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. They would be handling maybe twice as many ships in a typical set of days.

Supply Chain Risk Management and Rocket Science

Logility

I became very familiar with risk management early in my professional career. Supply chain professionals have to push the envelope on processes and procedures every day to gain incremental improvements in customer service, costs and efficiencies. As in the aerospace industry, pushing the supply chain envelope involves increased risks that need to be analyzed and mitigated, if possible, or at least planned for.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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. Singer suggests that Chinese-made microchips embedded in our appliances, devices, satellites, fighter jets, war ships, and tanks could turn against us.”[1] Multiple people familiar with the matter say investigators found that the chips had been inserted at factories run by manufacturing subcontractors in China.”

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

3 Ways Crowdsourcing Is Revolutionizing Supply Chain Management

Kinaxis

In 1714, the British government offered the public a monetary prize to the person who created the best solution for measuring a ship’s longitude. 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. Crowdsourcing supports risk management strategies.

Do your supply chain challenges have you feeling a little snowed under?

Kinaxis

by Andrew Dunbar The first day of spring is less than a week away but the Canadian winter is still wreaking havoc on local supply chains. It’s already on a ship to Halifax!” While it would be convenient to blame this on Nova Scotia’s unforgiving winter weather, the root cause of this delay is really a supply chain planning issue. Though complex, it’s not that different in nature than the basic supply chain problems we face in other industries on a daily basis.

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.

Countdown to Black Friday: Are You an Easy Target for Cargo Theft?

Talking Logistics

With Black Friday on the horizon, consumer goods of all kinds are making their way from manufacturers to distribution centers and retail locations across the country. The industry experiences more cargo theft incidents when there is a higher volume of consumer goods moving through the supply chain. Remember that freight at rest is freight at risk. Dig into operational controls to understand which protective measures are in place at every point in the supply chain.

Cargo 158

“You’re Only as Good as Your Worst Supplier”

Talking Logistics

That quote came from a Wall Street Journal article published last week about supply issues Pratt & Whitney (a unit of United Technologies) experienced this summer that almost brought its engine production operations to a halt. in an effort to streamline its supply chain as it prepared to ramp up manufacturing…UPS said last year it would set up a logistics center in Londonderry, N.H.,

7 Use Cases for Hyperledger in Supply Chain

Supply Chain Shaman

I think defining the future of Supply Chain technology means that we, as supply chain leaders, need to take a hard left. Today’s supply chains use closed and proprietary technologies. There are dark holes in the supply chain which I believe will not be closed with the current approaches. It could be unloading a container from a ship, receipt of a shipment, transfer of ownership, a return, or a change in status. Hyperledger.

The Cost of Climate Change on Your Supply Chain

Kinaxis

by Alexa Cheater On the heels of the United Nations Paris Climate Change Conference , now seemed like an appropriate time to revisit an often talked about supply chain topic. The impact of climate change on your supply chain operations. Tumultuous weather is perhaps the most commonly thought of supply chain risk related to Earth’s climbing temperature. Will supply chains be able to cope with the potential added costs?

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? As you might expect, we both agreed that having timely and accurate end-to-end supply chain visibility was a critical factor in enabling flexibility.

Poland 122

Do You Have a Proactive Supply Chain Design or a Reactive One?

Talking Logistics

Every supply chain has a central purpose, regardless of size or industry: getting materials from their point of origin to the place they’re needed as quickly and inexpensively as possible. Designing a supply chain to accomplish that task isn’t as straightforward as it seems, especially when technology is involved. A smart company pays attention to the way their supply chain operates, and that means working with a proactive design over a reactive one.

Still Think Dangerous Goods is Just Paperwork and Labels?

Talking Logistics

Last September, a jury at Southwark crown court in south London found Amazon guilty of shipping dangerous goods by air. The dangers of shipping lithium-ion batteries, particularly via air, has been in the spotlight in recent years following several deadly incidents, including the crash of a UPS cargo plane in September 2010 that was attributed to “the autoignition of the contents of a cargo pallet, which contained more than 81,000 lithium type batteries and other combustible materials.”.

Cargo 94

This Week in Logistics News (July 14-18, 2014)

Talking Logistics

Version of SAP® Demand Signal Management Application. UPS Capital – Sponsored Study Shows Supply Chain Risk Mitigation Strategies Lacking. Penske Logistics Joins CargoNet to Enhance Supply Chain Security. At the center of Atlas’ product line is Atlas Exchange, a secure document exchange providing a “connect-once, access-all” network, securely linking retailers, manufacturers, suppliers and logistics service providers.

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. HERE and FreightVerify partner to optimize the automotive industry supply chain. Under that strategy, employees take items from a physical store and ship it to customers, which allows Target to ship orders faster and avoid some costs related to distribution and fulfillment centers. What can I do if I have writer’s block?

Supply chain impact before, during, and after Hurricane Irma

Kinaxis

by Bill DuBois What are your supply chain thoughts when you see this picture? The image below is an aerial photo taken and released by the showing the damage Hurricane Irma wrought on a shipping yard in the Dutch Caribbean island of St. If you happen to be involved in any way in supply chain, whether it’s supply chain planning, manufacturing or distribution, your next thought after hoping people are okay is likely, “holy crap!”.

Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection

Kinaxis

by Dr. Madhav Durbha Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection. A few days ago, the world’s seventh largest container shipping company by volume, Hanjin Shipping, filed for bankruptcy protection. A lot of the products being shipped by Hanjin are headed to US and European retailers getting ready for the holiday season (toys, electronics, clothing, furniture, etc). Such risks are on the rise.

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

Talking Logistics

Just another typical week in the world of supply chain and logistics. Here’s the news that caught my attention: China’s Cosco Shipping Hit by Cyberattack in U.S. 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. The hackers are back at it again, this time targeting Cosco Shipping Holdings. The Hackers Inside Your Supply Chain.

The Expert Talks- Sustainability

Infosys Supply Chain Management

Vijay has worked extensively across areas spanning Supply Chain Planning and Execution. Read on as Vijay shares with us his insights on Sustainability in the context of Supply Chain Management. For an organization, Sustainability in the supply chain is recognized as a key component of corporate responsibility. Supply Chain being a network of organizations, how could one single entity decide and implement Sustainability?

Top Talking Logistics Posts & Episodes (Q1 2016)

Talking Logistics

Chipotle: The Latest Example of Why Supply Chain Risk Management Matters. Using Modeling and Analytics to Design a Resilient Supply Chain. The Impact of SOLAS on Ocean Shipping and Data Management. Sports Authority: Another Not-So-Great Moment in Supplier Relationship Management. Is Workforce Planning the Weakest Link in Your Supply Chain Transformation Journey?

Boston 109

Supply Chain and Logistics Predictions for 2016

Talking Logistics

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 ). Making supply chain and logistics predictions is like throwing darts at a moving target.

Be Prepared: Improving Supplier Risk Management In Your Business

ivalua

The Covid-19 pandemic has exposed the fact that many supply chains remain inadequately prepared for a crisis. Supply chain management and procurement sit poised on the frontlines of managing global supply risks for their brands. A reliable supply chain can decrease purchasing and production costs for manufacturers and sellers. Understanding Supplier Risk Management. Managing Risk at Every Step.

3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

Cerasis

The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction. Is cost reduction all that there is in measuring Supply Chain performance? Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction.

Can You Take the Risk?

Supply Chain Shaman

“This is not a supply chain process. In 2013, 80% of supply chain leaders had a material supply chain disruption. Yet, in a study that we just completed, when asked about business pain, supply chain risk rates low. Risk management requires a focus on the important. Unfortunately, too many supply chains are reactive. I have been working as an analyst in supply chain management for the last decade.

Study 298

Welcome to the Supply Chain where the Risks Never Stop Coming

Enterra Insights

There are undoubtedly moments when risk managers would like to “take a knee” in order to find respite from the risks their supply chains face. According to the staff at Supply & Demand Chain Executive , “A new report from Resilinc reveals that global risks increased throughout 2018, with geopolitical conflicts posing some of the most potentially costly and disruptive supply chain impacts.”[1]

All I Want in My Easter Basket is a Supply Chain Planning System of Record

Logility

Supply chain professionals are asked on a daily basis for what can seem like miracles: improve customer service and reduce costs, do more with less. Specifically, what does your supply chain team use to manage supply chain planning? In many cases you will discover that processes like demand, inventory, replenishment, and manufacturing planning are limited by a lack of software capability.

Don’t Fear Optimization (It’s Just a Word)

Talking Logistics

The word “optimization” is ubiquitous in the supply chain and logistics industry. You have to optimize your [transportation, inventory, manufacturing, or other business process] to maximize your costs savings and benefits,” is what industry analysts, consultants, academics, and solution providers have been preaching for decades. In many ways, I believe many supply chain and logistics professionals are intimidated by optimization.

Is the Food Supply Chain Breaking?

Enterra Insights

It has also underscored the importance — and brittleness — of global and national supply chains. Recently, John Tyson, Chairman of the Board at Tyson Foods, published a full-page ad in several newspapers asserting the food supply chain is breaking. This means one thing — the food supply chain is vulnerable. Trouble in the supply chain. ”[3] Food Dive is tracking the status of operations of major manufacturers’ plants.

Food 100

Predictive Analytics: Supply Chain’s Cloudy Crystal Ball

Enterra Insights

Gracie Myers, a researcher with Research Optimus, writes, “Predictive analytics is being applied toward all facets of business operations and processes to help anticipate events, avoid risks, and create solutions. By forecasting future supply chain and logistical events, companies can gain a competitive advantage and prevent monetary loss due to inaccurate stocking, and mismanagement of goods, deliveries, and time.”[2]

Supply Chain Case Study: the Executive's Guide

Supply Chain Opz

Professionals in supply chain management use various methods to identify best practices to improve the operations. Analysis of case study is certainly one of the most popular methods for people from business management background. In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented.

Blockchain has Potential

Enterra Insights

For example, Hailey Lynne McKeefry ( @HaileyMcK ) writes, “Supply chain professionals are talking a lot about blockchain, and how it can be applied to address the increasingly global and complex nature of the supply chain. They are: Tracking products moving through the supply chain. Managing trade documentation. Managing supply chain risk. Managing demand and supply planning. Managing inventory.

Preparing the Supply Chain for the Hurricane Season

Enterra Insights

Alex Behrens reports, “ DHL Resilience360 recently released Stormy Weather Ahead: A Global Outlook on the 2019 Season to compile information about the impacts that even small storms can have and discuss the short- and long-term implications of these systems on existing supply chains. And it offers ways to mitigate that risk. In the supply chain field, disaster preparation should be a continuous process.

Taiwan 100

Post-Pandemic Impermanence and 6 Actions to Take Now!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. 10 Vital Supply Chain Lessons from the Coronavirus Pandemic! For supply chain professionals, supply chains and our underlying assumptions will certainly need to adapt. In many critical supply areas, such as biopharma, the now famous PPE, and high technology medical devices, not just calls, but screams for re-examining supply lines and explicitly, our reliance on China. Manufacturing.

China 63

Logistics, Data, and Cognitive Computing

Enterra Insights

Most supply chain professionals understand this, which is why the interest in blockchain technology is growing. The order and item information shows what was shipped and to whom (Was it a back order? Jim O’Donnell ( @jimodonnelltt ) notes, “The availability of inexpensive sensors and internet of things connectivity has made supply chain visibility easier for manufacturers in the past few years. Logistics have always been data driven.

Data 100