This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In the rapidly evolving world of global supplychains, interoperability—the ability of systems, devices, and organizations to work together seamlessly—has become a critical factor for operational efficiency. Here’s how each layer translates to the supplychain context: 1.
Any discussion on supplychainriskmanagement and applying managed transportation to help prevent risks from coming to fruition is incomplete without touching on the pandemic to overcome supplychain disruption. A rapid change in demand for PPE also led to significant supply disruptions.
Disruption has been the name of the game for more than a year as supplychain leaders have been dealing with changing buyer behaviors, inventory management challenges, labor shortages, weather and pandemic-related uncertainty, cyber security threats and capacity constraints that continue to create significant supplychain volatility.
states, obvious disruptions to supplychains and supplychainriskmanagement were a given. Many of the states affected contained key ports and supply destinations, as well as transportation and logistics hubs. They would be handling maybe twice as many ships in a typical set of days.
Discover the top supplychain disruptions of 2024 and other significant supplychain trends from Resilincs exclusive data. The supplychain landscape in 2024 was characterized by significant transformations and challenges, with resiliency as a key theme across all industries.
Learn the best practices for supplychainriskmanagement in 2024 from Resilinc, the gold standard for supplychain resiliency. As riskmanagers audit their vendors and programs at the start of the year, it’s also time to clean up old strategies and supplychain practices.
Two recent reports highlight the growing threat of cyber-terrorism on supplychains. The second report , issued by TrapX Security, is even more troubling because it hits closer to home — that is, the warehouses and IT systems of manufacturers, retailers, and logistics service providers. maritime ports handle more than $1.3
For example, shippers spent much of last year bemoaning soaring ocean shipping rates and ships waiting for days to unload once they reached their destination port. inflation rate will go down by itself, because the cause is mostly caused by supplychain issues? Inflation is Broad Based (Graph from Joseph Politano).
by CJ Wehlage What would you say is the next great disruption coming to our supplychain world? However, there’s one great disruption already occurring, which has yet to truly “touch” supplychain. As a supplychain practitioner, do you notice something missing? Where is the supplychain nodes?
Supplychain disruptions are continuing to occur for a variety of reasons. Weather delays can affect shipping lanes, manufacturers face product shortages, demand continues to spike for certain products, containers are difficult to acquire, and the trucking industry faces a driver and capacity shortage, just to name a few.
“This is not a supplychain process. In 2013, 80% of supplychain leaders had a material supplychain disruption. Yet, in a study that we just completed, when asked about business pain, supplychainrisk rates low. Unfortunately, too many supplychains are reactive.
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building SupplyChain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supplychain visibility.
Professionals in supplychainmanagement 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. SupplyChain of fashion industry involves a time based competition.
SupplyChainRiskManagement Solution from riskmethods. If I was asked to vote for the most interesting solution set that has come to the fore over the last few years, my vote would be for supplychainriskmanagement solutions. In riskmethods risks are elevated using heat bubble maps.
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 supplychain hack. Singer suggests that Chinese-made microchips embedded in our appliances, devices, satellites, fighter jets, war ships, and tanks could turn against us.”[1]
Will the supplychain ever catch a break? With every link of the supplychain impacting businesses both large and small, keeping up with the globally disrupted supplychain evolution is a recipe for whiplash. Raw Material Shortages Are Affecting a Challenged SupplyChain.
Two recently published studies identify the top disruptions that impacted industry, business and global supplychains during 2024 and our expected to be present in 2025. This data was compiled from Resilincs EventWatchAI , a risk monitoring database provided to customers. economy and for industry supplychains.
Cooper University Health Care Relies Upon Real-time Alerts to Improve Operations Cooper University Health Care, like most companies, struggled with their supplychain during COVID. The company bought a risk solution that provides real-time alerts to potential supply disruptions. We knew exactly what we couldn’t get.”
Supplychainmanagement is a crucial aspect of any business, involving the coordination of production, shipment, and delivery of goods. A well-managedsupplychain ensures that products reach customers efficiently and cost-effectively. Subscribe How Business Insurance Can Protect You!
When it comes to managing a business, interruptions in the supplychain can pose a major obstacle. Supplychain disruptions can have a huge impact on companies. They can lead to delays in shipping to complete stoppage of production. Below are several ways to build supplychain resilience.
The Ferrari Consulting and Research Group through its affiliated SupplyChain Matters blog provides both perspectives and self-rating observations regarding our January 2024 published Research Advisory- 2024 Predictions for Industry Global SupplyChains. Supplychain teams benefitted from such actions.
by Bill DuBois What are your supplychain 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. You’re probably asking the question, “What’s the impact on supply?”.
They discussed the impact of the Covid-19 pandemic on Procurement and came up with this list of 8 critical supplychainmanagement activities that can help Procurement teams build and maintain supplychain resilience now and in the years to come.
The recent weaponization of pagers and radios in Lebanon serves as a powerful wake-up call to CEOs and governments worldwide; businesses must improve supplychain visibility now. What does this mean for the future of supplychainriskmanagement? Who Manufactured the Pagers and Radios?
Note: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supplychain insights and advice. Warehouse and DC operations can involve hundreds of suppliers, manufacturers, and logistics providers, each with their own network and security protocols.
by Dr. Madhav Durbha Supplychainrisks 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. Any such event will cause congestion in the ports.
As most adults know, constipation involves the difficult passage of necessary items through the tail end of the body’s supplychain. Nearly a week ago, a cargo ship — which if it stood on its end would be taller than either the Empire State Building or Eiffel Tower — ran aground in the canal completely blocking the waterway.
A common challenge for procurement and supplychain professionals is obtaining support from C-level leaders to invest in a robust supplychainriskmanagement (SCRM) program. Collaborate with stakeholders in finance, sales, manufacturing, etc., Anticipate and answer objections.
I thought I understood all the major supplychain implications of the pandemic until I began reading Yossi Sheffi’s new book The New (Ab)Normal: Reshaping Business and SupplyChain Strategy beyond Covid-19. The potential supplychain impacts of this conflict dwarf any other supplychain news that might be reported.
Discover the top geopolitical risks set to affect the global supplychain this year. With the ongoing war between Russia and Ukraine, the Israel-Hamas War, and the crisis in the Red Sea, the shockwaves these conflicts sent throughout their nations and the world have been felt everywhere—especially in the supplychain.
Port and maritime operations are critical to the stability of the global supplychain and the global economy. When shipping giant Maersk fell victim to NotPetya malware in 2017, the costs were estimated at between $200 and $300 million. When terminals cannot move cargo, the costs can escalate quickly.
This is a lesson weve learned at Exiger after helping many of the Fortune 500 and government agencies around the world to map, manage, and orchestrate their complex, global supplychains. Data Accuracy and Transparency Mapping and visualizing your supplychain network is imperative.
I think defining the future of SupplyChain technology means that we, as supplychain leaders, need to take a hard left. Today’s supplychains use closed and proprietary technologies. There are dark holes in the supplychain which I believe will not be closed with the current approaches.
The average SupplyChainmanagement professional measures their SupplyChain by reviewing cost reduction. Is cost reduction all that there is in measuring SupplyChain performance? 3 Key Metrics for Measuring SupplyChain Performance Beyond Cost Reduction. We still focus on costs.
UPS Capital – Sponsored Study Shows SupplyChainRisk Mitigation Strategies Lacking. Penske Logistics Joins CargoNet to Enhance SupplyChain Security. I wrote those words in December 2010 , one of my supplychain and logistics predictions for 2011. drug enforcement officials.
From this discussion, we compiled a list of 8 critical supplychainmanagement activities that to improve, build, and maintain supplychain resilience now and in the years to come. But building an agile, resilient supplychain doesn’t happen overnight; it requires forethought and planning.
Subscribe to SupplyChain Game Changer. SupplyChainRiskManagement is a Cirque Du Soleil Calibre Act! In today’s world, supplychains are more important than ever. In fact, 89% of businesses encountered a supplier risk event in the last five years. Manufacturing.
by Andrew Dunbar The first day of spring is less than a week away but the Canadian winter is still wreaking havoc on local supplychains. It’s already on a ship to Halifax!” Though complex, it’s not that different in nature than the basic supplychain problems we face in other industries on a daily basis.
Here are three ways that crowdsourcing is revolutionizing supplychainmanagement today—and in the future. Amazon consistently ranks on or near the top of lists touting the best supplychains—and for good reason. Crowdsourcing supports riskmanagement strategies.
This week, the company announced a reversal in manufacturing and supplychain strategy, as well as a major turnabout. The company will henceforth outsource the manufacturing of its stationary exercise bikes and treadmills to a Taiwan based contract manufacturer.
Every supplychain 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 supplychain to accomplish that task isn’t as straightforward as it seems, especially when technology is involved.
Navigate the top climate change issues set to impact the supplychain in 2024. As temperatures continue to rise, the intersection of climate change and supplychain resilience demands increased attention from businesses worldwide. 2023 was the warmest year on record.
As recent times have shown us, political matters across the world can have an impact on shipping routes, thus affecting the prices of goods all around the world. But what steps can you take to a more resilient supplychain during disruptions? If you’re ready to learn more about creating stronger supplychains, read below.
There are undoubtedly moments when riskmanagers would like to “take a knee” in order to find respite from the risks their supplychains face. The report points to potential vulnerabilities in a significant percentage of global supplychains. ” Those risks are: 1.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content