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Risk permeates supplychains. The best-laid plans to avoid as many risks as possible often fall on deaf ears in supplychain management, but supplychain executives who take the time to understand the greatest threats can successfully position their companies to overcome such risks.
Many multinationals have engineered their global supplychains to minimize taxation by creating subsidiaries in low taxation nations like Switzerland, Ireland, and Singapore. In April of 2022, British American Tobacco, headquartered in the UK, agreed to pay $508 million in fines for selling their products to NorthKorea.
In this week’s Ripped from the Headlines segment, another example of how many companies still have poor visibility and control of their end-to-end supplychains. We do not approve or authorise any production of Rip Curl products out of NorthKorea.” How do you begin to improve supplychain visibility and control?
The kids are back at school, we have air conditioning again, and NorthKorea tested a nuclear bomb yesterday. “If Moving on to the supplychain and logistics news that caught my attention this week… Mercedes-Benz and Matternet unveil vans that launch delivery drones (TechCrunch). Everything is back to normal.
The importance of critical infrastructure in maintaining economic stability and mitigating supplychain disruptions is highlighted every time a part of that infrastructure fails — such as the collapse of Maryland’s Francis Scott Key Bridge. That disaster was manmade. AI can also be used to address its own power-hungry appetite.
While environmental repercussions of overfishing have traditionally been the focus among seafood consumers, labor practices in the seafood industry supplychains have recently emerged as the most discussed Corporate Social Responsibility (CSR) issue plaguing the sector. The Difficulty of SupplyChain Due Diligence.
And just as petroleum resources shaped the geopolitics of the last 100 years, control of the battery minerals needed to electrify transport and decarbonize energy utilities has become a critical national security issue for the 21st Century. Since declaring in June 2021 that China’s dominance of critical minerals supplychains threatened U.S.
I will be wrong again,” I stated last year before making my supplychain 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 supplychain and logistics operations becoming new targets.
This is not only true for financial investments, but also for supplychain and logistics predictions. Like I said last year, making supplychain and logistics predictions is like throwing darts at a moving target: sometimes you get lucky and hit the mark; other times you miss the bullseye by a mile.
Here’s a few of the random thoughts that went through my head, (albeit from a supplychain guy’s point of view). One of the truths of manufacturing is that many operations are increasingly automated, and that robots are increasingly performing many of these jobs , particularly those related to repetitive manufacturing.
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