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.

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. Brown logistics supply chain

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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

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.

Chipotle: The Latest Example of Why Supply Chain Risk Management Matters

Talking Logistics

Why is supply chain risk management important? A key priority for Chipotle moving forward has to be improving its supply chain visibility, which based on comments reported in the Wall Street Journal last week , appears to have some blind spots. Another priority for Chipotle has to be improving its supply chain risk management capabilities, which is one of six fundamental disciplines for achieving supply chain excellence.

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 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.

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.

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.

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.

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. Read more Forced Labor in Supply Chains: The Problem Persists. The post Forced Labor in Supply Chains: The Problem Persists appeared first on Talking Logistics with Adrian Gonzalez.

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.

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

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

Start Planning for the Coronavirus Now! 20 Things to Keep in Mind

Logistics Viewpoints

20 Things to Keep in Mind appeared first on Logistics Viewpoints. Supply Chain Risk Management coronavirusStart making your contingency plans for coronavirus immediately. Here are 20 things to keep in mind. The post Start Planning for the Coronavirus Now!

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.

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. The post Budget Planning 2021: 5 Supply Chain Recommendations appeared first on Talking Logistics with Adrian Gonzalez. The ability for organizations to respond to these challenges will determine the strategies required to maintain profitable performance in 2021.

How Fast Can We Go Back to Work?

Logistics Viewpoints

Our disaster preparedness capabilities, and the supporting supply chains, will help to determine the answer to that question. appeared first on Logistics Viewpoints. Supply Chain Risk Management supply chain resiliency

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. appeared first on Logistics Viewpoints. Supply Chain Risk Management multi-sourcing

Worker Safety: Decontamination Robots to the Rescue

Logistics Viewpoints

The post Worker Safety: Decontamination Robots to the Rescue appeared first on Logistics Viewpoints. Supply Chain Risk Management Sustainability worker safetyWorkers across many industries don't feel safe during this pandemic. Autonomous mobile robots emitting UV light can help kill COVID-19 microbes and keep workers safe.

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.

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.

Force Majeure in the Time of Coronavirus

Talking Logistics

Force Majeure in the Time of Coronavirus” is still being written, but even though it won’t be as entertaining as Marquez’s book, it will be an important read for supply chain and logistics professionals. Supply chain partners commonly allocate. The post Force Majeure in the Time of Coronavirus appeared first on Talking Logistics with Adrian Gonzalez. “Love in the Time of Cholera” is one of my favorite books by Gabriel Garcia Marquez.

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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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.

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

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

EFT

Insurance companies talk about supply chain risk in terms of assets. 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. As a result, they overlook risks. Supply Chains.

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.

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.

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. 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. Every day, the COVID-19 situation continues to evolve.

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