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Smart Supply Chains Adapt to Overcome COVID-19 Challenges

Logistics Bureau

Almost 75 percent of US companies are experiencing capacity shortfalls in their supply chains, due to Coronavirus-linked transport disruptions , a new study has shown. The US auto industry is expected to follow suit as stockpiled inventory becomes depleted. Examples are: Samsung Electronics , which is shifting part of its domestic phone production to Vietnam due to the rapid advance of COVID-19 in South Korea. It is also airlifting parts from China to its Vietnam operations.

Mitigating the Impact of the Coronavirus on Supply Chains with Machine Learning and Real-Time Visibility

Supply Chain Nation

Lucky are the companies that can shift production to other countries like Mexico or Vietnam. With real-time visibility capabilities, customers can gain time to resolution to proactively identify issues deep in the supply chain, e.g. “where is my inventory,” and leverage ML-based recommendations to find alternate sources of supply and integrated execution capabilities to turn recommendations into alternate supply shipments.

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Is it Time for to Move Away from “World Class Supply Chains”?

NC State SCRC

An excerpt from our book “The Procurement Value Proposition” got a nice section of CSCMP’s Supply Chain Quarterly edition this week. The book looks at what the future procurement capability will need to be, in light of the massive “game changers” of globalization, technology, cultural diversity, demographic issues, and sustainable pressure that is changing the entire ecosystem.

5 Reasons Why You Should Go for Paperless Warehousing

Vinculum

Whenever we come across this term ‘Warehouse’, we imagine a big closed place which is used for storage of the goods to be transported, whether inbound or outbound, trucks moving to and fro, lot of labourers would be working etc. Traditionally warehouse was mainly thought as a storage location where items were procured from manufacturer and supplied to retail stores (mainly bulk operation) as end customer buy from stores.

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. Foot Locker @footlocker Foot Locker makes it easy for customers to shop the way they want to shop by improving inventory visibility.

Dealing with Risk, Uncertainty and Tariffs: What the Recent Tariff Delay Means for Retailers

Supply Chain Nation

increasing inventory before the deadline. Loading up on inventory drives additional inventory carrying costs, insurance and often contracting for more storage. There is also the risk that inventory will be in the wrong place when demand develops, necessitating expedited shipments to reposition it.Switching to alternate sources comes with both uncertainties and risk. What will be the impact on costs for production and transportation?

Navigating the Future in an Uncertain Political and Regulatory Environment

NC State SCRC

He began by discussing how Free Trade Agreements, along with labor costs and transportation rates, are among the three most critical elements to factor in when analyzing global supply chain decisions. What US industrial leaders must now worry about is the Regional Comprehensive Economic Partnership (RCEP) which includes China, Japan, Korea, Vietnam, Brunei, Australia, New Zealand, Thailand, Cambodia, Indonesia and others.