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.

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] Smith insists, “The business case for supply chain risk management investment needs to be made convincingly and robustly to justify investment.”

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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

This Week in Logistics News (February 23-27, 2015)

Talking Logistics

Moving on to this week’s supply chain and logistics news… Target Lowers Free Shipping Minimum to $25 for Online Orders. DHL launches next phase Resilience360 risk management tool to help customers avoid global disasters. These trends, in turn, are putting tremendous pressure on supply chains to not only meet the more stringent expectations of consumers, but to do so profitably. What can you do with 102 inches of snow?

This Week in Logistics News (September 12-16, 2016)

Talking Logistics

Are you attending the Council of Supply Chain Management Professionals (CSCMP) Annual Conference later this month (September 25-28 in Orlando, FL)? If so, I invite you to attend two of the sessions that I am participating in, both related to transportation management: TMS 4 SMB: A Case Study with Carhartt. Many products are within the category of optimizers for supply chain needs. bound ship is being held ‘hostage’ (Reuters).

Top 10 Talking Logistics Videos and Posts in 2017

Talking Logistics

As 2017 comes to an end, a quick thank you to all of our readers, followers, and sponsors for another great year of learning and conversation on Talking Logistics. The numbers speak for themselves: 43 episodes produced in 2017, totaling more than 1,200 minutes of conversations with thought leaders and newsmakers in the supply chain and logistics industry. Again, thank you for making this another fun and rewarding year on Talking Logistics.

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Hanjin Bankruptcy: A Ripple Effect from Shipping into the Supply Chain

Resilinc

Just over a month ago, Hanjin Shipping Co, the world’s 7 th largest shipping and Logistics Company in the world, filed for receivership on August 31, 2016. Hanjin Shipping Co. bankruptcy caused a major impact not just to logistics and shipping, but to the underpinning global supply chain and its sourcing operations. It has left nearly 80 ships with almost 500,000 containers offshore, with goods worth over $14 billion marooned at sea.

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.,

This Week in Logistics News (January 4-8, 2016)

Talking Logistics

In the meantime, here’s the supply chain and logistics news that caught my attention this week: EU Approves FedEx Acquisition of TNT Express ( WSJ – sub. INTTRA Collaborates with JDA Software for Streamlined Transportation Management. LoJack SCI and TransVoyant Partner to Deliver Supply Chain Risk Alerting. Transervice Announces Launch of Tech-Based Freight Management Company.

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This Week in Logistics News (April 1-5, 2019)

Talking Logistics

Moving on to this week’s supply chain and logistics news… Truckers gridlocked at U.S.-Mexico Mexico line as border agents moved (Reuters) Global trade growth loses momentum as trade tensions persist (WTO) Shipping Comes to Terms With $50 Billion Clean-Fuel Bill (WSJ – sub. Supply chains are fragile systems. What should supply chain professionals do in response? “I’m worst at what I do best.”.

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The Day a Cyber Attack Brings the World’s Supply Chains to a Halt

Talking Logistics

“FedEx and UPS have ground to a complete standstill today due to what they say is a virus in their logistics shipping software…blaming the hacking group Anonymous after they declared their intention to punish shipping companies for halting shipments of flu vaccines into China. Cyber risk and security is getting more attention from the ocean shipping community too.

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.

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

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. Try to keep the amount freight that’s shipped out over weekends to a minimum, or work with your carriers to avoid prolonged stretches in drop yards. 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 (November 11-15, 2013)

Talking Logistics

University of Maryland Selects Resilinc as Supply Chain Risk Partner. According to Jeff Starecheski, Vice President Logistics Services at Sears Holdings, “Customer service is of paramount importance to Sears Holdings, our members and customers. As I’ve written and spoken about many times this year, many companies are falling short on supply chain risk management , which is having a negative impact on their financial performance and eroding their market share.

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.

New Lithium-Ion Battery Shipping Regulations Can Impact Electronics Supply Chains (Part 2)

Resilinc

In part 1 of this blog, we examined lithium-ion batteries in the supply chain context and examined the recent ban's stipulations. In Part 2, we discuss why many shippers and advocacy groups disagree with the prohibition, what this ban can mean to supply chain and procurement professionals, and provide next steps for those potentially affected. supply chain visibility supply chain resiliency supply chain risk management logistics

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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Canadian Ports: A Fast Lane for Asia-U.S. Imports?

Talking Logistics

As the WSJ article reports, “In one example of that surge in demand, a container terminal operator at Port Metro Vancouver in August told its customers it didn’t have enough railcars to ship Asian goods to the U.S. As I said at the time, when you stand back and think about it from a supply chain risk management perspective, being in a situation where just 800 clerks can shut down the main entry point for about 40 percent of U.S. While the delays at the U.S.

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Identity Theft, Trucking Style

Talking Logistics

Then the con artists offer low bids to freight brokers who handle shipping for numerous companies. Here are my three simple tips to prevent cargo theft in general (or at least minimize the risk): 1. The longer a loaded trailer or container sits unattended, the higher the risk for theft. And you should collect data on where (and for how long) loaded trailers/containers sit along your supply chain to understand where you face the greatest risk for cargo theft.

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New Lithium-Ion Battery Shipping Regulations Can Impact Electronics Supply Chains (Part 1)

Resilinc

This is part 1 of a 2-part blog addressing the International Civil Aviation Organization's (ICAO) recently enacted ban on the shipment of lithium-ion batteries as cargo consignments on passenger planes and the associated supply chain risks of such provisions. In part 1, we look at the lithium-ion battery supply chain in context and examine the ban stipulations. supply chain visibility supply chain resiliency supply chain risk management logistics

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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Trade Compliance: Still Think It’s Just Paperwork?

Talking Logistics

Still managing it with Excel spreadsheets? An article in the Wall Street Journal last week by Henry Cutter ( Whistleblower Lawyers See a Growth Area: Customs Fraud ) is another reminder of why trade compliance is not just paperwork or a low-priority cost center hidden in the basement of your company — it’s a high-risk, strategic business process that is only getting riskier and more complicated. Managing Trade Compliance with Excel Spreadsheets.

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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Ground-Level Views of Risk Management

Supply Chain @ MIT

Supply chain disruptions hit on multiple levels. But a key feature of effective response efforts that emerged during a recent gathering of supply chain risk experts organized by MIT CTL is aligning the company’s reaction to the scale of the disruption. A logistics services provider has three levels of response. The company’s third response structure is supply-chain based.

This Week in Logistics News (July 2-6, 2018)

Talking Logistics

In the meantime, here’s the supply chain and logistics news that caught my attention this week: Trump launches opening salvo in US trade war as tariffs kick in. Logistyx Technologies Acquires Transparix to Support and Enhance Its Industry-Leading Parcel Shipping SaaS Solution. In fact, some companies have started to modify their supply chain networks and investment decisions in response (e.g., What should supply chain executives do now?

Hurricane Florence, Disaster Recovery Logistics Planning and TMS Solutions

Supply Chain Collaborator

TMS solutions and associated logistics IT tools are a critical part of any successful volume shipper’s supply chain risk management plan. Hurricane Florence is presently testing the mettle of the logistics management technologies used by shippers at the epicenter of natural disaster recovery – food/beverage shippers, building materials shippers, energy shippers and others.

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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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Google Will Acquire a 3PL – And Other Supply Chain and Logistics Predictions for 2015

Talking Logistics

“We will see $300 a barrel — or roughly $250 in today’s dollars — because oil supply will be so short. That will be in 2015, after the peak of oil [supply].”. I use this example to illustrate the challenges (or, perhaps, the futility) of making supply chain and logistics predictions. The EIA now expects that “global liquid fuels supply will continue to outpace consumption, resulting in an average stock build of 0.4

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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?

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

Cerasis

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.