply Chain and Logistics Predictions for 2016

Talking Logistics

For example, 3PLs and software vendors did pay more attention to serving the needs of small and mid-sized businesses (SMBs) and companies in the Energy and Process Industries (see TMS for SMB: Breaking Down the Barriers , Oil & Gas Companies Focus on Eliminating Supply Chain Waste , and Collaboration and Optimization in the Oil & Gas Industry ). Making supply chain and logistics predictions is like throwing darts at a moving target.