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.

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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 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.

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. Multiple people familiar with the matter say investigators found that the chips had been inserted at factories run by manufacturing subcontractors in China.” Smith insists, “The business case for supply chain risk management investment needs to be made convincingly and robustly to justify investment.”

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. Manufacturers, distributors and retailers are trying to understand what this will mean for. 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.

Supply Chain Risk Blog Series#1: Why Supply Chain Risk Management Should be a High Priority

BluJay Solutions

Managing the inherent risk in a supply chain has always been critical for businesses, but has become ever more so as supply chains have extended globally. With so many companies today deriving and delivering so much of their business across a larger geographical expanse, the inherent risk factor has increased exponentially in the last decade or two.

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.

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. 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.

This Week in Logistics News (June 23-27, 2014)

Talking Logistics

In other news… Supply Chain Risk Management Now a Priority for Most Businesses ( Accenture ). Several reports have been published in recent years underscoring the growing importance of supply chain risk management. This includes investments in “technology and/or organization that provides visibility within and/or across the Supply Chain that highlights trends and potential risks.”.

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Japan and Ecuador Earthquakes: Supply Chain Lessons from Past Disasters

Talking Logistics

These earthquakes are also a reminder of how natural disasters can disrupt supply chains. s iPhones are manufactured. Over the past few years, I’ve written extensively about the growing importance of supply chain risk management and supply chain mapping, including the following: Rethinking Supply Chain Risk Management. Doing Nothing on Supply Chain Risk Management.

This Week in Logistics News (January 27-31, 2014)

Talking Logistics

to Provide Next-Generation Supply Chain Resiliency Capabilities. UltraShipTMS: New Features for Cloud Based TMS and Transportation Optimizer. Ratings for President Obama’s “State of the Union” address were the lowest since 2000 , but if you tuned in, he raised a couple of points related to supply chain and logistics. First, as in previous years, he called for increased investment in transportation infrastructure. Atlanta. 2 inches of snow.

Can One Broken Bridge Cripple Your Supply Chain?

Kinaxis

While one lane of the bridge has since re-opened , allowing at least a trickle of traffic to flow across, larger transport vehicles are still being detoured, and the cost to the businesses impacted by this logistics nightmare is mounting. I’d add it’s yet another reminder to businesses to make sure their supply chains can handle the unexpected. Is an unanticipated delay like this part of your supply chain risk plan? by Alexa Cheater.

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. The same can be true for evaluating different transportation options.

Still Think Dangerous Goods is Just Paperwork and Labels?

Talking Logistics

It outlines how dangerous goods must be handled when transported by air. Various regulatory bodies around the world play a role in defining and enforcing the rules for transporting dangerous goods, including the U.S. Department of Transportation ( Title 49 of the Federal Code of Regulations ), the United Nations, and the International Air Transport Association’s Dangerous Goods Regulations. But that’s exactly what we do to manage our global trade operations.

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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.

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How to Combat the Uncertainty and Risks in Today’s Global Supply Chains

Talking Logistics

and China, what’s happening (or not happening) with Brexit in Europe, or the status of “New NAFTA” and other trade agreements, one thing is clear: there is growing risk and uncertainty in global supply chain management. How are leading companies navigating these risks and uncertainties? Two of the biggest supply chain challenges uncovered by the study are the age-old problem of taxes and duties and the more recent trend toward economic nationalism.

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This Week in Logistics News (April 28 – May 2, 2014)

Talking Logistics

In this week’s news… JDA Software Announces Industry-Leading Distribution-Centric Supply Chain Suite. Resilinc Announces SupplyIntel Corporate Social Responsibility (CSR) Module to Protect Against Brand Risk. Supply Chain Council to Merge with APICS. DOT Secretary Foxx sends transportation bill to Congress (Logistics Management). It is offered in combination with the unique supply chain mapping capabilities of the Resilinc platform.

This Week in Logistics News (January 19-23, 2015)

Talking Logistics

In other news… Elemica Awarded 2nd Patent on Supply Chain Operating Network. Ryder First in Supply Chain Industry to be Awarded SAFETY Act Certification from U.S. As I’ve said in the past, I believe many companies will find opportunities for supply chain innovation at the intersection of Software, B2B Connectivity, and Social Networking. Department of Homeland Security (DHS) for its global supply chain security program.

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.

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. Remember that patent Amazon filed back in November 2013 that envisioned sending 3D manufacturing instructions to a truck equipped with a 3D printer that could manufacture an ordered product while enroute to the customer? What can I do if I have writer’s block?

What is the Biggest Blind Spot in Your Supply Chain?

Talking Logistics

In countless surveys over the past decade, manufacturers and retailers rank “improving supply chain visibility” as one of their top priorities. Yet, despite their focus on this effort and advancements in technology, achieving timely, accurate, and complete supply chain visibility remains an elusive goal for many companies. Supply chain networks are reconfiguring at a rapid pace, so the challenge of connecting to new trading partners is ongoing.

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.

Supply Chain Risk and My Online Order

Talking Logistics

This is typically when I order a tequila in frustration and my mind goes into overdrive asking the basic question: What are the risks in their supply chain? . Could political risk impact my cologne order? Is it possible these things have impacted the sourcing, manufacturing, and delivery of my cologne? How much will it cost the manufacturer and distributor in the end? This was a cataclysmic year for global supply chains.

Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

I will be wrong again,” I stated last year before making my supply chain and logistics predictions for 2017 , and I was right. But I was right with some of my other predictions, especially my prediction that we would see a rise in cyber attacks in 2017, with supply chain and logistics operations becoming new targets. It echoed the title of my September 2016 post, “ The Day a Cyber Attack Brings the World’s Supply Chains to a Halt.”. Source: Evan, Flikr.

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?

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

Talking Logistics

Author’s Note: The following is the forward I wrote for a new textbook published by MercuryGate (a Talking Logistics sponsor) on “ Modern Technology for Transportation Optimization ,” which is available for purchase on Amazon.com. The word “optimization” is ubiquitous in the supply chain and logistics industry. In many ways, I believe many supply chain and logistics professionals are intimidated by optimization.

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.

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.

Good Safety is Good Business at the LogiChem 2015 Conference

CH Robinson Transportfolio

I always come back from these conferences inspired and fascinated at how diligent chemical supply chain managers must be to mitigate risk and adverse events. At LogiChem, attendees interacted through roundtables and panel discussions on topics that identified best practices around inventory and supply chain metrics, third party logistics provider (3PL) management, rail logistics strategy to combat the driver shortage dilemma, and a host of other topics.

This Week in Logistics News (January 14-18, 2019)

Talking Logistics

Will blockchain have the same fate as RFID in supply chain management? That said, leading companies are still testing blockchain in various supply chain applications. Also this week, as reported by Reuters , “Ford, technology giant IBM, South Korean cathode maker LG Chem and China’s Huayou Cobalt have joined forces in the first blockchain project to monitor cobalt supplies from Democratic Republic of Congo.”. general manager, said in an interview.

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Why this is a great time to be a supply chain professional

Kinaxis

Tim started his career in supply chain management along with me. After exchanging pleasantries, Tim said he is considering pivoting back into supply chain and wanted my opinion on if the timing is right. New supply chain challenges creating new opportunities : Fundamental shifts in technology are remaking supply chains as we know them, bringing together the digital and physical worlds. by Dr. Madhav Durbha. Long time bud!

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]

Talking Logistics YOUniversity: Our First Course

Talking Logistics

Talking Logistics was launched as a live, online video talk show focused on supply chain and logistics topics. A year after launching, however, a supply chain executive said to me, “ Talking Logistics is like an online Executive MBA course, with live lectures and guest speakers every week discussing timely and important topics.” Transportation Management. Warehouse Management. Global Trade Management. Supply Chain Planning.

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