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Supply Chain Risk Management & Supply Chain Resilience: Is There a Difference?

Resilinc

Do you ever get confused when people use the terms supply chain risk management (SCRM) and supply chain resilience? It’s common to hear industry practitioners, stakeholders, solution providers, and analysts use these terms interchangeably; for example, an SCRM program and a supply chain resilience program.

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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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2023 Mid-Year Check-In: Current Status of Supply Chains and What’s Next?

Logistics Viewpoints

In fact, pressures are very similar with warehouse labor cost inflation, labor shortages, and inventory shortages at the top of the “concerns” list. Simply put, supply chain operations are under strain with pressures coming from multiple sources. And they must be capable of adapting to various demands.

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Risk Management in Global Ocean Context

The Logistics & Supply Chain Management Society

This would present significant risks to shippers if the latter continues to adopt a traditional procurement and operational mindset. Supply chain visibility provides the ability to view and track inventory at product level across all modes from raw materials to finished goods at the customers door.

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An update on the polymer shortage

Resilinc

In First Quarter earnings calls, Exxon Mobil, Dow, and LyondellBasell all reported that they were “selling everything they produce and [didn’t] anticipate being able to restock inventories until the third or fourth quarter.”. In China, building up inventories is a trend that predated the pandemic.

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Resilience and Agility in Supply Chains: Navigating Change in a Dynamic World

The Logistics & Supply Chain Management Society

Today, supply chains must contend with fast-evolving market conditions, unpredictable demand patterns, geopolitical tensions, environmental risks, and rapid technological advancements. In the past, supply chains primarily focused on achieving efficiency and cost reduction.

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5 New Year’s Resolutions for Supply Chain & Logistics Executives

Talking Logistics

Unfortunately, most supply chain executives and their teams focus predominantly on just two factors, the tradeoffs between cost and service, with risk rarely entering the conversation — until a disruption occurs and then everyone goes into panic mode. And the first step is asking “What are the risks?”