Your 3PL as Supply Chain Risk Management Partner?

Talking Logistics

As I discussed last Friday, Accenture published a report recently on supply chain risk management. Seventy-six percent of the companies that participated in the study described supply chain risk management as important or very important, and “of the more than 1000 companies represented across 10 industries, 25 percent plan increased investments of at least 20 percent in supply chain risk management in the next two years.”.

Logistics & Supply Chain Risk Management: Pivoting to Resiliency with these 3 Simple Processes

Cerasis

Supply chain risk management and resiliency are hot-button topics in the industry. However, minute supply chain entities do not understand how resilience relates to risk management and what it means for improving focus on the supply chain. As a result, supply chain entities need to understand how risk management and resiliency applies to both good and bad situations and how an organization can improve supply chain risk management and resiliency processes.

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Supply Chain Risk Management: Could You Face a Category 4 Supply Chain Disaster?

Kinaxis

states, obvious disruptions to supply chains and supply chain risk management were a given. Many of the states affected contained key ports and supply destinations, as well as transportation and logistics hubs. This powerful feature lets a supplier or manufacturer see what would happen if the ports all closed, or the delivery mechanisms could not embark. The post Supply Chain Risk Management: Could You Face a Category 4 Supply Chain Disaster?

Supplier Risk Management Considerations for the Coronavirus Outbreak

ivalua

This will impact manufacturers and retailers who rely on these products and labor, the logistics haulers expecting to transport the material, and ultimately the end consumers. . This crisis demonstrates the increasingly global nature and complexity of supply chains and the imperative to manage the risk within this complex supply chain. This mapping should include evaluating those key tier 2 and tier 3 suppliers as well as key logistics hubs that could be impacted. .

Time to Survive and Nexus Supplier Index: New Measures of Supply Chain Risk Management

Talking Logistics

Over the past two years, I’ve written extensively about the growing importance of supply chain risk management and supply chain mapping. See for example: Rethinking Supply Chain Risk Management. Doing Nothing on Supply Chain Risk Management. Many Companies Falling Short on Supply Chain Risk Management. In addition, new software applications are also emerging to help companies manage this process.

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act!

Supply Chain Game Changer

In thinking about the show and its construct I thought about the incredible amount of risk that the performers and producers are managing. These world class performers have astonishing talent but they are also working in an environment designed to eliminate risk and maximize safety. Supply Chain Professionals, although not usually theatrical, also work in an environment in which they are managing a tremendous amount of risk. Supply Chain Risk Management.

Supply Chain Risk Management Highlighted by a Tiny Computer Chip

Enterra Insights

Multiple people familiar with the matter say investigators found that the chips had been inserted at factories run by manufacturing subcontractors in China.” ” Aside from national security implications, the main lesson to be learned here is how vulnerable companies are to risks associated with their supply chains. Smith insists, “The business case for supply chain risk management investment needs to be made convincingly and robustly to justify investment.”

Risk Management: Is 2018 the Year of Living Dangerously?

Enterra Insights

It has also always had issues: supply chain complexity; global competition; information collection challenges; and greater risk from global events including natural disasters, port closures and anti-global sentiment. ” Taken as a whole, the issues raised by Monahan and Gott are enough to keep any risk manager awake through the night. ”[2] Those risks are: 1. As we step into 2018, enterprises must realize the risks associated with their IoT ecosystem.”

Global Risk Management: Balancing Prevention and Response

CH Robinson Transportfolio

Global Risk Management: Balancing Prevention and Response. Finding the right balance between risk, prevention and response will keep your supply chain running smoothly and help it recover as quickly as possible when the unavoidable happens. When developing your risk management strategy, you should consider five key areas for maximum protection. An understanding of global issues and potential risks is critical to being prepared for the unexpected issues.

Supply Chain Risk Management: How SaaS-Based, Collaborative Platforms Provide Business Continuity

Turvo

Global supply chain risk management continues to evolve and embodies a consideration of possibilities and outcomes by supply chain executives totaling in the millions. Unfortunately, supply chain risks are inevitable as we’ve experienced with pandemics, weather-related disasters, corporate fallout, economic instability, and international trade regulations. That’s where the crossroads of a tech-driven approach to solving the challenges of supply chain risk management lie.

Visibility is the Key to Supply Chain Risk Management

Abivin

In term of risk management, visibility is essential to enable both the business and supply chain to become more agile, competitive, and robust. From sources to manufacturers to clients, supply chain visibility aids brands to respond effectively to critical events and other complications. If there is a particular catchword that continuously describes supply chain management, it is visibility. To enable it, the supervisor/manager creates a geo-fencing zone.

Coronavirus and Manufacturing: Shipping and Logistics

Resilinc

supply chain risk management SCRM Best Practices supply chain resilience supply chain risk Supply Chain Impact business continuity coronavirus update supply chain delays

The Industrial Internet of Things, Manufacturing, Supply Chain & Logistics: Where Are We & Where Are We Going?

Cerasis

Supply Chain Management. Supply chain management is a broad term used to describe the current use of the industrial internet of things in the supply chain. Warehouse Management. Warehouse management of the IoT is built the same principles of overall IoT-based supply chain management. Furthermore, the IoT is directly linked to better risk management programs in manufacturing too, explains Industry Week. Transportation Management.

A Case Study of Risk Management in Colombia

Supply Chain @ MIT

The Center for Latin-American Logistics Innovation (CLI), based in Bogotá, Colombia, is developing a quantitative risk assessment methodology for deciding which risks represent the most serious threat to a company’s operations. The methodology is based on the use of discrete event simulations as a tool to represent both the logistic processes of a supply chain […].

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

Talking Logistics

If you’re a supply chain or logistics executive and you’re looking for ways to improve as a leader this year, here are my five recommendations: 1. Ask “What are the risks?”more Supply chain management is risky business — and the risks are growing every day. Simply put, many companies are still falling short on supply chain risk management , and they continue to pay the price. And the first step is asking “What are the risks?”

Supply Chain Risk Blog Series#1: Why Supply Chain Risk Management Should be a High Priority

BluJay Solutions

Managing the inherent risk in a supply chain has always been critical for businesses, but has become ever more so as supply chains have extended globally. With so many companies today deriving and delivering so much of their business across a larger geographical expanse, the inherent risk factor has increased exponentially in the last decade or two.

This Week in Logistics News (June 23-27, 2014)

Talking Logistics

In other news… Supply Chain Risk Management Now a Priority for Most Businesses ( Accenture ). Several reports have been published in recent years underscoring the growing importance of supply chain risk management. This includes investments in “technology and/or organization that provides visibility within and/or across the Supply Chain that highlights trends and potential risks.”.

Austin 162

This Week in Logistics News (April 28 – May 2, 2014)

Talking Logistics

Resilinc Announces SupplyIntel Corporate Social Responsibility (CSR) Module to Protect Against Brand Risk. XPO Logistics Announces First Quarter 2014 Results. DOT Secretary Foxx sends transportation bill to Congress (Logistics Management). Resilinc SupplyIntel™ enables companies to identify factories worldwide that are used in manufacturing their parts and raw materials as well as the ownership of the factories, whether owned or sub-contracted.

This Week in Logistics News (January 19-23, 2015)

Talking Logistics

” Companies have historically overlooked B2B Connectivity when evaluating supply chain software solutions, such as transportation management systems. I’ve stated my opinion many times before: I believe companies, especially manufacturers and retailers, should get out of the B2B Connectivity business. Supply chain management is all about risk management, and this is a great example of how third-party logistics providers (3PLs) need to redefine themselves.

Four Critical Steps for CPG Manufacturers to Compete After a Crisis

DynaSys

The same concept works for business and manufacturing. As the world sorts through life with COVID-19 and trying to plan for the aftermath, many Consumer Packaged Goods (CPG) manufacturers and suppliers are developing and implementing risk management policies and procedures.

This Week in Logistics News (January 8-12, 2018)

Talking Logistics

Or I can just wing it and go straight to the supply chain and logistics news that caught my attention this week. Cloud Logistics Announces Record Revenue, Growth and Innovation for 2017. Remember that patent Amazon filed back in November 2013 that envisioned sending 3D manufacturing instructions to a truck equipped with a 3D printer that could manufacture an ordered product while enroute to the customer? What can I do if I have writer’s block?

3 Reasons Continuous Innovation is Vital for Manufacturers, Shippers, and Businesses Alike

Cerasis

Throughout the course of business, business owners, who may be in the manufacturing, retail, or in another industry, find themselves focusing on innovation. In fact, the annual ChainLink Research Study found innovation to be the top focus for those involved in the manufacturing community. Innovation Reduces Risk to Businesses. Proper risk management can make or break a business. Business Advice Manufacturing innovation

This Week in Logistics News (January 27-31, 2014)

Talking Logistics

Ratings for President Obama’s “State of the Union” address were the lowest since 2000 , but if you tuned in, he raised a couple of points related to supply chain and logistics. that includes three major feature areas: “Resilinc Omniview™ for next-generation multi-tier visibility, Resilinc FlexRisk™ for next-generation supply chain risk scoring, and enhanced Resilinc Supplier Onboarding to facilitate and expedite the supplier engagement process.” Atlanta. 2 inches of snow.

The Top 2019 Logistics Trends Shippers Should Know

Cerasis

The state of the logistics industry is evolving. Technology allows shippers to work smarter, faster and with fewer human resources, and new technologies, such as drones and augmented reality, are continuing the process, reports Victoria Kickham of Logistics Brief. Unfortunately, companies that fail to stay in line with the top 2019 logistics trends could face uncertainty and lost competitive advantage, so let’s look at some of the top trends shippers should know to stay successful.

Trends 183

This Week in Logistics News (July 14-18, 2014)

Talking Logistics

Version of SAP® Demand Signal Management Application. DHL launches new logistics service for life sciences products handled at extremely low temperatures. UPS Capital – Sponsored Study Shows Supply Chain Risk Mitigation Strategies Lacking. Penske Logistics Joins CargoNet to Enhance Supply Chain Security. I wrote those words in December 2010 , one of my supply chain and logistics predictions for 2011. Note: Transplace is a Talking Logistics sponsor.

3 Ways Crowdsourcing Is Revolutionizing Supply Chain Management

Kinaxis

Here are three ways that crowdsourcing is revolutionizing supply chain management today—and in the future. Amazon’s achievements in supply chain management have led consumers to establish an incredibly high bar for timely and accurate product delivery. Crowdsourcing supports risk management strategies. Supply chain risks like natural disasters, geopolitical turmoil, epidemics, and extreme weather events are unpredictable—and relatively infrequent.

Wanted: Supply Chain Architects!

Supply Chain Shaman

When I moved into industry, and the real world, I managed engineering teams. Each project would usually have a cool name, and management exposure. Let me start with a true confession: I am a manufacturing gal. I relished the sound of a manufacturing line when I opened the door of the factory in the morning, and I liked managing inputs so that we could maximize outputs. Manufacturing is the foundation of my interest in supply chain management.

“You’re Only as Good as Your Worst Supplier”

Talking Logistics

in an effort to streamline its supply chain as it prepared to ramp up manufacturing…UPS said last year it would set up a logistics center in Londonderry, N.H., But the 130-person logistics facility was beset by problems after it opened in July, said people familiar with the operation, slowing assembly to a crawl. Both of these cases underscore the growing importance of supply chain mapping and risk management.

Coronavirus Creates Opportunity for Healthy Supply Chain Correction

Talking Logistics

Manufacturers, distributors and retailers are trying to understand what this will mean for. The post Coronavirus Creates Opportunity for Healthy Supply Chain Correction appeared first on Talking Logistics with Adrian Gonzalez. Guest Commentary Guest Commentary - Transportation Insight Supply Chain Risk Management coronavirus COVID-19 inventory management Transportation InsightEvery day, the COVID-19 situation continues to evolve.

Three Reasons to Give Advanced Track and Trace Capabilities a Fresh Look

Logistics Viewpoints

The need for track and trace capabilities in industries such as food and beverage, manufacturing or automotive industries is obvious: the threat of contamination or recalls impacts public safety, and the responses to those events are highly regulated. Inventory Management Reverse Logistics Supply Chain Risk Management Warehouse Management Systems

6 Benefits of Effective a Reverse Logistics System & The 9 Core RevLog Metrics to Track

Cerasis

While conventional logistics optimizes the flow of goods from producer to consumer, reverse logistics manages the processes for inverting that flow to deal with returned parts, materials and products from the consumer back to the producer. Thus, reverse logistics management has developed into a discipline that produces cost reductions, adds efficiencies and improves the consumer experience. 6 Benefits of an Effective Reverse Logistics System.

The Parallel Supply Chain … A Twilight Zone Strategy?

Supply Chain Game Changer

Every source of materials and components, every manufacturing facility, every warehouse and distribution channel, and every logistics mechanism is duplicated. To establish, manage and maintain a Supply Chain takes a lot of resource. Risk Management Supply Chain Management

Can One Broken Bridge Cripple Your Supply Chain?

Kinaxis

While one lane of the bridge has since re-opened , allowing at least a trickle of traffic to flow across, larger transport vehicles are still being detoured, and the cost to the businesses impacted by this logistics nightmare is mounting. Is an unanticipated delay like this part of your supply chain risk plan? I want to reiterate that this is not just a logistics issue. Or diverting a shipment on route to another of your manufacturing plants to this one?

Coronavirus Impacts Global High-tech Supply Chains

Logistics Viewpoints

The high-tech industry is impacted particularly hard because so much of their contract manufacturing resides in China and they run JIT supply chains. The post Coronavirus Impacts Global High-tech Supply Chains appeared first on Logistics Viewpoints. China suply chain risk managementGlobal hi-tech companies are struggling with the impact of the coronavirus.

A Very Agile Supply Chain: The Inside Story of AGCO’s Response to COVID-19

Logistics Viewpoints

This global manufacturer of agricultural equipment began their journey to improved supply chain resiliency in 2004. The post A Very Agile Supply Chain: The Inside Story of AGCO’s Response to COVID-19 appeared first on Logistics Viewpoints. Supply Chain Risk Management supply chain resiliencyAGCO is a supply chain success story. This is the inside story of AGCO's response to the pandemic and how they developed such an agile supply chain. Agility does not just happen.