Supply Chain Risk Management: Could You Face a Category 4 Supply Chain Disaster?

Kinaxis

states, obvious disruptions to supply chains and supply chain risk management were a given. Many of the states affected contained key ports and supply destinations, as well as transportation and logistics hubs. The southeast contains a bunch of key ports and supply chain links that were in peril as Matthew approached and eventually passed through them. The human links of the supply chain were stressed.

Time to Survive and Nexus Supplier Index: New Measures of Supply Chain Risk Management

Talking Logistics

Over the past two years, I’ve written extensively about the growing importance of supply chain risk management and supply chain mapping. See for example: Rethinking Supply Chain Risk Management. Doing Nothing on Supply Chain Risk Management. Do You Have a “Top 25″ Supply Chain? Why Supply Chain Mapping Matters. Many Companies Falling Short on Supply Chain Risk Management.

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

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Is Your Supply Chain Ready To Recover? 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. While most jobs are not life threatening the level of risk is still prevalent.

Visibility is the Key to Supply Chain Risk Management

Abivin

Supply Chain Visibility – Why can’t it be ignored? It is no doubt that the supply chain is always growing to be more complex and expanding in organizational costs. Supply chain visibility is a requirement for keeping that complexity and cost under control. In term of risk management, visibility is essential to enable both the business and supply chain to become more agile, competitive, and robust.

Supply Chain: The True Game of Risk

Supply Chain Shaman

One of my favorites was the board game Risk. ” The rules have changed, and the risk increased. For the supply chain leader it is not a game… The stake is business continuity. Gamers do well in the world of supply chain. Designing value networks and managing what-if conditions is fundamental to managing supply chain risks. The move from global to regional supply chains increased risks.

Coronavirus Creates Opportunity for Healthy Supply Chain Correction

Talking Logistics

Alongside that is the incredibly difficult task of measuring supply chain effects throughout the rest of the year. Read more Coronavirus Creates Opportunity for Healthy Supply Chain Correction. The post Coronavirus Creates Opportunity for Healthy Supply Chain Correction appeared first on Talking Logistics with Adrian Gonzalez. Every day, the COVID-19 situation continues to evolve.

6 Supply Chain Disciplines to Enable Profitable Growth

Talking Logistics

How can supply chain management enable profitable growth? Getting to the answer requires retailers to take a broader, more strategic perspective of supply chain management, one that goes beyond defining supply chain excellence only in terms of cost reduction and control. Below is an excerpt from the section on Supply Chain Visibility. — Supply Chain Visibility.

This Week in Logistics News (March 7 – 13)

Logistics Viewpoints

Consumer Packaged Goods (CPG) Global Trade Inventory Management Labor Logistics Technologies Omni-channel logistics Regulations Retail Statistics Supply Chain Risk Management This Week in News Trade Security Transportation The unemployment rate edged down slightly in February 2015, to 5.5%. While the unemployment rate for teenagers decreased 1.7% to 17.1%, the rate for adult men (5.2%) and women (4.9%) remained relatively unchanged.

Three Reasons to Give Advanced Track and Trace Capabilities a Fresh Look

Logistics Viewpoints

Inventory Management Reverse Logistics Supply Chain Risk Management Warehouse Management Systems The need for track and trace capabilities in industries such as food and beverage, manufacturing or automotive industries is obvious: the threat of contamination or recalls impacts public safety, and the responses to those events are highly regulated. Organizations need to know what goes into their products and their location at all times.

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. Many products are within the category of optimizers for supply chain needs. in Series A to Bring Real-Time Visibility to the Supply Chain via APIs.

This Week in Logistics News (April 28 – May 2, 2014)

Talking Logistics

In this week’s news… JDA Software Announces Industry-Leading Distribution-Centric Supply Chain Suite. Resilinc Announces SupplyIntel Corporate Social Responsibility (CSR) Module to Protect Against Brand Risk. Supply Chain Council to Merge with APICS. XPO Logistics Announces First Quarter 2014 Results. DOT Secretary Foxx sends transportation bill to Congress (Logistics Management). and What defines supply chain advantage?

“You’re Only as Good as Your Worst Supplier”

Talking Logistics

That quote came from a Wall Street Journal article published last week about supply issues Pratt & Whitney (a unit of United Technologies) experienced this summer that almost brought its engine production operations to a halt. in an effort to streamline its supply chain as it prepared to ramp up manufacturing…UPS said last year it would set up a logistics center in Londonderry, N.H.,

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.

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The Next Great Disruption Coming to Supply Chains

Kinaxis

by CJ Wehlage What would you say is the next great disruption coming to our supply chain world? However, there’s one great disruption already occurring, which has yet to truly “touch” supply chain. I watched a TED Talk video by Philip Evans, from Boston Consulting Group and shuddered to think that all our traditional fulfillment and inventory models can be drastically transformed by the “consumer”. Where is the supply chain nodes?

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

Talking Logistics

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. As I’ve written and spoken about many times this year, many companies are falling short on supply chain risk management , which is having a negative impact on their financial performance and eroding their market share.

This Week in Logistics News (July 14-18, 2014)

Talking Logistics

Version of SAP® Demand Signal Management Application. DHL launches new logistics service for life sciences products handled at extremely low temperatures. UPS Capital – Sponsored Study Shows Supply Chain Risk Mitigation Strategies Lacking. Penske Logistics Joins CargoNet to Enhance Supply Chain Security. I wrote those words in December 2010 , one of my supply chain and logistics predictions for 2011.

Nothing Easy About Supplier Relationship Management

Talking Logistics

In recent weeks, I’ve come across several articles underscoring how much more difficult, risky, and complex supplier relationship management is becoming. Here are some of the headlines, along with a few excerpts: Bar Association warns corporations: Clean up supply chains (Star Tribune, Nov. Commit to ending human-rights abuses in your supply chain, the letter will say. Companies Turning a Blind Eye to Supply Chains (WSJ, Dec.

Throw Back Thursday: Remembering ‘Meeting Customer Demand in a Complex Industry’ from Kinexions

Kinaxis

In this video hear, Gary Dietz, Manager, Global Logistics and Supply Integrated Supply Chain and Logistics, Kennametal, as he discusses the challenges his company faces in gaining full visibility of supply and demand, and in dealing with increasing supply chain volatility. The company’s biggest pain point, he says, is managing assets. We’re looking for flexibility in our supply chain to adapt.”

GM Supplier Factory Explosion: Thoughts on Supply Chain Visibility and Responsibility

Talking Logistics

Zhongron supplies aluminum alloy wheel hubs to another company, Citic Dicastal Wheel Manufacturing Co., Here’s the way I think about it: you can’t aspire to have end-to-end supply chain visibility, which is what every manufacturer and retailer wants in order to become more agile and responsive, without also accepting end-to-end responsibility. This is by no means an easy task, especially for companies like GM with complex, global supply chains.

Japan and Ecuador Earthquakes: Supply Chain Lessons from Past Disasters

Talking Logistics

These earthquakes are also a reminder of how natural disasters can disrupt supply chains. Over the past few years, I’ve written extensively about the growing importance of supply chain risk management and supply chain mapping, including the following: Rethinking Supply Chain Risk Management. Doing Nothing on Supply Chain Risk Management. Do You Have a “Top 25″ Supply Chain?

Sports Authority: Another Not-So-Great Moment in Supplier Relationship Management

Talking Logistics

File this under “Not-So-Great Moments in Supplier Relationship Management.”. Last week, Sports Authority — which filed for chapter 11 bankruptcy protection earlier this month — sued more than 160 suppliers over “vendor claims to consigned goods on the shelves of the distressed retail chain, which has already begun liquidating 140 stores and has little time to save the rest in bankruptcy.” The Common Thread in Supply Chain Disputes.

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Made in “I Really Don’t Know”

Talking Logistics

In this week’s Ripped from the Headlines segment, another example of how many companies still have poor visibility and control of their end-to-end supply chains. “Australians would be shocked to hear that an iconic Australian brand with roots on the surf coast of Victoria can’t confidently track clothing produced within its own supply chain,” said Oxfam Australia’s CEO Dr Helen Szoke​. How do you begin to improve supply chain visibility and control?

How to Combat the Uncertainty and Risks in Today’s Global Supply Chains

Talking Logistics

and China, what’s happening (or not happening) with Brexit in Europe, or the status of “New NAFTA” and other trade agreements, one thing is clear: there is growing risk and uncertainty in global supply chain management. How are leading companies navigating these risks and uncertainties? Two of the biggest supply chain challenges uncovered by the study are the age-old problem of taxes and duties and the more recent trend toward economic nationalism.

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When You Focus on Getting the Best Deal Insead of Developing the Best Relationship

Talking Logistics

is fighting to get equipment and inventory from a family-owned auto parts supplier that filed for chapter 11 bankruptcy protection last week, saying a contract dispute threatens to shut down 19 GM assembly plants in North American and lead to ‘tens of millions of dollars in losses.’” Probably for the same reason so many 800-lb gorillas get themselves into this situation: instead of taking a Vested approach to supplier relationship management , they remained a penny wise and pound foolish.

What is the Biggest Blind Spot in Your Supply Chain?

Talking Logistics

In countless surveys over the past decade, manufacturers and retailers rank “improving supply chain visibility” as one of their top priorities. Yet, despite their focus on this effort and advancements in technology, achieving timely, accurate, and complete supply chain visibility remains an elusive goal for many companies. Supply chain networks are reconfiguring at a rapid pace, so the challenge of connecting to new trading partners is ongoing.

Supply Chain Risks: Which Are Top of Mind Today?

Talking Logistics

If you were to add a subtitle to every supply chain professional’s job description it would be Risk Manager or Risk Mitigator. The reality is that supply chain management is not just about managing orders and transportation and inventory — it’s about doing all those things while also navigating through the many risks that could disrupt your supply chain or bring it to a halt.

2018 EventWatch Summary – Year of Global Uncertainty

Resilinc

For corporations with international supply chains, 2018 provided many familiar challenges—from managing the impacts of fires and natural disasters on suppliers and logistics vendors to analyzing the risks that a merger and acquisitions (M&A) could lead a supplier to stop producing certain parts or components. China trade conflicts and Brexit—posed some of the most potentially costly and disruptive supply chain impacts in 2018.

Missing: C-level Engagement to Address Supply Chain Disruption Risk

Talking Logistics

A 2005 study on the impact of supply chain disruptions revealed there is significant damage to a company’s financials and brand when a crisis or stoppage occurs. The report shows, for example, that firms suffering from supply chain disruption experience 33% to 40% lower stock returns compared to their peers. The stakes are high – as is the level of risk. Many questions targeted their thoughts on disruptions and steps being taken to address risk.

Using Modeling and Analytics to Design a Resilient Supply Chain

Talking Logistics

Supply chain optimization is a widespread term, but did you know that an optimized supply chain is not necessarily a resilient one? Seventy-four percent of businesses experienced at least one supply chain disruption in last 12 months, and 38 percent reported a loss in revenue¹. Supply chain resiliency focuses on designing your business and supply chain to quickly bounce back from disruptions.

Updated IT Subway Map: Major acquisitions in SC software

Supply Chain Movement

The supply chain software industry is in a considerable state of flux. as the advance of e-commerce continues, companies with an omnichannel approach are increasingly implementing specific order management systems. furthermore, because the continuing growth in outsourcing is making global businesses ever-more susceptible to disruptions, supply chain risk management software is also on the rise. Risk and Order Management.

Ground-Level Views of Risk Management

Supply Chain @ MIT

Supply chain disruptions hit on multiple levels. But a key feature of effective response efforts that emerged during a recent gathering of supply chain risk experts organized by MIT CTL is aligning the company’s reaction to the scale of the disruption. A logistics services provider has three levels of response. The company’s third response structure is supply-chain based. If there is no inventory to make a part, another alarm is triggered.

Supply Chain and Logistics Predictions for 2016

Talking Logistics

Google did not acquire a third-party logistics (3PL) company or a logistics software vendor. 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 ).

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

At the Starting Line: New Year’s Resolutions for Supply Chain and Logistics Executives

Talking Logistics

We’ve made our predictions , but it’s the unexpected that makes supply chain management so exciting and demanding. Did you come up with any New Year’s resolutions to improve as a supply chain and logistics leader this year? From “5 New Year’s Resolutions for Supply Chain & Logistics Executives” originally published on January 14, 2014: 1. Ask “What are the risks?”more And the first step is asking “What are the risks?”

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. Most supply chain professionals understand this, which is why the interest in blockchain technology is growing. Blockchain will certainly help logistics operations in a number of ways; but, digital data already available can also help. Complexity adds another layer of difficulty to the logistics picture.

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