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In February, Klaus Niebur, the director of global supplychainriskmanagement at Autoliv, and Jan Thiessen, the managing director at targetP!, spoke on best practices on supplychainriskmanagement at ARC Advisory Group’s Digital Transformation in Industry conference.
With peak shipping season approaching, companies continue to face supplychainrisk as the pressure increases to meet customer and delivery expectations without adding cost. These are the top challenges that are driving increased interest in and demand for consulting and managed services.
states, obvious disruptions to supplychains and supplychainriskmanagement were a given. Many of the states affected contained key ports and supply destinations, as well as transportation and logistics hubs. Don’t let your supplychain get blown away by any category of winds.
The company, heavily invested in Canadian manufacturing, faced a crisis because its raw materials were sourced from outside North America, disqualifying it from USMCA tariff exemptions. Establish inventory reserves in key markets to avoid supplychain disruptions.
Because of the pandemic, riskmanagement surrounding sourcing has become top of mind. Companies need to ensure they have alternate sources of supply that can ramp up to the volumes needed. The post If Multi-sourcing is a Best Practice, Why Are so Few Companies Doing It?
In order to effectively managerisks in the current unstable global marketplaces, many suppliers have a thorough understanding of their own suppliers as well as supplychain bottlenecks that extend past the top tier of suppliers. Nari Viswanathan is Sr.
For years, supplychains were engineered to be lean. Reducing cost was the primary objective, and most operational decisionsfrom sourcing to fulfillmentreflected that mindset. Recent years have brought a series of disruptions that exposed vulnerabilities in how supplychains are designed.
Technology Integration : Use of technology in logistics, inventory management, and supplychain tracking has helped improve efficiency and transparency. Sustainability : Amul focuses on sustainable practices, promoting eco-friendly methods among farmers and minimizing waste throughout the supplychain.
The post Efficient Financing Options Help Enhance Factory Standards in Emerging Markets appeared first on Logistics Viewpoints: A Blog for Logistics, SupplyChain, and 3PL Executives. Procurement/SourcingSupplyChain Planning SupplyChainRiskManagement financial supplychain GT Nexus IFC'
Customer service, parts shortages, unprecedented inventory growth, and warrant management can actually take up internal sources and affect profit margins. Source: Vietnam Briefing. LogiSYM SupplyChain Magazine – December/January 2021. Ecommerce businesses are being overwhelmed by these concerns.
When it comes to supplychainriskmanagement, however, vigilance is always required. The SupplyChain Quarterly reminds us, “Supplychain challenges aren’t over yet.”[1] SAP researchers said the move to a ‘just in case’ supplychain will lead to higher costs.”
Companies use riskmanagement software , like the Interos solution, to monitor and analyze supplier risk events in real time. Almost all supplychain software companies are talking about how they are incorporating generative AI into their solutions and how this could improve user interfaces.
Welcome to part three of our AI in SupplyChain blog series. In this blog, we explore the different types of predictive AI models for supplychainriskmanagement. In this blog, we explore the models used in Resilinc’s predictive AI and explain how they help streamline supplychainriskmanagement.
Thirdly, all the COVID supply disruptions brought home the need for better supplychainriskmanagement. Riskmanagement had been a hard sale. Companies typically embrace improved supplychainriskmanagement after a disaster – after the horse had already fled the burning barn.
I think it’s in failing to have a supplychainrisk strategy,” said Phil Lavin, Development Consultant IT at Siemens Postal Parcel & Airport Logistics, in a recent episode of Talking Logistics. Even large corporations that might already have a riskmanagement strategy face a daunting challenge.
It introduced the survey we had just launched to determine the perceptions, priorities, and strategic initiatives of today’s supplychain and logistics executives. I believe our findings capture the pulse of North America logistics operations and the executives’ perceptions and priorities going into the second half of 2023.
SupplyChainRiskManagement Solution from riskmethods. If I was asked to vote for the most interesting solution set that has come to the fore over the last few years, my vote would be for supplychainriskmanagement solutions. SupplyChainRiskManagement Vendors.
Discover how Ivalua’s SupplyChain Collaboration solution empowers you to work more closely with suppliers, reduce risk, and build a more agile, connected supplychain. Procurement vs. SupplyChainManagement: What’s the Difference?
Over the past two years, I’ve written extensively about the growing importance of supplychainriskmanagement and supplychain mapping. See for example: Rethinking SupplyChainRiskManagement. Doing Nothing on SupplyChainRiskManagement.
Brent crude oil prices Dec 2009 – Dec 2014 (Source MoneyAM.com). I use this example to illustrate the challenges (or, perhaps, the futility) of making supplychain and logistics predictions. For related commentary, see: In Logistics, Somebody Has to Own the Assets. The Google TMS?
Meanwhile, supplychainriskmanagement solutions can be used to monitor the financial health of upstream vendors so that alternative sources of supply can be secured promptly if key vendors are in trouble.
I have long argued that third party logistics providers (3PLs) should set themselves apart from the competition by fully harnessing the power and value of their customer and employee communities (see “ If Operational Excellence is a Given, Then What Else Matters for 3PLs? ” Robinson is a Talking Logistics sponsor).
But if the supply is totally cut off, the impacts will be dire. Graph of Russia War SupplyChain Interdependencies. Interos, a company providing supplychainriskmanagement solutions, did an analysis of likely impacts on the global raw material and commodity supplychains.
” There are, however, some well-known dragons supplychainriskmanagers will continue to encounter. ”[2] It’s not just supplychains that are realigning, columnist Ezra Klein insists the whole world is realigning. SupplyChain Restrictions. ” Reputational risk.
Read more The post Some SupplyChain Lessons Are Never Learned appeared first on Talking Logistics with Adrian Gonzalez. The unexpected lack of fasteners marks the sort of test Boeing will face in coming years as.
What is supplychainriskmanagement? Supplychainriskmanagement is the process of identifying and managing issues within a supplychain. ordinated approach to implementing strategies to manage both daily challenges and unique risks.
Back in December, when we were making supplychain 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 supplychain and logistics.
In a statement on Sunday, GM was quick to note that it did not have a direct relationship with Zhongrong , which it described as a Tier 2 supplier, and added that Tier-1 suppliers such as Dicastal are “required to source from Tier-2 suppliers who must meet both in-country environment and safety standards as well as quality standards.”.
I discussed the risks and complexities of international transportation in a recent episode of Talking Logistics with Russ Romine, VP of Global Transportation Services at LEGACY SupplyChain Services (a Talking Logistics sponsor). Here’s what he said: It starts with sourcing.
In Part One of the series , Michael observed that standard sourcing solutions struggle in efforts to support direct materials sourcing because of specific challenges in the software design and why. Much of this has to do with needs for deep integration and two way flow of data streams.
Today we recognize that the supplychain is a source of strategic advantage. In our quest to drive scale and reduce costs, we have architected supplychains spanning the globe. However, as these supplychains become increasingly globalized, they are also more vulnerable to disruption.
Earlier this month in the post titled What Does 2023 Have In-Store for Global SupplyChains? , I informed our readers that ARC Advisory Group/Logistics Viewpoints is conducting a survey to determine the perceptions, priorities, and strategic initiatives of today’s supplychain and logistics executives.
As a supplychain practitioner, do you notice something missing? Where is the supplychain nodes? 3PL’s, Contract Manufacturing, Suppliers, Logistics providers…. SupplyChains have primarily stayed on the outside of this challenge. What if the next great supplychain disruption was….
But before I bring out the lawn mower and tool box, here’s the supplychain and logistics news that caught my attention this week: Mondelez Says Cyberattack Cost it Business (WSJ – sub. AscendTMS Launches Commission System In Logistics TMS Software. Source: Walmart. ACT Research: N.A.
Learn the supplychainriskmanagement maturity model stages from Supplier RiskManagement to antifragility. The way that businesses talk about (and manage) supplychains is changing rapidly. Supplier RiskManagement What is Supplier RiskManagement (SRM)?
Enter the future of AI in supplychain. In this new multi-part blog series, we address the possibilities of supplychain AI and how new capabilities and machine learning algorithms are revolutionizing supplychainriskmanagement (SCRM).
This kind of disruption causes major dislocation in the sources of demand and shifts the centers of gravity for demand, forcing organizations to rethink their supplychain design. There are just three of the many more disruptive forces with knock-on effects across the global supplychains.
At the heart of these strategies is a transportation management system that allows you to employ and maintain the mechanisms of resilience. A TMS enables the collection of data from your supplychain through integration with data sources and interfaces that are available to your partners.
These solutions use natural language processing, for example, to read online publications and other data sources, make sense of what they read, contextualize the data into information, and report supplychain disruptions caused by weather, geopolitical events and other hazards in near real-time.
We are entering an era where it is becoming possible to detect supplychainrisks much more quickly. In a discussion with AGCO’s Jan Theissen, Director of Strategy and Methods, and Jake Stone, Manager of SupplyChainRisk and Contract Management, I learned about this public, Atlanta headquartered corporation’s […].
In this video hear, Gary Dietz, Manager, Global Logistics and Supply Integrated SupplyChain and Logistics, Kennametal, as he discusses the challenges his company faces in gaining full visibility of supply and demand, and in dealing with increasing supplychain volatility.
Global supplychainriskmanagement continues to evolve and embodies a consideration of possibilities and outcomes by supplychain executives totaling in the millions. That’s where the crossroads of a tech-driven approach to solving the challenges of supplychainriskmanagement lie.
Moving on to this week’s supplychain and logistics news… Truckers gridlocked at U.S.-Mexico What should supplychain professionals do in response? Robinson (a Talking Logistics sponsor), shared some good advice in a blog post this week. req’d) DSV to Buy Panalpina in $4.6
In the meantime, here’s the supplychain 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. And with that, have a happy weekend!
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