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 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.

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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 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.

This Week in Logistics News (June 20-24, 2016)

Talking Logistics

A beautiful woman passed away this morning, my wife’s aunt who we all loved, so I will be brief with my comments about this week’s supply chain and logistics news. Logistics in Transition: U.S. Business Logistics Costs Slow Considerably with 2.6% Behind those Amazon Prime boxes, a bull market in warehouses (Reuters). HighJump Adds Supply Chain Analytics to Enterprise Software Suite. business logistics costs rose to $1.48

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. in Series A to Bring Real-Time Visibility to the Supply Chain via APIs.

This Week in Logistics News (January 19-23, 2015)

Talking Logistics

In other news… Elemica Awarded 2nd Patent on Supply Chain Operating Network. Ryder First in Supply Chain Industry to be Awarded SAFETY Act Certification from U.S. As I’ve said in the past, I believe many companies will find opportunities for supply chain innovation at the intersection of Software, B2B Connectivity, and Social Networking. Department of Homeland Security (DHS) for its global supply chain security program.

This Week in Logistics News (April 28 – May 2, 2014)

Talking Logistics

In this week’s news… JDA Software Announces Industry-Leading Distribution-Centric Supply Chain Suite. Resilinc Announces SupplyIntel Corporate Social Responsibility (CSR) Module to Protect Against Brand Risk. Supply Chain Council to Merge with APICS. XPO Logistics Announces First Quarter 2014 Results. DOT Secretary Foxx sends transportation bill to Congress (Logistics Management). and What defines supply chain advantage?

Three Reasons to Give Advanced Track and Trace Capabilities a Fresh Look

Logistics Viewpoints

Inventory Management Reverse Logistics Supply Chain Risk Management Warehouse Management Systems The need for track and trace capabilities in industries such as food and beverage, manufacturing or automotive industries is obvious: the threat of contamination or recalls impacts public safety, and the responses to those events are highly regulated. Organizations need to know what goes into their products and their location at all times.

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.

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. Holiday weekends and the weeks leading up to the Black Friday retail shopping holiday are prime times for organized crime groups to target the trucks, warehouses, and distribution centers that send or receive those goods. Remember that freight at rest is freight at risk. Christopher McLoughlin is Risk Manager at C.H.

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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. Ocado to wheel out C3PO-style robot to lend a hand at warehouses (The Guardian). Cloud Logistics Announces Record Revenue, Growth and Innovation for 2017. HERE and FreightVerify partner to optimize the automotive industry supply chain. What can I do if I have writer’s block?

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.

Still Think Dangerous Goods is Just Paperwork and Labels?

Talking Logistics

In fact, according to a survey conducted by Labelmaster and Hazardous Cargo Bulletin — The Global Dangerous Goods Confidence Outlook — more than one-quarter of the respondents are still doing dangerous goods compliance manually and they’re not even using general shipping or warehouse software or systems provided by carriers. As I wrote more than three years ago in A New Era for Global Trade Management Software? :

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Updated IT Subway Map: Major acquisitions in SC software

Supply Chain Movement

The supply chain software industry is in a considerable state of flux. as the advance of e-commerce continues, companies with an omnichannel approach are increasingly implementing specific order management systems. furthermore, because the continuing growth in outsourcing is making global businesses ever-more susceptible to disruptions, supply chain risk management software is also on the rise. Risk and Order Management.

Supply Chain and Logistics Conferences to Attend in 2017

Talking Logistics

Editor’s Note: This is one of the most popular posts we publish every year: our list of supply chain and logistics events to attend in the coming year. Many of the leading ERP and supply chain software vendors have customer events in various countries around the world.; Supply chain professionals often cite peer-to-peer learning and networking as the most valuable investment of time and money. 2017 Georgia Logistics Summit , May 16-17, Atlanta, GA.

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 ).

5 Supply Chain Trends You Can’t Ignore (Takeaways from Accellos Conference)

Talking Logistics

I love that question, which is from a blog posting by supply chain executive and consultant Tony Martins, who was my guest on Talking Logistics earlier this year; Tony was also a panelist in the Mega Trends Impacting Supply Chains session I moderated at last week’s CSCMP conference. Many of the customers in attendance were 3PLs, so I framed my presentation around the following five supply chain trends 3PLs (and their customers) can’t afford to ignore.

Supply Chain Risk Blog Series#3: The Role of Regulation

BluJay Solutions

In the last post in our blog series on Supply Chain Risk, we focused on the impact of complexity and the role of contingency planning in managing risk. Now it’s time to consider the role of regulatory requirements and legislation in your supply chain risk planning. . So, which of the myriad of government regulations are pertinent to a company’s risk management strategy?

This Week in Logistics News (July 23-27, 2018)

Talking Logistics

Just another typical week in the world of supply chain and logistics. Amazon wins a patent for robotic arms that toss warehouse items (GeekWire). 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. They did not name the affected organizations, but data seen by Reuters shows many of the world’s best-known firms at risk.

Talking Logistics YOUniversity: Our First Course

Talking Logistics

Talking Logistics was launched as a live, online video talk show focused on supply chain and logistics topics. A year after launching, however, a supply chain executive said to me, “ Talking Logistics is like an online Executive MBA course, with live lectures and guest speakers every week discussing timely and important topics.” Which topics would you like to see as Talking Logistics YOUniversity courses? Transportation Management.

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Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

I will be wrong again,” I stated last year before making my supply chain and logistics predictions for 2017 , and I was right. But I was right with some of my other predictions, especially my prediction that we would see a rise in cyber attacks in 2017, with supply chain and logistics operations becoming new targets. It echoed the title of my September 2016 post, “ The Day a Cyber Attack Brings the World’s Supply Chains to a Halt.”.

Be ready for the drone invasion @ warehouse!

Infosys Supply Chain Management

We have seen a burst of new technologies in supply chain area. Time is ripe to induce more technology into core operations of supply chain like warehouse operations, yard operations and so on. Here I would like to discuss on how to capitalize advances made in drone technology can add value in warehouse operations. Traditional warehouse managers have always been looking for ways to improve productivity of the operations and people in warehouse.

Supply Chain and Logistics Conferences to Attend in 2015

Talking Logistics

Last January, I shared 5 New Year’s Resolutions for supply chain and logistics executives to improve as leaders. As I wrote last year: According to leadership expert Ken Blanchard, “when you stop learning, you stop leading,” and this is especially true in supply chain management. Conferences are a great example of peer-to-peer learning in action, but with so many supply chain and logistics conferences available, how do you decide which ones to attend?

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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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. Why Use Augmented Reality in Your Warehouse or DC? The Impact of SOLAS on Ocean Shipping and Data Management. Sports Authority: Another Not-So-Great Moment in Supplier Relationship Management.

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Supply Chain and Logistics Conferences to Attend in 2016

Talking Logistics

Does it contain a line item for supply chain talent and leadership development? Contrary to what many people believe, investing in employees is not dilutive to a company’s financial results and shareholder value — it’s actually accretive,” said Howard Schultz, the CEO of Starbucks, at the 2015 Council of Supply Chain Management Professionals (CSCMP) Annual Conference. Below is a short list of the supply chain and logistics conferences scheduled for 2016.

Supply Chain and Logistics Conferences to Attend in 2019

Talking Logistics

Editor’s Note: This is one of the most popular posts we publish every year: our list of supply chain and logistics events to attend in the coming year. Many of the leading ERP and supply chain software vendors have customer events in various countries around the world.; Supply chain professionals often cite peer-to-peer learning and networking as the most valuable investment of time and money. Takeaways from the IBM Watson Supply Chain Summit.

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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Supply Chain and Logistics Conferences to Attend in 2018

Talking Logistics

Editor’s Note: This is one of the most popular posts we publish every year: our list of supply chain and logistics events to attend in the coming year. Many of the leading ERP and supply chain software vendors have customer events in various countries around the world.; Supply chain professionals often cite peer-to-peer learning and networking as the most valuable investment of time and money. Where Does Supply Chain Design End and Planning Begin?

This Week in Logistics News (January 14-18, 2019)

Talking Logistics

Will blockchain have the same fate as RFID in supply chain management? As reported by The Loadstar this week, “Blockchain logistics start-up OpenPort has notified shareholders it is out of funds and intends to proceed with liquidation.” That said, leading companies are still testing blockchain in various supply chain applications. As I wrote back in December 2015, I believe blockchain has the potential to improve supply chain processes.

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This Week in Logistics News (October 27-31, 2014)

Talking Logistics

Moving on to this week’s supply chain and logistics news… JDA Software Unveils New Brand Identity, Logo, and “Plan to Deliver” Tagline. Port Logistics Group Adds to Omni-channel Capabilities with EventPick. CIMC and Globe Tracker Collaborate to Accelerate Global Adoption of Supply Chain Tracking, Monitoring and Asset Management Services and Equipment. Amazon Opens 3 Logistics Centers in Poland (ABC News).

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New 3PL Study: The State of Logistics Outsourcing

Supply Chain Movement

In the 2015 19th Annual Third Party Logistics Study, survey results showed the continuing, positive overall nature of shipper-3PL relationships. Both parties view themselves as being successful, and shippers are seeing positive results again this year: an average logistics cost reduction of 9% an average inventory cost reduction of 5% and an average fixed logistics cost reduction of 15%. Strategic Workforce Management Throughout the Supply Chain.

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What I Learned at the CSCMP Annual Global Conference 2014

Talking Logistics

The Council of Supply Chain Management Professionals (CSCMP) Annual Global Conference is among the best events to learn and network in the industry. I learned that people are genuinely excited about the opportunities in supply chain management. Simply put, there’s no time or reason to be bored in supply chain management — if you are, then you’re either working at the wrong company or supply chain management is not for you.