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Flexibility in the Face of Uncertainty

Freightos

The interesting shift here, though, is that there’s a whole world of alternative shipping routes. The traditional China-Northern Europe route alternative banked on sea freight to Dubai, followed by air shipping to the final European destination. For a full shipping container, that results in a full $3,804 of savings, or a 17% savings.

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Supply Chain Normalcy? Think Again.

Supply Chain Shaman

As consumer spending fell, the days of escalating ocean freight and extreme shipping variability eased this year. United States Inflation Rates and GDP Inflation is the highest in forty years. In the face of variability, this is two-to-six weeks too long to make allocation or procurement decisions. What is normalcy?

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What is Supply Chain Decision Support? Are We Rearranging Deck Chairs on the Titanic?

Supply Chain Shaman

The second is, Why are companies focused on traditional risk management investments primarily focused on supply/procurement when the more significant opportunity is balancing risk and opportunity in an increasingly complex world? When he speaks of the supply chain, he means procurement. This is his world. I learned the hard way.

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The Benefits of Onshore Supply Chains

ivalua

While companies have capitalized on globalization over the last few decades, the COVID-19 pandemic exposed a number of weaknesses within supply chain and procurement industries. Overall, while relocating may be an investment at first, many procurement leaders agree that the benefits of having a supply chain closer to home are worth it.

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The Fallacy of the Self-driving Supply Chain

Supply Chain Shaman

Headline news that day was Theranos’, once-Silicon Valley star Elizabeth Holmes, 38, sentenced to over 11 years in prison by a United States District Court for defrauding investors of her firm to revolutionize blood-testing technology. Why are orders not shipped on time? Happy thanksgiving to those in the United States.

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Supply Chain Planning Solutions are Not Just for the Big Boys

Logistics Viewpoints

Myers Industries (NYSE: MYE) is headquartered in Akron, Ohio in the United States. In September of 2020, the company hired Jeff Baker to be their Vice President of Procurement and Integrated Supply Chain. Mr. Baker spent over 34 years leading procurement teams at The Dow Chemical Company.

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Pandemic Lessons For Supply Chain Leaders

Supply Chain Shaman

Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP. Dwell times grow as more and more ships sit in the ocean waiting to unload. Procurement: Purchase price variance and procurement cost.