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.

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.

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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: 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.

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.

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.

If Multi-sourcing is a Best Practice, Why Are so Few Companies Doing It?

Logistics Viewpoints

Because of the pandemic, risk management 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. This best practice urges companies to examine not just the cost of the sourced products, but also to understand the risks associated with not multi-sourcing key components. The post If Multi-sourcing is a Best Practice, Why Are so Few Companies Doing It?

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: 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.

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.

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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.

Guide For Supply Chain Risk Management - How to Identify, Validate, and Assess

EFT

Insurance companies talk about supply chain risk in terms of assets. Others talk about sources for particular products. These diverse interpretations make identify risks more challenging. Surprisingly, many supply chain risk discussions exclude the actual supply chain. They do not recognize logistics infrastructure, logistics service providers, and how products move through supply chains.

Made in “I Really Don’t Know”

Talking Logistics

In this week’s Ripped from the Headlines segment, another example of how many companies still have poor visibility and control of their end-to-end supply chains. As reported in USA Today : [In a sourcing practice nicknamed “China plus one”], big brands like Rip Curl send their specifications — what they want made and how much they’re willing to pay for it — to sourcing agents, who find factories that agree to fulfill them. Why Supply Chain Mapping Matters.

Efficient Financing Options Help Enhance Factory Standards in Emerging Markets

Logistics Viewpoints

The financial supply chain needs more attention than it usually gets. Traditionally, the focus of supply chain management is on the movement of finished goods and raw materials across the value chain. The post Efficient Financing Options Help Enhance Factory Standards in Emerging Markets appeared first on Logistics Viewpoints: A Blog for Logistics, Supply Chain, and 3PL Executives.

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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 Supply chains are fragile systems. This week, as reported by Reuters, a different type of storm disrupted supply chains: “trucks delivering goods from Mexico to the United States are facing up to 12 hours of gridlock, drivers said, after a transfer of [750] U.S. What should supply chain professionals do in response?

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When You Focus on Getting the Best Deal Insead of Developing the Best Relationship

Talking Logistics

And how can General Motors let this relationship with a single-sourced, critical parts supplier deteriorate and fail? Probably for the same reason so many 800-lb gorillas get themselves into this situation: instead of taking a Vested approach to supplier relationship management , they remained a penny wise and pound foolish. Coincidently, Yossi Sheffi at MIT published a post on LinkedIn yesterday titled Second Thoughts on Second Sourcing that relates to the GM situation.

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.

From Hurricanes to Overthrown Governments to Potholes: Transportation and Supply Chain Resilience

Talking Logistics

When referring to supply chain resilience, the causes of disruption vary widely in scale and emphasize the unpredictability and severity of the events. We know transportation plays an important role in the supply chain – it’s the line in a flow diagram between the little buildings and smoke stacks – and transportation disruptions happen on a daily basis. Guest Commentary Guest Commentary - LeanLogistics Supply Chain Risk Management LeanLogistics resilienc

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., 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.”. and Why Supply Chain Mapping Matters ).

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. 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. Do You Have a “Top 25″ Supply Chain?

3PLs, What’s More Valuable Than Another Twitter Follower?

Talking Logistics

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). Supply Chain Risk Management Challenges Companies Face (Source: Adelante SCM). Source: Adelante SCM web survey, 2011.

Second Thoughts on Second Sourcing

Supply Chain @ MIT

Not keeping all of your eggs in one supply basket is an appealing strategy to increase supply chain resilience. Featured Resilience Logistics clusters MIT CTL rapid recovery from disruptions supplier strategies supply chain risk management Yossi SheffiBut it’s not always effective. Aero engine maker Pratt & Whitney has doubled up suppliers in an effort to avoid interruptions to the production of its new turbofan engine.

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. bankruptcy caused a major impact not just to logistics and shipping, but to the underpinning global supply chain and its sourcing operations. Hanjin Shipping Co. It has left nearly 80 ships with almost 500,000 containers offshore, with goods worth over $14 billion marooned at sea.

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. The challenge is becoming even more daunting as Kennametal moves into the developing world, its most promising source of new business.

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.

Supply Chain Risks: Which Are Top of Mind Today?

Talking Logistics

If you were to add a subtitle to every supply chain professional’s job description it would be Risk Manager or Risk Mitigator. The reality is that supply chain management is not just about managing orders and transportation and inventory — it’s about doing all those things while also navigating through the many risks that could disrupt your supply chain or bring it to a halt.

Supply Chain Risk and My Online Order

Talking Logistics

This is typically when I order a tequila in frustration and my mind goes into overdrive asking the basic question: What are the risks in their supply chain? . Could political risk impact my cologne order? Is it possible these things have impacted the sourcing, manufacturing, and delivery of my cologne? At a macro level, political and economic risk that affect supply and demand curves are viewed as Trade Balances between countries and GDP.

Tariffs and Trade War: What Should Supply Chain Executives Do?

Talking Logistics

It’s not like there aren’t already enough risks and disruptive forces in supply chains and logistics. Why should supply chain executives care about these threats? Those are some of the questions I explored with Toby Brzoznowski, Co-Founder and Chief Strategy Officer at LLamasoft , in a recent episode of Talking Logistics. Supply chains today are very complex and global, with suppliers and customers in many countries,” explained Toby. “As

Using Modeling and Analytics to Design a Resilient Supply Chain

Talking Logistics

Supply chain optimization is a widespread term, but did you know that an optimized supply chain is not necessarily a resilient one? Seventy-four percent of businesses experienced at least one supply chain disruption in last 12 months, and 38 percent reported a loss in revenue¹. Supply chain resiliency focuses on designing your business and supply chain to quickly bounce back from disruptions.

Mitigating the Effect of Natural Disasters on Your Supply Chain

Talking Logistics

It has certainly been evident this year that natural disasters can significantly disrupt the supply chain. Through new optimized reporting capabilities, shippers and logistics providers are able to better analyze the potential effect of a natural disaster on their transportation network. Predictive Analytics Enabling Risk Mitigation.

Supply Chain Disruptions: A Survival Guide - SupplyChainOpz

Supply Chain Opz

Supply Chain Disruptions: A Survival Guide. Do you feel supply chain risk management is too complicated to implement? This article will show you how one of the worlds leading companies put a theory into practice and survive many supply chain disruptions. Its OK if you feel overwhelmed by supply chain risk theories because youre not alone. There are so many sophisticated methods to analyze supply chain risks.

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 ).