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Save The Supply Chain Leader From Groupthink

Supply Chain Shaman

Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Headline news included Wal-Mart, Target, Kohl’s and Macy’s struggling with inventory bloat and offering deep discounts. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories. My take away?

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This Week in Logistics News (April 8 – 14)

Logistics Viewpoints

Yum Brands – parent company of KFC, Pizza Hut, Taco Bell and The Habit Burger Grill – recently announced a new packaging policy prioritizing more sustainable options. In a blog post, Yum noted it is transitioning away from plastics and developing new packaging solutions as part of that policy. And now on to this week’s logistics news.

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Three supply chain lessons for businesses coping with COVID-19

CH Robinson Transportfolio

According to a paper published by the Global Supply Chain Institute at the University of Tennessee, only 25% of a typical company’s end-to-end supply chain is being assessed in any way for risk. Interruption risk management strategies, including mapping and monitoring suppliers, should be applied when developing an informed inventory plan.

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Three supply chain lessons for businesses coping with COVID-19

CH Robinson Transportfolio

According to a paper published by the Global Supply Chain Institute at the University of Tennessee, only 25% of a typical company’s end-to-end supply chain is being assessed in any way for risk. Interruption risk management strategies, including mapping and monitoring suppliers, should be applied when developing an informed inventory plan.

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Experts Suggest How to Slash Supply Chain Risk Properly

Supply Chain Opz

Clearly, redundancy (extra inventory, more suppliers, etc.) Christopher Craighead, Professor of Supply Chain Management, University of Tennessee The easiest and, in many cases, the most cost effective mitigation technique is analyzing partner (e.g., can help, but it is costly. supplier, carrier) performance.

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Supply Chains on the Other Side of Crisis

Enterra Insights

Ted Stank, professor of supply chain and logistics at the University of Tennessee, notes, “There are a lot of issues that play into [whether a manufacturer can easily pivot]. That is especially true in a period of deep uncertainty across the scientific, policy and economic fronts.”

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Supplement Recall Creates Bad Press for Health Industry

RFgen

In their rush to stand out in an ever-growing marketplace, businesses may exaggerate the benefits of their products or lose sight of their inventory management policies. This is a recent example of why this industry must prioritize inventory management to provide the safety and health benefits its consumers demand.