Supply Chain Risk Management: Revisiting Ericsson

SCM Research

Norrman & Jansson’s (2004) case study on Ericsson’s supply chain risk management (SCRM) practices is definitely part of the canon of SCM literature. The results can now be found in our new article, The Development of Supply Chain Risk Management over Time: Revisiting Ericsson. The Development of Supply Chain Risk Management over Time: Revisiting Ericsson.

Another Way to Think About Supply Chain Risk Management

ToolsGroup

Now we apply this same macro-agility and micro-agility concept to risk management. In the era of the global supply chain, many companies think about risk management in terms of “ macro agility ”—their ability to anticipate the likelihood of, and develop readiness plans for, major crises that impact the chain, like geopolitical instability and extreme weather. Forecasting Demand and Analytics Supply Chain Planning

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Coronavirus: Supply Chain Risk Management Back in Spotlight

Talking Logistics

The coronavirus, which the World Health Organization (WHO) declared a global health emergency last week, is starting to have an impact on supply chains. Read more Coronavirus: Supply Chain Risk Management Back in Spotlight. The post Coronavirus: Supply Chain Risk Management Back in Spotlight appeared first on Talking Logistics with Adrian Gonzalez. Industry Trends Supply Chain Risk Management coronavirus John J.

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.

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.

Transportation Risk Management: Keep Your Cargo Out of Danger

Logistics Viewpoints

Omni-channel business models often lead to more complicated global supply chains. With the main focus on maximizing time and cost efficiencies, cargo risk management is often skipped over despite being a critical step in protecting your company. Due to the global outbreak of the coronavirus, many global shippers are recognizing the value in a risk management plan to best prepare themselves for the current situation and others like it in the future.

Supplier Risk Management Considerations for the Coronavirus Outbreak

ivalua

Beyond this enormous human toll, the Coronavirus and the efforts to control the spread of the virus is being felt throughout the world’s supply chain. 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 mapping should include evaluating those key tier 2 and tier 3 suppliers as well as key logistics hubs that could be impacted. .

Watch: Supply-Chain Risk Management in the New (Ab)normal

Supply Chain Brain

Yossi Sheffi, Elisha Gray II Professor of Engineering Systems & Director of the MIT Center for Transportation and Logistics, discusses his new book, The New (Ab)Normal: Reshaping Business and Supply Chain Strategy Beyond Covid-19

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.

Supplier Risk Management: 4 Things To Look Out for During On-Site Evaluations

Cerasis

This post is the second in a series of “How to Spot Supplier Risk.” ” In the process of business procurement and especially in the supply chain, supplier risk management is a skill set that needs focus day in and day out. Enhancing Supplier Risk Management Through On-Site Evaluations. The second article in our series on identifying supplier risk explores what to look for during on-site evaluations.

Supply Chain Risk Management: Visibility is the Key

Talking Logistics

I like to say that supply chain management is synonymous with risk management, and the risks are growing every day, everything from natural disasters to cyberattacks. Unfortunately, many companies are falling short in managing these risks effectively. Many companies do not recognize the risks they’re facing mainly because things have only gone wrong in a small way, in a way that they could manage [quickly and easily] and it’s no big deal.

Forced Labor in Supply Chains: The Problem Persists

Talking Logistics

trade blacklist of entities Washington says are linked to human-rights abuses of the Uighur minority group in Xinjiang is entangling major brands and likely to further a reordering of supply chains that feed American consumers,” write Dan Strumpf and Liza Lin in the Wall Street Journal.

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.

Supply Chain: The True Game of Risk

Supply Chain Shaman

One of my favorites was the board game Risk. ” The rules have changed, and the risk increased. For the supply chain leader it is not a game… The stake is business continuity. Gamers do well in the world of supply chain. Designing value networks and managing what-if conditions is fundamental to managing supply chain risks. The move from global to regional supply chains increased risks.

Supply Chain Mapping (Insights from Indago)

Talking Logistics

” The coronavirus outbreak has put supply chain risk. Read more Supply Chain Mapping (Insights from Indago). The post Supply Chain Mapping (Insights from Indago) appeared first on Talking Logistics with Adrian Gonzalez.

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. ” Aside from national security implications, the main lesson to be learned here is how vulnerable companies are to risks associated with their supply chains. ” He also acknowledges that under-investment in supply chain risk management is understandable.

Reshaping Supply Chain and Logistics for Resilience

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 Next Supply Chain Revolution

Logistics Viewpoints

I’ve been researching and writing about supply chain management for 20 years. I’ve seen a number of supply chain “revolutions” In the first revolution, the concept of supply chain, as opposed to logistics, was put forth. Constraint based optimization tools for the extended supply chain were developed to support the new philosophy.

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. 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. Supply Chain and Design.

Getting Through the COVID-19 Crisis: Advice for Supply Chain and Logistics Professionals

Talking Logistics

Back in December, when we were making supply chain and logistics predictions for 2020, none of us envisioned the situation the world finds itself in today due to the COVID-19 pandemic. When it’s all said and done, there will be many lessons learned, but the question right now is: How can supply chain and logistics. Read more Getting Through the COVID-19 Crisis: Advice for Supply Chain and Logistics Professionals.

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. Problems managing payments and hitting supply chain finance goals.

Budget Planning 2021: 5 Supply Chain Recommendations

Talking Logistics

The effects of COVID-19 on North American business are creating supply chain challenges into the second half of 2020. Read more Budget Planning 2021: 5 Supply Chain Recommendations.

6 Supply Chain Disciplines to Enable Profitable Growth

Talking Logistics

How can supply chain management enable profitable growth? Getting to the answer requires retailers to take a broader, more strategic perspective of supply chain management, one that goes beyond defining supply chain excellence only in terms of cost reduction and control. Below is an excerpt from the section on Supply Chain Visibility. — Supply Chain Visibility.

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.

Creating a Resilient Supply Chain

Logistics Viewpoints

Today we recognize that the supply chain is a source of strategic advantage. In our quest to drive scale and reduce costs, we have architected supply chains spanning the globe. However, as these supply chains become increasingly globalized, they are also more vulnerable to disruption. The post Creating a Resilient Supply Chain appeared first on Logistics Viewpoints. Logistics Trends Supply Chain Risk Management resilient supply chai

China 94

The Common Thread in Supply Chain Disputes

Talking Logistics

Earlier this year on Talking Logistics , I spoke with Sarah Rathke, a partner at the international law firm of Squire Patton Boggs LLP. Her practice focuses on litigating supply chain disputes, and she also advises businesses on supply chain issues and maintaining productive supply chain relationships. We kicked off the conversation by discussing a great example of a supply chain relationship that went wrong: Apple and GT Advanced Technologies.

Balancing Efficiency and Resilience in Multimodal Supply Chains

SCM Research

In his new report, titled Balancing Efficiency and Resilience in Multimodal Supply Chains , McKinnon (2018) writes: “Over the past twenty years, supply chain resilience has become a hot topic in industrial, government and academic circles – for good reason. A call for papers deals with supply chain resilience. Balancing Efficiency and Resilience in Multimodal Supply Chains.

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.

The Mechanisms of Supply Chain Resilience

SCM Research

Two ingredients are needed to create supply chain resilience: robustness, which is proactive, and agility, which is reactive. The Influence of Relational Competencies on Supply Chain Resilience: A Relational View. International Journal of Physical Distribution & Logistics Management, 43 (4), 300-320 DOI: 10.1108/IJPDLM-08-2012-0243.

Certainly, Maybe: Dealing with Supply Chain Uncertainty

Talking Logistics

That’s always the case, I know, especially when it comes to supply chain and logistics, where the uncertainty dial is always turned up to 11. The post Certainly, Maybe: Dealing with Supply Chain Uncertainty appeared first on Talking Logistics with Adrian Gonzalez. Industry Trends supply chain design supply chain learning Supply Chain Risk Management uncertainty

SCRC Meeting April 27-28 on Supply Chain Risk: Building a Risk Management Capability

Supply Chain View from the Field

We are in the last stages of planning for our upcoming 31st Semi-Annual Supply Chain Resource Cooperative (SCRC) Meeting on Monday and Tuesday, April 27-28, 2015 at North Carolina State University. The theme of the general meeting will focus on a topic of great interest to supply chain professionals at every level of the organization: “ Creating a Supply Chain Risk Management Capability.”. Director of Value Chain Management, Merck & Co.,

Future Research Themes in Supply Chain Management

SCM Research

What are the future dominant research themes in supply chain management? In my new article, Mapping the Landscape of Future Research Themes in Supply Chain Management , co-authored with Robert Handfield and Christian Durach and published in the Journal of Business Logistics, we make an attempt to answer this important question. This list is led by sustainability and risk management instead.

Future Research Themes in Supply Chain Management

SCM Research

What are the future dominant research themes in supply chain management? In my new article, Mapping the Landscape of Future Research Themes in Supply Chain Management , co-authored with Robert Handfield and Christian Durach and published in the Journal of Business Logistics, we make an attempt to answer this important question. This list is led by sustainability and risk management instead.