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Resilinc and RapidRatings shared that: A 90-day “pause and raise” tariff scenario led to severe stress in key manufacturing sectors, including aerospace, electronics, and automotive. Financial Health Ratings dropped from Medium to High Risk for suppliers in just three months in a tariff simulation exercise.
In February, Klaus Niebur, the director of global supplychainriskmanagement at Autoliv, and Jan Thiessen, the managing director at targetP!, spoke on best practices on supplychainriskmanagement at ARC Advisory Group’s Digital Transformation in Industry conference.
As I discussed last Friday, Accenture published a report recently on supplychainriskmanagement. The chart below from the Accenture report highlights the different approaches companies are taking to supplychainriskmanagement. The post Your 3PL as SupplyChainRiskManagement Partner?
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.
The survey also found that 9 in 10 supplychain leaders are seeking 3PLs with a consulting offering that provides guidance in setting up their company’s supplychain. These are the top challenges that are driving increased interest in and demand for consulting and managed services. And they must plan accordingly.
Spend Matters recently released their Spring 2025 SolutionMap for RiskManagement , and we’re pleased to share that Resilinc has maintained a strong position ahead of competitors in the SupplyChainRiskManagement module.
by John Westerveld Reason #5: Not having a supplychainriskmanagement process. Over the years, working for and with numerous manufacturing companies, I’ve seen many supplychain practices that cost companies money. Supplychainriskmanagement is like insurance.
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. Don’t let your supplychain get blown away by any category of winds.
As a result of the intensifying battle, more and more companies announced plans or are considering shifting manufacturing from China. As the pandemic hits globally, manufacturing in Vietnam is experiencing continued and unprecedented growth relative to other low-cost countries. .” Vestring et al. Organizing a visit.
Plus, since semiconductor-based materials make up 40 percent of new vehicle costs and countless other consumer products, PS5s aren’t the only things in short supply. It is, in order words, a failure in supplychainriskmanagement. What is supplychainriskmanagement?
For instance, suppliers may have strong Vendor Management process expertise that will help reduce working capital. Or they may have expertise in manufacturing processes and have flexible capacity to allow contract manufacturing for new product introduction.
The manufacturing sector is facing unprecedented volatility in global trade, with tariffs becoming the latest in a series of uncertainty drivers that are impacting virtually all industries. Manufacturing plants are deeply entrenched; tied to infrastructure, suppliers, skilled labor, and regulatory requirements.
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.
How is AI changing supplychainriskmanagement , and what does it mean for the future? These questions were part of a recent discussion featuring Exiger CEO Brandon Daniels about AI impacts on supplychains. Arjun Mehta: How is AI impacting supplychainriskmanagement?
Discover how Resilincs agentic supplychainriskmanagement is transforming disruption response with AI-powered supplychainrisk solutions built for speed, scale, and compliance. What modern supplychains need isnt just more datathey need intelligent action.
Welcome to part three of our AI in SupplyChain blog series. In this blog, we explore the different types of predictive AI models for supplychainriskmanagement. In this blog, we explore the models used in Resilinc’s predictive AI and explain how they help streamline supplychainriskmanagement.
Supplychainriskmanagers have a dilemma. Journalist Thor Benson reports that tuning out bad news might be good for their mental health; however, riskmanagers know tuning out bad news wouldn’t be good for business. Missed opportunities are another equal source of extraordinary risk.
Improved Collaboration: Enhances coordination between diverse stakeholders, from suppliers and manufacturers to distributors and retailers. Scalability: Provides a scalable structure that can adapt as supplychains grow and incorporate innovative technologies. Real-World Examples of OSI-Inspired SupplyChain Interoperability 1.
Do you ever get confused when people use the terms supplychainriskmanagement (SCRM) and supplychain resilience? It’s common to hear industry practitioners, stakeholders, solution providers, and analysts use these terms interchangeably; for example, an SCRM program and a supplychain resilience program.
Supplychainriskmanagement and resiliency are hot-button topics in the industry. However, minute supplychain entities do not understand how resilience relates to riskmanagement and what it means for improving focus on the supplychain. Role of SupplyChainRiskManagement.
Explore the latest updates to Resilinc’s supplychainriskmanagement solutions, including Collaboration Center 2.0, At Resilinc, we constantly innovate our supplychainriskmanagement solutions to meet our customers’ evolving needs—it’s part of why we’re The Gold Standard for SupplyChain Resilience.
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.
Over the past two years, I’ve written extensively about the growing importance of supplychainriskmanagement and supplychain mapping. See for example: Rethinking SupplyChainRiskManagement. Doing Nothing on SupplyChainRiskManagement.
Multiple people familiar with the matter say investigators found that the chips had been inserted at factories run by manufacturing subcontractors in China.” ” Aside from national security implications, the main lesson to be learned here is how vulnerable companies are to risks associated with their supplychains.
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. SupplyChainRiskManagement Vendors.
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. As I’ve written many times before, when it comes to supplychainriskmanagement, many companies are falling short.
Second, many supplychains still lack visibility beyond Tier-1 suppliers. When a critical Tier-2 supplier is affected by a tariff policy change or regional shutdown, the ripple effects often catch manufacturers by surprise. Finally, rigid fulfillment networks compound the problem.
Managing exceptional risks requires insights and visibility of key information – this gives you the ability to minimize the impact of these unexpected, yet huge disruptions. It is a necessary part of supplychainriskmanagement. But what are the characteristics of a resilient supplychain?
Raising interest rates leads to manufacturers deciding to forego capital investments; construction slowing down; declining sales of white goods, cars and trucks; and pressure on banks. This is an 80% drop year on year drop. When the Federal Reserve (the Fed) believes inflation is too high, they raise interest rates.
What is supplychainriskmanagement? Supplychainriskmanagement is the process of identifying and managing issues within a supplychain. ordinated approach to implementing strategies to manage both daily challenges and unique risks. Conduct a risk analysis.
In other news… SupplyChainRiskManagement Now a Priority for Most Businesses ( Accenture ). Several reports have been published in recent years underscoring the growing importance of supplychainriskmanagement. Another example of the wrinkles in our lives , and how we respond to them.
For the purposes of the study that we just completed, we defined supplychainriskmanagement as the proactive identification and resolution of potential risks to the supplychain. Unfortunately, too many supplychains are reactive. They had a disruption. Defining the Topic.
Manufacturing Sectors Client Alert Foreign adversaries are increasingly threatening vital domestic industries through current and potential future restrictions on critical mineral exports. Background Nickel and titanium are critical to the aerospace manufacturing sector. contractors in the aerospace manufacturing sector.
The top five industries that felt the impact were Life Sciences, Healthcare, General Manufacturing, High Tech, and Automotive, marking the fourth year in a row that these particular industries have been the most impacted. As we step into 2025, now is the time to strengthen your supplychain.
Yet, numerous global supplychains today still struggle with mapping their global suppliers. For example, in the life sciences industry, biopharma companies increasingly rely on contract manufacturing and development organizations (CDMOs) to address biologics manufacturing production and capacity demand.
Learn the supplychainriskmanagement maturity model stages from Supplier RiskManagement to antifragility. The way that businesses talk about (and manage) supplychains is changing rapidly. Supplier RiskManagement What is Supplier RiskManagement (SRM)?
Unfortunately, most supplychain executives and their teams focus predominantly on just two factors, the tradeoffs between cost and service, with risk rarely entering the conversation — until a disruption occurs and then everyone goes into panic mode. And the first step is asking “What are the risks?”
As manufacturers and retailers have taken a more integrated and holistic perspective of their supplychains, 3PLs have expanded the scope of their services (both organically and via acquisitions) and integrated them to provide customers with more “end-to-end” supplychain solutions. 3PL Trends.
Practice Procurement Relationship SupplyChain Integration SupplyChainManagementSupplyChainRiskManagement Triad' The case has confused consumers and influenced their shopping behaviors in the important winter season.
Time to Rethink SupplyChainRiskManagement. Put differently, companies need to embed supplychainriskmanagement within their corporate DNA. The goal is to incorporate risk in the decision-making process at all levels of the supplychain, just like cost is today.
Additive manufacturing offers potential to increase flexibility by producing components on demand, but current costs and certification requirements mean its use in space logistics is still limited. In-orbit manufacturing and autonomous systems could further reduce costs, while increasing operational flexibility.
Spend Matters recently released their Spring 2025 SolutionMap for RiskManagement , and we’re pleased to share that Resilinc has maintained a strong position ahead of competitors in the SupplyChainRiskManagement module.
Zhongron supplies aluminum alloy wheel hubs to another company, Citic Dicastal Wheel Manufacturing Co., The post GM Supplier Factory Explosion: Thoughts on SupplyChain Visibility and Responsibility appeared first on Talking Logistics with Adrian Gonzalez. which is a supplier to General Motors (GM).
Ivalua, a global leader in spend management, today announced that it has been selected by Swedish steel manufacturer SSAB to further improve the efficiency of its procurement processes and uphold and strengthen supplychainriskmanagement thanks to Ivalua’s Source-to-Contract (S2C) solution. Markus Leutert.
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