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.

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.

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

Top 10 Talking Logistics Videos and Posts in 2017

Talking Logistics

The numbers speak for themselves: 43 episodes produced in 2017, totaling more than 1,200 minutes of conversations with thought leaders and newsmakers in the supply chain and logistics industry. 5 Key Trends Driving Supply Chain Innovation.

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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.

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.

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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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?

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 (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.

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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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 (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 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.

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.

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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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.

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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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.

Supply Chain-Enhanced Customer Experience

Enterra Insights

Although the connection between great customer experience and a world-class supply chain is obvious, customer experience is not the first thing that pops into most peoples’ minds when they hear the term “supply chain.” ” According to Phil Britt ( @Phil_Britt ), supply chain professionals are among the few people who regularly make the connection between customer service and the supply chain.

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.

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?

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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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.

Blockchain and Supply Chain are Becoming Inextricably Tied

Enterra Insights

Increasingly, however, articles about blockchain technology focus on how it can help improve supply chain operations. Today’s supply chains are mindbogglingly complex and blockchain has the potential to address some of that complexity. David Higgins, EMEA Technical Director at CyberArk, explains, “It only takes a quick Google search of ‘supply chain diagrams’ to see how complicated the modern day supply chain has become.

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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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.

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.

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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Green Supply Chain Management - Infosys Blogs

Infosys Supply Chain Management

Management Consulting. Application Management. Infrastructure Management. Talent Management. BigDataEdge – Insights Management. SmartGridEdge – Smart Grid Management. TalentEdge – Talent Management. TradeEdge – Demand Chain Management. Wealth Management. Supply Chain Management. Discuss the latest trends and solutions across the supply chain management landscape.

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.

Supply Chain Management:Retailer Multi-Channel Operations.

Infosys Supply Chain Management

Management Consulting. Application Management. Infrastructure Management. Talent Management. BigDataEdge – Insights Management. SmartGridEdge – Smart Grid Management. TalentEdge – Talent Management. TradeEdge – Demand Chain Management. Wealth Management. Supply Chain Management. Discuss the latest trends and solutions across the supply chain management landscape.

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.

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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