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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.
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.
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.
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?
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.
DEALING WITH UNCERTAINTY IN THE MODERN SUPPLYCHAIN In today’s global economy, manufacturers are navigating a landscape riddled with uncertainty. From escalating tariffs and geopolitical instability to natural disasters and labor shortages, the pressure on supplychains has never been greater. The result?
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.
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.
Why is the industry focused on supplyriskmanagement without embracing the totality of supplychainriskmanagement? (I I think that our current processes of demand are our most significant risk.) As I listen to most presentations, I ask myself the question of how we got here.
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.
In June 2024, we asked members of our Indago supplychain research community — who are all supplychain and logistics executives from manufacturing, retail, and distribution companies — “How prepared are you today to keep your operations running as best as possible if your ERP or any of your supplychain or logistics systems.
” There are, however, some well-known dragons supplychainriskmanagers will continue to encounter. ”[2] It’s not just supplychains that are realigning, columnist Ezra Klein insists the whole world is realigning. Here are what experts say are some of them: Global Realignment.
Lean Manufacturing and Process Optimization Lean manufacturing principles focus on eliminating waste and inefficiencies from the production process. Adopting lean practices can significantly reduce lead times and improve overall supplychain performance.
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.
It’s a good idea to be familiar with supplychainriskmanagement strategies and best practices, so you can get the most out of pressure-testing your strategy before you actually implement it.
There are many added opportunities that can be addressed if management and labor interests U.S. manufacturers, retailers and wholesalers increasingly require a modernized transportation and logistics infrastructure that can rival other countries and regions in productivity. Not all U.S.
It’s a good idea to be familiar with supplychainriskmanagement strategies and best practices, so you can get the most out of pressure-testing your strategy before you actually implement it.
The FY 2025 National Defense Authorization Act (NDAA) tackles aerospace and defense supplychain resiliency head-on with new mandates to secure critical resources and reduce foreign reliance. For Fiscal Year 2025, the NDAA places significant focus on supplychain resilience, ensuring the U.S. manufacturing capabilities.
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.
Amid todays unpredictable environment, supplychainriskmanagement has taken center stage for most product companies striving to maintain resilience and efficiency. Geopolitical tensions, tariffs, inflation, and labor shortages have heightened risk exposure, significantly impacting business performance.
Currently the most powerful mass-produced semiconductors are manufactured at 5 nm. Because of the complexity of the machinery required, two companies dominate this market: Taiwan Semiconductor Manufacturing Company (TSMC) and South Koreas Samsung Electronics. The fabrication process is just one step in the manufacturing process.
based TC-99m generator manufacturers and their known customers. based TC-99m generator manufacturers and their known TC-99m customers over the last five years, via DDIQ Analytics. Contact Exiger to learn more about how advanced technology solutions in the 1Exiger platform can improve supplychainriskmanagement for your organization.
Here are some common risks that can disrupt supplychains: Natural Disasters: Events such as earthquakes, floods, and hurricanes can cause significant damage to manufacturing facilities, warehouses, and transportation networks. Here are some key ways in which business insurance supports supplychainmanagement: 1.
SupplyChainManagement (SCM) involves orchestrating a product’s or service’s entire lifecycle, from sourcing and production to delivery. Tracking these KPIs helps you to measure alignment and identify areas for improvement.
Improving manufacturing and finances – Ortberg expressed a mandate to fix Boeing ‘s reputation, manufacturing, and finances. Improving quality- The company reportedly made strides to address quality lapses at its factories, including the simplifying of processes and instructions for workers.
supplychains including the manufacturing of medical devices. In the article below, John Boullie , Global Head of Healthcare at Exiger, looks at how that winter storms impact revealed the necessity for supplychain visibility to avoid climate-related disruptions.
The Ferrari Consulting and Research Group via its SupplyChain Matters blog revisits assumptions included in 2025 predictions and how they are changing with ongoing developments.
This includes mapping sub-tier suppliers, such as legal entities, manufacturing sites, and shipping locations, up to a specified depth. It can map specific parts with manufacturing processes and determine their chemical composition, if needed.
That stated, in certain regions such as across Europe and China , the year continues to present economic and manufacturing challenges. Shipping lines again managed to extract added spot rates and surcharges which have impacted business transportation budgets. Global wide manufacturing activity levels as measured by the J.P.
Exigers platform offers a risk-illuminated knowledge graph, leveraging proprietary and open-source data to map supplier networks down to the raw material level. The post Modern Slavery in Global SupplyChains: Essential Tools for Transparency and Compliance appeared first on Exiger.
This application was originally configured for furniture manufacturing and design company MillerKnoll. Reportedly, this service can be up and live in as few as 21 days, giving planners access to tariff modeling without the cost or complexity of building it internally.
The Data Dilemma: Why MRO Data Remains a Massive Challenge Despite advances in ERP and asset management systems, MRO data quality remains a bottleneck: Duplicate and Inconsistent Records: Multiple entries for the same part, inconsistent naming conventions, and free-text fields hinder analytics and automation.
Supplychain and procurement leaders must now navigate an increasingly complex regulatory environment, balancing cost efficiency with risk mitigation. Its a very dynamic environment, says Jason Clark, Exigers SVP for Manufacturing and Energy, in the webinar Preparing for Tariffs: Steps to Take Now. For instance, a U.S.-based
SupplyChain Matters has provided various prior commentaries directed at assisting industry supplychainmanagement teams to plan and/or assess the impacts of the ever increasing geo-political developments coupled with the Trump Administration ’s efforts to invoke added tariffs on multitudes of countries.
China’s rare earth mineral dominance China supplies most of the world’s rare earth elements and has the largest mining and refining operations globally. These products face rising costs and delays as supplies tighten. They track inventory, run backup supplier trials, and use software to map supplychain dependencies.
As if industry supplychain teams had a lot on their plates in addressing supply and demand network challenges, this weekend’s Middle East events have certainly added to such challenges. We are obviously addressing this weekend’s U.S.
SupplyChain Matters highlights added developments relative to efforts in imposing reciprocal tariffs on individual countries. Following our SupplyChain Matters posting yesterday regarding an announced U.S.
Our purpose is to advise clients, industry supplychainmanagement teams and readers as to what to expect in the current year in areas related to supplychainmanagement people, process and technology enablement dimensions.
So, it’s the entire ecosystem, from starting with model-based engineering down to the manufacturing floor, integrating IOT into efficiencies and manufacturing, being able to produce parts perhaps in other manufacturing across the globe that you didn’t in previous examples.
For example, let’s say you modeled the lead time from “supplier A” to your manufacturing facility as 7 days. Such gradual degradation of planning assumptions can be performance killers to your supplychain, causing the users to lose faith in the planning system and resort to the all too familiar Excel.
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.
Times Have Changed For SupplyChains. Factors like global trade and a customization trend in manufacturing have altered the “straight shot” supplychain forever. No longer a simple line drawn from supplier to customer, the modern supplychain more closely resembles a web of intersections.
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