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Your supply chain is costing you money – Reason #5 Not having a supply chain risk management process

Kinaxis

by John Westerveld Reason #5: Not having a supply chain risk management process. Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Political issues can also have a significant impact on supply.

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The Modern Risk Landscape Needs a Strong Supply Chain Risk Management Framework

Exiger Perspectives

Why a Supply Chain Risk Management Framework is Needed A supply chain risk management framework is critical for risk identification and effective management of the inherent and imposed risks in today’s business environment.

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The Supply Chain’s Groundhog Day Experience

Enterra Insights

China’s zero tolerance policy for dealing with the pandemic repeatedly created unanticipated and undesirable disruptions. Even though China has now relaxed those policies, the country is dealing with a severe Covid outbreak that continues to cause disruptions. Another trending strategy is decoupling supply chains from China.

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Supply Chain Risk Management in 2024

American Global Logistics

By taking a proactive approach to supply chain risk management, your business can protect itself from disruptions and maintain its competitive edge. Disruptions in transportation infrastructure and evolving consumer demands pose additional challenges that require proactive management.

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Your supply chain is costing you money – Reason #7 Making decisions based on bad data (supply chain data accuracy)

Kinaxis

Reason #3 Not having end-to-end supply chain visibility. Reason #4 Making key decisions by modelling the supply chain in Excel. Reason #5 Not having a supply chain risk management process. Reason #6 Not effectively managing inventory. On Hand Inventory quantity/status.

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2024 Predictions for Industry and Global Supply Chains- Prediction One

Supply Chain Matters

The increased cost of working capital and supplemental inventory levels to mitigate fulfillment risk is likely to revert back to just-in-time inventory management. The first four of these scenarios have the likelihood of consequent added impacts for global and industry supply chains in 2024.

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Retail giants crush the rush with charters, air freight

Resilinc

In the race to fill distribution centers and store shelves with inventory for the holidays, some of the world’s largest retailers and ecommerce sellers are jumping ahead of smaller competitors by chartering ships, shifting freight to air, re-rerouting inland shipments, and hiring more staff for distribution centers and other supply chain nodes.