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Food and Beverage Industry Reevaluating Strategies to Combat Coronavirus

USC Consulting Group

For example, MVP Dairy, located in the northwestern portion of Ohio, is more assiduously examining its supply chains to close gaps and ensure continuity. Inventory management more of a priority. As such, the food and beverage industry may need to be more proactive about adapting their processes so interruptions can be mitigated.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK.

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Still Managing Exceptions Manually? How a TMS Can Help

Talking Logistics

This visibility has traditionally been very complicated because it must encompass an order from start to finish; it requires the TMS to read and translate all of the different types of data relevant to that order: The different data sources (like ERPs, portals, EDI, etc.); Conclusion. The days of managing by exception are far behind us.

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Hollywood’s Top 10 Supply Chain Disaster Movies

Resilinc

Deep Impact (1998) In Deep Impact , a comet strikes the earth, creating a mega-tsunami that devastates the Atlantic coasts of North America, South America, Europe, and Africa. A nuclear disaster, as depicted in the film, would likely result in a reassessment of nuclear power as an energy source.

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36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Bed Bath & Beyond is also implementing inventory reduction strategies and is on track for a 5% reduction year-over-year by the end of the current fiscal year.