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.”.

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. The human links of the supply chain were stressed.

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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 the supply chain continues to grow in complexity and regulation, the opportunities for problems and other events to impact operations negatively will consequently grow.

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. Do You Have a “Top 25″ Supply Chain? Why Supply Chain Mapping Matters. Many Companies Falling Short on Supply Chain Risk Management.

Supply Chain Risk Management – 5 Approaches to Safeguard your Supply Chain

ThroughPut

A recent study by Deloitte revealed that almost 85% of surveyed global supply chains had experienced at least one disruption in the past 12 months. What is Supply Chain Risk Management? The Supply Chain Risk Management Lifecycle.

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. Multiple people familiar with the matter say investigators found that the chips had been inserted at factories run by manufacturing subcontractors in China.” Smith insists, “The business case for supply chain risk management investment needs to be made convincingly and robustly to justify investment.”

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

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Is Your Supply Chain Ready To Recover? 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. While most jobs are not life threatening the level of risk is still prevalent.

Visibility is the Key to Supply Chain Risk Management

Abivin

Supply Chain Visibility – Why can’t it be ignored? It is no doubt that the supply chain is always growing to be more complex and expanding in organizational costs. Supply chain visibility is a requirement for keeping that complexity and cost under control. In term of risk management, visibility is essential to enable both the business and supply chain to become more agile, competitive, and robust.

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

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.

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.

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.”.

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Coronavirus Creates Opportunity for Healthy Supply Chain Correction

Talking Logistics

Alongside that is the incredibly difficult task of measuring supply chain effects throughout the rest of the year. Manufacturers, distributors and retailers are trying to understand what this will mean for. Read more Coronavirus Creates Opportunity for Healthy Supply Chain Correction. The post Coronavirus Creates Opportunity for Healthy Supply Chain Correction appeared first on Talking Logistics with Adrian Gonzalez.

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 consistently ranks on or near the top of lists touting the best supply chains—and for good reason. 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.

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

Talking Logistics

In other news… Elemica Awarded 2nd Patent on Supply Chain Operating Network. Ryder First in Supply Chain Industry to be Awarded SAFETY Act Certification from U.S. As I’ve said in the past, I believe many companies will find opportunities for supply chain innovation at the intersection of Software, B2B Connectivity, and Social Networking. Department of Homeland Security (DHS) for its global supply chain security program.

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

Talking Logistics

In this week’s news… JDA Software Announces Industry-Leading Distribution-Centric Supply Chain Suite. Resilinc Announces SupplyIntel Corporate Social Responsibility (CSR) Module to Protect Against Brand Risk. Supply Chain Council to Merge with APICS. XPO Logistics Announces First Quarter 2014 Results. DOT Secretary Foxx sends transportation bill to Congress (Logistics Management). and What defines supply chain advantage?

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

Logistics Viewpoints

AGCO 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. 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.

“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.,

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

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

Talking Logistics

to Provide Next-Generation Supply Chain Resiliency Capabilities. 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. In my opinion, this is another example of where a Supply Chain Operating Network would offer a better solution. Robinson and UltraShipTMS are Talking Logistics sponsors. Atlanta. 2 inches of snow.

The Hackers Inside Your Supply Chain

Talking Logistics

Two recent reports highlight the growing threat of cyber-terrorism on supply chains. While the Coast Guard initiated a number of activities and coordinating strategies to improve physical security in specific ports, it has not conducted a risk assessment that fully addresses cyber-related threats, vulnerabilities, and consequences. As I’ve written many times before, when it comes to supply chain risk management, many companies are falling short.

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. I’d add it’s yet another reminder to businesses to make sure their supply chains can handle the unexpected. Is an unanticipated delay like this part of your supply chain risk plan? by Alexa Cheater.

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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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.

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. Actually, what we will order and pay for on sites like Amazon.com will not be a physical product, but the manufacturing instructions and the printing materials.

Japan and Ecuador Earthquakes: Supply Chain Lessons from Past Disasters

Talking Logistics

These earthquakes are also a reminder of how natural disasters can disrupt supply chains. s iPhones are manufactured. Over the past few years, I’ve written extensively about the growing importance of supply chain risk management and supply chain mapping, including the following: Rethinking Supply Chain Risk Management. Doing Nothing on Supply Chain Risk Management.

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.

Nothing Easy About Supplier Relationship Management

Talking Logistics

In recent weeks, I’ve come across several articles underscoring how much more difficult, risky, and complex supplier relationship management is becoming. Here are some of the headlines, along with a few excerpts: Bar Association warns corporations: Clean up supply chains (Star Tribune, Nov. Commit to ending human-rights abuses in your supply chain, the letter will say. Companies Turning a Blind Eye to Supply Chains (WSJ, Dec.

GM Supplier Factory Explosion: Thoughts on Supply Chain Visibility and Responsibility

Talking Logistics

Zhongron supplies aluminum alloy wheel hubs to another company, Citic Dicastal Wheel Manufacturing Co., Here’s the way I think about it: you can’t aspire to have end-to-end supply chain visibility, which is what every manufacturer and retailer wants in order to become more agile and responsive, without also accepting end-to-end responsibility. This is by no means an easy task, especially for companies like GM with complex, global supply chains.

Reflections of a Supply Chain Industry Analyst

Talking Logistics

The typical role of an industry analyst is to look ahead, at the trends that are shaping and reshaping the supply chain and logistics landscape. On a recent episode of Talking Logistics , however, I decided to look back and reflect on the biggest changes I’ve seen in the industry over the past 15 years. As I’ve said in the past , a successful 3PL is an operations manager, a consultant, and a technology provider all rolled into one.

How to Combat the Uncertainty and Risks in Today’s Global Supply Chains

Talking Logistics

and China, what’s happening (or not happening) with Brexit in Europe, or the status of “New NAFTA” and other trade agreements, one thing is clear: there is growing risk and uncertainty in global supply chain management. How are leading companies navigating these risks and uncertainties? Two of the biggest supply chain challenges uncovered by the study are the age-old problem of taxes and duties and the more recent trend toward economic nationalism.

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Throw Back Thursday: Remembering ‘Meeting Customer Demand in a Complex Industry’ from Kinexions

Kinaxis

In this video hear, Gary Dietz, Manager, Global Logistics and Supply Integrated Supply Chain and Logistics, Kennametal, as he discusses the challenges his company faces in gaining full visibility of supply and demand, and in dealing with increasing supply chain volatility. This global manufacturer of surface-cutting tools, with headquarters in western Pennsylvania. The company’s biggest pain point, he says, is managing assets.

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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What is the Biggest Blind Spot in Your Supply Chain?

Talking Logistics

In countless surveys over the past decade, manufacturers and retailers rank “improving supply chain visibility” as one of their top priorities. Yet, despite their focus on this effort and advancements in technology, achieving timely, accurate, and complete supply chain visibility remains an elusive goal for many companies. Supply chain networks are reconfiguring at a rapid pace, so the challenge of connecting to new trading partners is ongoing.

Still Think Dangerous Goods is Just Paperwork and Labels?

Talking Logistics

It’s unfortunate (and risky), but Dangerous Goods often doesn’t get the focus that it deserves, or management just does not fully understand what it takes to be compliant and the overall impact of compliance on the organization,” states the Outlook report. As I wrote more than three years ago in A New Era for Global Trade Management Software? : But that’s exactly what we do to manage our global trade operations.

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