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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. The southeast contains a bunch of key ports and supply chain links that were in peril as Matthew approached and eventually passed through them. They would be handling maybe twice as many ships in a typical set of days.

Achieving enterprise-wide adoption of supply chain risk management

Resilinc

A common challenge for procurement and supply chain professionals is obtaining support from C-level leaders to invest in a robust supply chain risk management (SCRM) program. Collaborate with stakeholders in finance, sales, manufacturing, etc.,

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Supply Chain Risk Management Highlighted by a Tiny Computer Chip

Enterra Insights

Jason Koebler and Joseph Cox explain, “In the 2015 novel Ghost Fleet , the spark that starts World War III is not a nuclear bomb, but a supply chain hack. Singer suggests that Chinese-made microchips embedded in our appliances, devices, satellites, fighter jets, war ships, and tanks could turn against us.”[1] Multiple people familiar with the matter say investigators found that the chips had been inserted at factories run by manufacturing subcontractors in China.”

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

3 Ways Crowdsourcing Is Revolutionizing Supply Chain Management

Kinaxis

In 1714, the British government offered the public a monetary prize to the person who created the best solution for measuring a ship’s longitude. Here are three ways that crowdsourcing is revolutionizing supply chain management today—and in the future. Amazon consistently ranks on or near the top of lists touting the best supply chains—and for good reason. Crowdsourcing supports risk management strategies.

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

Talking Logistics

That quote came from a Wall Street Journal article published last week about supply issues Pratt & Whitney (a unit of United Technologies) experienced this summer that almost brought its engine production operations to a halt. 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.,

The Next Great Disruption Coming to Supply Chains

Kinaxis

by CJ Wehlage What would you say is the next great disruption coming to our supply chain world? However, there’s one great disruption already occurring, which has yet to truly “touch” supply chain. As a supply chain practitioner, do you notice something missing? Where is the supply chain nodes? 3PL’s, Contract Manufacturing, Suppliers, Logistics providers…. Supply Chains have primarily stayed on the outside of this challenge.

Countdown to Black Friday: Are You an Easy Target for Cargo Theft?

Talking Logistics

With Black Friday on the horizon, consumer goods of all kinds are making their way from manufacturers to distribution centers and retail locations across the country. The industry experiences more cargo theft incidents when there is a higher volume of consumer goods moving through the supply chain. Remember that freight at rest is freight at risk. Dig into operational controls to understand which protective measures are in place at every point in the supply chain.

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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. HERE and FreightVerify partner to optimize the automotive industry supply chain. Target said Tuesday that 70% of its digital orders in November and December were filled in stores–either through in-store pickup or by shipping directly to customers [emphasis mine].

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.

Enabling Supply Chain Flexibility: Two Important (But Often Overlooked) Factors

Talking Logistics

El Niño and Jonas are the latest reminders that weather and other natural events, such as earthquakes, can lead to supply chain disruptions. In light of these risks, developing a flexible supply chain is the best strategy for success, but what does that mean exactly and how can companies get there? Robinson , and I addressed in a recent episode of Talking Logistics. Robinson freight forwarding supply chain flexibility

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Still Think Dangerous Goods is Just Paperwork and Labels?

Talking Logistics

Last September, a jury at Southwark crown court in south London found Amazon guilty of shipping dangerous goods by air. The dangers of shipping lithium-ion batteries, particularly via air, has been in the spotlight in recent years following several deadly incidents, including the crash of a UPS cargo plane in September 2010 that was attributed to “the autoignition of the contents of a cargo pallet, which contained more than 81,000 lithium type batteries and other combustible materials.”.

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Supply Chain and Logistics Predictions for 2016

Talking Logistics

Google did not acquire a third-party logistics (3PL) company or a logistics software vendor. For example, 3PLs and software vendors did pay more attention to serving the needs of small and mid-sized businesses (SMBs) and companies in the Energy and Process Industries (see TMS for SMB: Breaking Down the Barriers , Oil & Gas Companies Focus on Eliminating Supply Chain Waste , and Collaboration and Optimization in the Oil & Gas Industry ).

This Week in Logistics News (July 23-27, 2018)

Talking Logistics

Just another typical week in the world of supply chain and logistics. Here’s the news that caught my attention: China’s Cosco Shipping Hit by Cyberattack in U.S. Heading into 2017, one of my predictions was that we would see a rise in cyberattacks, with supply chain and logistics operations becoming new targets. The hackers are back at it again, this time targeting Cosco Shipping Holdings. The Hackers Inside Your Supply Chain.

Top Talking Logistics Posts & Episodes (Q1 2016)

Talking Logistics

Here on Talking Logistics , however, the sun is shining bright. Chipotle: The Latest Example of Why Supply Chain Risk Management Matters. Using Modeling and Analytics to Design a Resilient Supply Chain. The Impact of SOLAS on Ocean Shipping and Data Management. Sports Authority: Another Not-So-Great Moment in Supplier Relationship Management. Is Workforce Planning the Weakest Link in Your Supply Chain Transformation Journey?

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Logistics, Data, and Cognitive Computing

Enterra Insights

Logistics have always been data driven. Historically, logistics data can be found on cuneiform tablets, pieces of parchment, and paper. Most supply chain professionals understand this, which is why the interest in blockchain technology is growing. Blockchain will certainly help logistics operations in a number of ways; but, digital data already available can also help. Complexity adds another layer of difficulty to the logistics picture.

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The Expert Talks- Sustainability

Infosys Supply Chain Management

Vijay has worked extensively across areas spanning Supply Chain Planning and Execution. Read on as Vijay shares with us his insights on Sustainability in the context of Supply Chain Management. For an organization, Sustainability in the supply chain is recognized as a key component of corporate responsibility. Supply Chain being a network of organizations, how could one single entity decide and implement Sustainability?

The Consequences of Supply Chain Constipation

Enterra Insights

As most adults know, constipation involves the difficult passage of necessary items through the tail end of the body’s supply chain. This blockage has created havoc in the global supply chain. Last week oil prices rose and shipping stocks dropped.

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Bipartisan Consensus on Chinese Threats: U.S. Must Build New Supply Chains with Allies

Resilinc

While the pandemic has given procurement managers fresh ammunition to advocate for greater resiliency within their corporate supply chains, geopolitical experts and a bipartisan coalition of legislators argue that the U.S. From ships to drones.

3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

GlobalTranz

The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction. Is cost reduction all that there is in measuring Supply Chain performance? Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction.

Blog Series: The Ultimate Guide to Supply Chain Resiliency, Part 3 – Implementation

Resilinc

If you’re a veteran supply chain or procurement professional, you know that that seemingly minor events anywhere in your supplier network can create major, costly headaches. For proactive risk mitigations, costs vary significantly—and so will time-to-implement.

Welcome to the Supply Chain where the Risks Never Stop Coming

Enterra Insights

There are undoubtedly moments when risk managers would like to “take a knee” in order to find respite from the risks their supply chains face. According to the staff at Supply & Demand Chain Executive , “A new report from Resilinc reveals that global risks increased throughout 2018, with geopolitical conflicts posing some of the most potentially costly and disruptive supply chain impacts.”[1]

Predictive Analytics: Supply Chain’s Cloudy Crystal Ball

Enterra Insights

Gracie Myers, a researcher with Research Optimus, writes, “Predictive analytics is being applied toward all facets of business operations and processes to help anticipate events, avoid risks, and create solutions. By forecasting future supply chain and logistical events, companies can gain a competitive advantage and prevent monetary loss due to inaccurate stocking, and mismanagement of goods, deliveries, and time.”[2]

Don’t Fear Optimization (It’s Just a Word)

Talking Logistics

Author’s Note: The following is the forward I wrote for a new textbook published by MercuryGate (a Talking Logistics sponsor) on “ Modern Technology for Transportation Optimization ,” which is available for purchase on Amazon.com. The word “optimization” is ubiquitous in the supply chain and logistics industry. In many ways, I believe many supply chain and logistics professionals are intimidated by optimization.

Can You Take the Risk?

Supply Chain Shaman

“This is not a supply chain process. In 2013, 80% of supply chain leaders had a material supply chain disruption. Yet, in a study that we just completed, when asked about business pain, supply chain risk rates low. Risk management requires a focus on the important. Unfortunately, too many supply chains are reactive. I have been working as an analyst in supply chain management for the last decade.

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Is the Food Supply Chain Breaking?

Enterra Insights

It has also underscored the importance — and brittleness — of global and national supply chains. Recently, John Tyson, Chairman of the Board at Tyson Foods, published a full-page ad in several newspapers asserting the food supply chain is breaking. This means one thing — the food supply chain is vulnerable. Trouble in the supply chain. ”[3] Food Dive is tracking the status of operations of major manufacturers’ plants.

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Blockchain has Potential

Enterra Insights

For example, Hailey Lynne McKeefry ( @HaileyMcK ) writes, “Supply chain professionals are talking a lot about blockchain, and how it can be applied to address the increasingly global and complex nature of the supply chain. They are: Tracking products moving through the supply chain. Managing trade documentation. Managing supply chain risk. Managing demand and supply planning. Managing inventory.

All I Want in My Easter Basket is a Supply Chain Planning System of Record

Logility

Supply chain professionals are asked on a daily basis for what can seem like miracles: improve customer service and reduce costs, do more with less. Specifically, what does your supply chain team use to manage supply chain planning? In many cases you will discover that processes like demand, inventory, replenishment, and manufacturing planning are limited by a lack of software capability.

Preparing the Supply Chain for the Hurricane Season

Enterra Insights

Alex Behrens reports, “ DHL Resilience360 recently released Stormy Weather Ahead: A Global Outlook on the 2019 Season to compile information about the impacts that even small storms can have and discuss the short- and long-term implications of these systems on existing supply chains. And it offers ways to mitigate that risk. In the supply chain field, disaster preparation should be a continuous process.

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Supply Chain Case Study: the Executive's Guide

Supply Chain Opz

Professionals in supply chain management use various methods to identify best practices to improve the operations. Analysis of case study is certainly one of the most popular methods for people from business management background. In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented.

I Will Be Wrong Again: Supply Chain and Logistics Predictions for 2017

Talking Logistics

This is not only true for financial investments, but also for supply chain and logistics predictions. Like I said last year, making supply chain and logistics predictions is like throwing darts at a moving target: sometimes you get lucky and hit the mark; other times you miss the bullseye by a mile. Here’s one of my predictions for 2016 that hit the mark: Blockchain Technology Will Make Its Debut in Supply Chain Management.

Professor Yossi Sheffi on Resilience, Visibility, and Biggest Risks this Holiday Season

Elementum

Welcome to the second installment of Supply Chain Spotlight, Elementum’s interview series. We speak with the most influential people in today’s global supply chain. Each interview is a conversation about the most important topics and tasks facing supply chain professionals all over the world. He is an expert in systems optimization, risk analysis, and supply chain management, which are the subjects he teaches and researches at MIT.

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SCRC Meeting – Tom Linton’s “Supply Chain Eight” and Golden Winged Warblers : Questions Every New CSCO Should Ask Their CEO

NC State SCRC

Our 40 th Bi-Annual Supply Chain Resource Cooperative meeting was a great success, culminating with the student gallery walk, featuring 27 undergraduate and MBA supply chain projects. Evaluate structural changes in your supply base that could reduce risk exposure.

Podcast: Daniel Stanton on Technology, Education, and Disruption

Requis

Supply Chain”, Daniel Stanton has a gift for explaining complex supply chain concepts in a way that has engaged millions of students. He has taught at several universities and is a leading instructor for the supply chain programs on LinkedIn Learning.

New online insight hub revealed to increase intelligence resources for supply chain decision makers

EFT

The acquisition combines Reuters’ globally trusted news brand, scale and editorial excellence with eft’s deep expertise in highly specialized events and content production for key decision makers right across the supply chain industry.

DHL, Etsy, Alibaba and Tradeshift on supply chain resilience

EFT

Companies who are able to look at their supply chains holistically, build in redundancies and understand what the customer needs most are going to be best placed to come out of this crisis in a position to thrive. . When do the risks transfer to me?

Supply Chain Management:Why not WMS App? - Infosys Blogs

Infosys Supply Chain Management

Industrial Manufacturing. Logistics and Distribution. Management Consulting. Application Management. Infrastructure Management. Talent Management. BigDataEdge – Insights Management. SmartGridEdge – Smart Grid Management. TalentEdge – Talent Management. TradeEdge – Demand Chain Management. Wealth Management. Supply Chain Management. Supply Chain Management.