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.

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

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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. The post Coronavirus: Supply Chain Risk Management Back in Spotlight appeared first on Talking Logistics with Adrian Gonzalez. Industry Trends Supply Chain Risk Management coronavirus John J.

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.

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.

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 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.

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.

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.

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.

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: 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.

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

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.

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 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.

Oracle Live: Cloud SCM for Speed and Agility

Logistics Viewpoints

The Oracle Live: Cloud Applications event highlighted the supply chain function due in part to the extensive supply chain disruptions caused by the global coronavirus pandemic. The post Oracle Live: Cloud SCM for Speed and Agility appeared first on Logistics Viewpoints.

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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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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.

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

The Mechanisms of Supply Chain Resilience

SCM Research

Two ingredients are needed to create supply chain resilience: robustness, which is proactive, and agility, which is reactive. The Influence of Relational Competencies on Supply Chain Resilience: A Relational View. International Journal of Physical Distribution & Logistics Management, 43 (4), 300-320 DOI: 10.1108/IJPDLM-08-2012-0243.

3 Ways Crowdsourcing Is Revolutionizing Supply Chain Management

Kinaxis

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. Amazon’s achievements in supply chain management have led consumers to establish an incredibly high bar for timely and accurate product delivery. Crowdsourcing supports risk management strategies.

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

Supply Chain Operating Networks: Addressing the Long Tail of Supply Chains

Talking Logistics

How can a Supply Chain Operating Network, which connects many companies and their trading partners together to plan and execute supply chain processes, enable this diversity in business requirements? You need a network platform that enables process configuration instead of customization ,” said Sergio Juarez, Chief Commercial Officer at Elemica in a recent episode of Talking Logistics.

Plan Effectively For These Supply Chain Risks

Talking Logistics

Which risks do you believe supply chain professionals need to plan for more effectively moving forward? Twenty high-level leaders from a diverse set of companies and industries responded to the survey (45% Director-level and above, 60% from $1B+ companies in Food & Read more Plan Effectively For These Supply Chain Risks. The post Plan Effectively For These Supply Chain Risks appeared first on Talking Logistics with Adrian Gonzalez.

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.

Future Research Themes in Supply Chain Management

SCM Research

What are the future dominant research themes in supply chain management? In my new article, Mapping the Landscape of Future Research Themes in Supply Chain Management , co-authored with Robert Handfield and Christian Durach and published in the Journal of Business Logistics, we make an attempt to answer this important question. This list is led by sustainability and risk management instead.

Future Research Themes in Supply Chain Management

SCM Research

What are the future dominant research themes in supply chain management? In my new article, Mapping the Landscape of Future Research Themes in Supply Chain Management , co-authored with Robert Handfield and Christian Durach and published in the Journal of Business Logistics, we make an attempt to answer this important question. This list is led by sustainability and risk management instead.

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.

4 Ways Supply Chain Modeling Enhances Enterprise Resilience

Logistics Viewpoints

Supply chain modeling is essential to substantiated resiliency analysis and to the planning of risk responses. A supply chain model is the digital representation of the structure, product flows and policies of a physical supply chain. Here’s a look at four areas of risk that can businesses can address through modeling and analytics. The post 4 Ways Supply Chain Modeling Enhances Enterprise Resilience appeared first on Logistics Viewpoints.