How a Collaborative Logistics Platform Mitigates Supply Chain Disruption

Turvo

Collaborative logistics affords an opportunity for businesses to unlock more resilience and flexibility in their supply chains. As a result, companies are more likely to rethink procurement processes and avoid unnecessary delays.

6 Digitization Steps to Overcome Supply Chain Disruptions & Build Resiliency

Turvo

The costs of supply chain disruptions vary based on the severity of the disruption, how quickly companies recover, and numerous other factors. According to Supply & Demand Chain Executive , supply chain disruptions resulted in costs of more than $56 billion in 2015, and five years later, that average is on track to more than double following the coronavirus crisis. Without an adequate supply, the supply chain shuts down.

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How Technology Can Help Manage Supply Chain Disruptions

AFFLINK

How does your organization manage supply chain disruptions? Supply chain disruption is at its highest rate in three years , and while it's not always possible to predict every interruption in procurement, it is possible to plan ahead for them. Through advanced technology, organizations can improve their agility and better respond to disruptions as they occur. The Many Types of Business Disruption. Security-related disruption.

How Europe is Coping with Supply Chain Disruption

Jaggaer

Can the complex global supply network survive the COVID-19 pandemic? Define your procurement response strategy. In the retail sector, supermarkets in many countries have seen their highest weekly sales ever, as consumers stock up on goods that they fear may be in short supply. This is perhaps an extreme example, but it highlights how COVID-19 is causing severe disruptions to supply chains. Reshoring does not bring certainty of supply.

Sourcing – What You Need To Know About Coronavirus Supply Chain Disruption

Gravity Supply Chain

Sourcing: Mitigate risk during periods of supply chain disruption, such as those caused by the Coronavirus outbreak, by using digital technology. . The post Sourcing – What You Need To Know About Coronavirus Supply Chain Disruption appeared first on Gravity Supply Chain.

97% of supply chains disrupted as a result of COVID-19

EFT

Supply Chain Confidence Index 97% of the 605 supply chain professionals surveyed experienced a supply chain disruption related to COVID-19. Breaking down this disruption further, respondents reported the following as key disruptions: 31% experienced decreased demand for products and services. 26% saw a lack of available supply due to production downtime and shutdowns. According to the How Now?

Your Supply Chain Applications Can’t Handle Disruption

Logistics Viewpoints

COVID-19 catalyzed rapidly shifting commerce models that were reshaping how goods and services were procured and delivered. The post Your Supply Chain Applications Can’t Handle Disruption appeared first on Logistics Viewpoints.

Procurement Can Prepare for  Supply Chain Risk

ivalua

Alex Saric, Smart Procurement Expert, Ivalua. Supply Chain Managers today have never been so reliant on suppliers to deliver goods and services to customers. Globalisation has made is much easier for UK businesses to trade across borders, allowing access to lower cost sources of supply and new markets. This drive has resulted in increasingly global and complex supply chains, which expose organisations to more supply chain risk than ever before.

Procurement Leading Pharmaceutical Companies Through the Pandemic

Jaggaer

From early on in the Covid-19 pandemic , and for pretty obvious reasons , procurement in healthcare and pharmaceuticals has been in the spotlight like never before. View our recent webinar and learn how Italian pharmaceutical company Angelini navigated through supply chain disruption.

Takeaways from the IBM Watson Supply Chain Summit

Talking Logistics

In fact, at one conference this spring, after delivering a keynote presentation that had nothing to do with technology, the very first question I received from the audience was “What do you think about blockchain and its potential in supply chain management?”. Those same questions also come up for AI and machine learning, which is why they took center stage at the IBM Watson Supply Chain Summit last month in Atlanta, GA. IBM Watson Supply Chain Summit.

10 Tips Shippers Can Use to Reduce Costs in LTL Procurement with Better Request for Pricing Bidding

Cerasis

at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. 10 LTL Procurement Cost Cutting Tips. Saving money on less-than-truckload or LTL procurement is a laudable goal, except when operational problems eclipse savings gains. Logistics LTL ltl procurement

Winning Student Posters Focus on Visibility, Total Cost of Ownership, and Procurement Processes

Supply Chain View from the Field

John Deere – Supply Chain Visibility – MBA Team: Jessica Newsome, Nithin Seshandri, Delia Smith, Bo Zhang – Project Sponsor: Mark Burton, John Deere. Bayer Crop Science – Internal Procurement Audit – Undergraduate Team: Hamilton Brewer, Emily Ciriano, Scott Gray. John Deere World Headquarters – Enterprise Supply Management. We had another great set of student projects during our Spring SCRC student poster session.

Mitigating the Impact of the Coronavirus on Supply Chains with Machine Learning and Real-Time Visibility

Supply Chain Nation

Blue Yonder understands the need for data to help our customers plan and respond to the supply chain not only in routine times, but also in times of crisis, such as now with the exponential spread of the Coronavirus (Covid-19). The outbreak has a threefold impact on the global supply chain. The first is increased demand for items needed to combat the virus, such as medical equipment and supplies.

Smart Supply Chains Adapt to Overcome COVID-19 Challenges

Logistics Bureau

Almost 75 percent of US companies are experiencing capacity shortfalls in their supply chains, due to Coronavirus-linked transport disruptions , a new study has shown. With some 5 million companies impacted by China’s supply chain woes, the picture is similar in other parts of the world. A study of the tactics employed by companies falling into category 2 may provide lessons in shrewd supply chain management that we could all learn from.

COVID-19 Lesson: Make Your Supply Chain More Resilient

Logistics Bureau

Until the Coronavirus began wreaking its havoc, global companies could run their supply chains on the assumption that disruptions would be rare and short-lived, and that products should be sourced, produced, and distributed at the cheapest locations to be found, wherever in the world that may be. Now’s the Time to Revisit Your Supply Chain’s Design. Five Ways to Improve your Supply Chain’s Resilience. 3) Shorten Your Supply Chain—Source Locally.

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How The Coronavirus Epidemic is Throttling Global Supply Chains

Logistics Bureau

Containers are piling up in ports, international shipping has been hammered, Western companies are battling to source products from traditional suppliers, and disruptions are being experienced throughout the global supply chain. Once China was hit by a Coronavirus epidemic and factories ordered closed, it was inevitable that global supply chains would be affected. COVID-19 Impact on Procurement.

Letter from the CEO: Coronavirus Market Update

Transplace

40’ containers: Due to the lack of imports, this equipment is in limited supply across the country. The supply of 40’ equipment across the U.S. Packaging and CPG supply chains appear to be oversold in many places and transportation demand is strong from those sectors. Retail supply chains are slowing as customers are staying home in many areas of the country which will affect the global supply chain to an extent.

Letter from the CEO: Market Update April 23, 2020

Transplace

We continue see the COVID-19 crisis impacting business processes, consumer habits, and the worldwide economy resulting in continued disruption on most of the global supply chain. Container lines are extremely concerned about potential disruption to vessel operations due to congestion and bottleneck at India ports as import containers are not moving for unloading. Letter from the CEO: Market Update April 23, 2020. By: Frank McGuigan, CEO, Transplace.

Letter from the CEO: Market Update May 21, 2020

Transplace

40’ Containers: The supply of equipment did improve in the second half of April and for the most part that has been sustained into May. The only market that stands out with a concern on supply is Kansas City. A small number of sailings have been reinstated on the trans-Pacific and Asia- Mediterranean trades as economies take their first small steps towards reopening and carriers try to get the supply-demand balance right. Letter from the CEO: Market Update May 21, 2020.

The 3 Biggest Problems Your Logistics Teams Will Face in Q4 and How to Solve Them with On-Demand Warehousing

FLEXE

Today’s supply chain has to be flexible. If you’re relying on a static supply chain, then how will you solve for the unexpected? Between inventory fluctuation and seasonality, making it all fit when it needs to, and general supply chain disruptions, there’s a lot to plan throughout the year. On top of managing the supply chain infrastructure day to day, he’s also acutely aware that his busiest holiday season is right around the corner.

More Complexity = More Disruptions?

SCM Research

Trends in management towards a concentration on core competencies and outsourcing of non-core activities have created complex networks, i.e., global supply chains. An interesting paper, Structural Drivers of Upstream Supply Chain Complexity and the Frequency of Supply Chain Disruptions , co-authored by Bode and Wagner, is currently forthcoming in the Journal of Operations Management.

5 Skills You Need to Become a Procurement Management Guru

AFFLINK

The saying, “the more things change, the more they stay the same,” is not only a cliché, it’s a bad one – especially when it comes to procurement management. Over the last few years, the global supply chain has been rocked by fundamental change, and the pace of innovation is gaining speed. A single supply chain, for example, could encompass multiple countries, each with their own rules and regulations. But what does all of this mean for procurement managers?

Unrest in India and the Impact on Global Supply Chains

CH Robinson Transportfolio

Procurement and sourcing have stretched supply chains globally, and they will remain prone to disruptions such as strikes, political unrest, and even natural disasters like the flash flood in South India a few months back that crippled Chennai and the surrounding areas for weeks. If you have any questions regarding this disruption, reach out to your C.H. The post Unrest in India and the Impact on Global Supply Chains appeared first on Transportfolio.

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Join BVL International at the North American chapter kickoff on August 12, 2013

Supply Chain View from the Field

Logistics complexity – in the form of fragmented channels, increased product variations, and consumer demand for customized solutions – has been increasing, according to a global study published recently by BVL International, a worldwide supply chain and logistics membership organization. The study included more than 60 interviews with global supply chain executives and survey responses from 1,757 executives. 8. Increased risk and disruption.

What are the Supply Chain Management Lessons to Learn from the Covid-19 Crisis

ivalua

The total costs, in terms of human lives, disrupted supply chains, ruined businesses and GDP impact, are still just projections in the array of charts presented daily by statisticians and data modelers. There are, however, already some clear lessons to be learned by Procurement and Supply Chain leaders. Balance Procurement Objectives. Naturally, supply continuity is critical , with global supply chains facing unprecedented disruption.

Italy 100

How 2011 Prepared Us for Today

ivalua

But few remember the stress the 2011 event placed on global supply chains. . The interdependence of the global supply chain guaranteed the effects would extend far beyond the Japanese economy. . Thankfully, by 2011 the global supply chain had an arsenal of weapons to help combat the economic aftershocks of the disaster. We had scientifically proven methods to prevent supply chain disruptions: safety stock, TQM, and optimization to name a few.

Japan 100

5 Skills You Need to Become a Procurement Management Guru

AFFLINK

The saying, “the more things change, the more they stay the same,” is not only a cliché, it’s a bad one – especially when it comes to procurement management. Over the last few years, the global supply chain has been rocked by fundamental change, and the pace of innovation is gaining speed. A single supply chain, for example, could encompass multiple countries, each with their own rules and regulations. But what does all of this mean for procurement managers?

Subscription Box Retail: Match Supply with Growing Demand

FLEXE

As disruptive as the industry has been, subscription box retailers face unique operational challenges that other eCommerce retailers don’t. Namely, its reliance on the supply chain. You have to solve for a handful of supply chain challenges that many eCommerce retailers don’t have to think about: Product and order variability is high and specific to member profile preferences. Managing the supply chain is important, but keeping customers happy takes precedence.

WHITE PAPER: Supplier Risk Management

Bristlecone

In our global economy, extreme complexity exists in today’s supplier management function, and there is great risk to supply chain continuity, particularly when little to no visibility exists. In a BCI survey, 56% of respondents had suffered a supply chain disruption over the previous 12 months and 52% of disruptions occurred with Tier 1 suppliers. Whitepapers Supply Chain Procurement White Paper

Is Single Sourcing, or Sole Sourcing, Dead?

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. 10 Vital Supply Chain Lessons from the Coronavirus Pandemic! The Coronavirus Pandemic has quickly and severely disrupted Supply Chains of every kind around the world. Additionally dramatically higher demand for household supplies (eg. Single sourcing is the result of a very conscious decision usually made by the Procurement or Purchasing department. procurement #purchasing #sourcing.

4 Ways Sustainability Experience and Skills Can Boost Procurement Careers

EcoVadis

Increased competition, higher customer expectations and shifting attitudes and awareness towards the environment and sustainability are a few of the pressures impacting the ever-changing world of procurement. Additionally supply chains are growing longer and are getting more complex. The likelihood of supply chain disruptions or brand-impacting events has increased, as well as their potential visibility in our hyper-connected world.

Webinar: Accelerate the Identification of Qualified Alternate Suppliers, Thursday, April 30, at 2 PM CET

Bristlecone

Enterprises globally are facing coronavirus-related challenges with supply chain disruption due to factory closures, overwhelming load on the buyer community to manage existing supply lines, and constraints in finding qualified alternative suppliers. Our rapid-deployment solutions enable a fast and effective supply chain sourcing response to the coronavirus pandemic. Don’t wait until the COVID-19 crisis is over to improve sourcing agility.

Supply Chain: The True Game of Risk

Supply Chain Shaman

For the supply chain leader it is not a game… The stake is business continuity. Gamers do well in the world of supply chain. Designing value networks and managing what-if conditions is fundamental to managing supply chain risks. The move from global to regional supply chains increased risks. Geopolitical shifts, economic uncertainty and demand/supply volatility are rising. In my life time, supply chains changed.

10 Vital Supply Chain Lessons from the Coronavirus Pandemic!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Coronavirus Exposes Global Supply Chain Fragility! Every aspect of our lives has been disrupted: our health, freedom of movement, employment, the economy, our ability to buy goods, and virtually every Supply Chain. Apart from the panic buying are there Supply Chain lessons that we should learn from the Coronavirus pandemic to improve the robustness of Supply Chains in the future?

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The Importance of Multiple Supply Chains

AFFLINK

Then, COVID-19 struck and disrupted most supply chains. For example, if your supplies were coming from China, you may have had 4-week delays or run out of safety stock before you could replenish. 95% of companies saw supply chain lead times more than double.