Risk Management, Shipping and Sourcing

Best Practices in Supplier Risk Management

Logistics Viewpoints

JUNE 30, 2021

For a more comprehensive explanation of best practices in supplier risk management you can view the full video of the presentation here. Because of the pandemic, risk management surrounding sourcing has become top of mind in supply chain organizations. Supplier Risk Management in Periods of Crisis.

Risk Management

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Achieving Maturity in Risk Management Takes Years

Logistics Viewpoints

AUGUST 29, 2022

Supply Chain Risk Management Solution from riskmethods. If I was asked to vote for the most interesting solution set that has come to the fore over the last few years, my vote would be for supply chain risk management solutions. Supply Chain Risk Management Vendors. AGCO Stayed Nimble during the Pandemic.

Risk Management

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Supply Chain Risk Management: 7 Challenges Driving Increased Interest in Managed Service

Logistics Viewpoints

SEPTEMBER 16, 2021

Disruption has been the name of the game for more than a year as supply chain leaders have been dealing with changing buyer behaviors, inventory management challenges, labor shortages, weather and pandemic-related uncertainty, cyber security threats and capacity constraints that continue to create significant supply chain volatility.

Supply Chain Risk Management

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From Curiosity to Competitive Edge: How Mid-Market CEOs Are Using AI to Scale Smarter

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Supply Chain Risk Management: Could You Face a Category 4 Supply Chain Disaster?

Kinaxis

NOVEMBER 11, 2016

states, obvious disruptions to supply chains and supply chain risk management were a given. As if the situation wasn’t bad enough, Hanjin, the huge shipping company, was already in bankruptcy as of early September and putting a delay in the arrival of goods well before the hurricane. These ports accounted for 18.3%

Supply Chain Risk Management

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Amazon and the Shift to AI-Driven Supply Chain Planning

Logistics Viewpoints

MARCH 26, 2025

When unexpected disruptions occura factory shutdown, a shipping delay, or a supply shortagethese models provide little flexibility. A 2023 McKinsey study found that companies relying on reactive supply chain management lose up to 10% of annual revenue due to inefficiencies and missed opportunities.

Supply Chain Planning Software

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Building the Business Case for Supply Chain Risk Management

GlobalTranz

NOVEMBER 19, 2018

That’s when it all gets extremely complicated, but one thing remains crystal clear: supply chain risk management is profoundly important for businesses to grow and expand. The same source also informed that the Chartered Institute of Procurement & Supply (CIPS) Risk Index of 2016 was the highest since records have begun in 1995.

Supply Chain Risk Management

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Ocean Risk Management part 2: Navigating Global Shipping Alliance

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Ocean Risk Management part 2: Navigating Global Shipping Alliance The shipping industry continues to evolve. In this article, we explore the pros and cons of the alliance model in the shipping industry, compare the solo strategy versus alliance strategy, and provide tips on how shippers can prepare for market swings.

Risk Management

Risk Management Negotiating Skills Vendor Strategies Resource Reduction

Innovative Approaches to Supply Chain Risk

Kinaxis

AUGUST 5, 2014

You have a supply chain risk management strategy in place. This key supplier had been identified and sure enough, you have a second source primed and ready to go. We have a problem.” The alternate source uses the same supplier in Taiwan. There is a natural conflict between risk mitigation and supply chain efficiency.

Supply Chain Planning Software

Supply Chain Planning Software Inventory Reduction Sourcing Strategies Agile and Lean Supply Chain

10 Ins and Outs for Supply Chain Risk Management in 2024

Resilinc

JANUARY 31, 2024

Learn the best practices for supply chain risk management in 2024 from Resilinc, the gold standard for supply chain resiliency. As risk managers audit their vendors and programs at the start of the year, it’s also time to clean up old strategies and supply chain practices. Out with the old and in with the new!

Supply Chain Risk Management

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Enterprise Risk Management (ERM) Framework for a Stronger Supply Chain

Resilinc

FEBRUARY 5, 2024

Learn how implementing an Enterprise Risk Management framework can help your company on the journey to operational resilience. Businesses have started to see risk management as a necessary facet of running a successful company. market size for risk management was valued at $0.44 In 2022, the U.S.

Risk Management

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Be Prepared: Improving Supplier Risk Management In Your Business

ivalua

JUNE 10, 2020

That’s why companies are always looking for new ways to streamline and increase efficiencies while also mitigating the risk within their supply chain. From inventory management to customer shipping, leave nothing to chance when it comes to supply chain risks. Understanding Supplier Risk Management.

Risk Management

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One Type of Inflation is Caused by Supply Chain Issues (And That is a Good Thing)

Logistics Viewpoints

SEPTEMBER 26, 2022

For example, shippers spent much of last year bemoaning soaring ocean shipping rates and ships waiting for days to unload once they reached their destination port. This needs to be done carefully, a company needs to make sure they don’t force their key vendors into bankruptcy.

Vendor Strategies

Vendor Strategies Forecasting Long Beach Supply Chain

Risk Management Can Be a Competitive Advantage, Part Two

Enterra Insights

AUGUST 29, 2023

They need to analyze detailed information about the location of suppliers, customers and ship-to points. Only then can they determine the ideal location for sourcing — not just those that seem most convenient. He concludes, “Ultimately, risk monitoring is only as good as the data that drives it.”

Risk Management

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How Risk Management Software is Transforming 3 Industries!

Supply Chain Game Changer

NOVEMBER 2, 2022

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act! In fact, 89% of businesses encountered a supplier risk event in the last five years. But not all companies are prepared for this level of risk and complexity. That’s where supply chain risk management software comes in. Subscribe Here!

Supply Chain Planning Software

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When The Chickens Come Home To Roost

Supply Chain Shaman

NOVEMBER 15, 2021

Maersk, the world’s largest container shipping company, reported its best quarter in 117 years, posting a $5.9B Ships continue to hold in the west coast harbors of LA and Long Beach, and the west coast warehouses are full. Much of the inventory on the ships at sea will miss the essential seasonal windows.

Supply Chain Design Software

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Supply Chain Efficiency: A Deep Dive into the Core Drivers

RFgen

DECEMBER 4, 2024

This could involve route optimization, load consolidation, or choosing the most cost-effective shipping methods based on urgency and distance. For example, a long order cycle time might indicate inefficiencies in order processing or shipping. This reduces dependency on a single source and provides alternatives in case of disruptions.

Sourcing Strategies

Sourcing Strategies Inventory Reduction Waste Reduction Expense Reduction

Resilinc Reveals the Top 5 Supply Chain Disruptions of 2024

Resilinc

JANUARY 23, 2025

To strengthen resiliency, companies invested in AI and machine learning, made strides to reduce dependency on single sourcing, and prioritized nearshoring and reshoring efforts. Incorporating a supply chain risk management program can prevent millions of dollars in losses and backlogs from factory fires.

Supply Chain Disruption

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5 Steps to Address the Rising Geopolitical Risks to Your Supply Chain

Logistics Viewpoints

APRIL 7, 2022

This kind of disruption causes major dislocation in the sources of demand and shifts the centers of gravity for demand, forcing organizations to rethink their supply chain design. Increased shipping lead time: More than 6,000 miles of railroad runs through Russia and connects Eastern China with Western Europe.

Supply Chain Design Software

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Supply Chain Resilience. Really?

Supply Chain Shaman

DECEMBER 7, 2023

Source: Supply Chain Insights ASCM defines resilience in the SCM Supply Chain Dictionary as the ability of a supply chain to anticipate, create plans to avoid or mitigate, and to recover from disruptions to supply chain functionality. I am currently doing research on inventory management. Today, this is not the case.

Supply Chain Design Software

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The Next Great Disruption Coming to Supply Chains

Kinaxis

AUGUST 18, 2014

Consumers used multiple devices, internet of things, etc, to check FGI (finished goods inventory) /sub-assembly and raw inventories, build plans, and sourcing options, as they are considering a purchase! Then, they check online for deals and shipping dates. They want to assure the sourcing meets their “sustainable” expectations.

Modeling

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What Supply Chain Risks Must Supply Chain Execs Keep Top of Mind?

GlobalTranz

SEPTEMBER 14, 2017

Therefore, supply chain execs should consider the inherent risk of consumers and suppliers changing their mind in every decision. Failure to do so would result in extreme inaccuracies in inventory management and additional delays throughout shipping processes. Political Risks May Topple Strong Supply Chains.

Supply Chain Planning Software

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How to Make Your Supply Chain More Resilient

Logistics Bureau

JANUARY 16, 2025

While traditional supply chain management prioritises cost efficiency and speed, modern supply chain resilience demands a more comprehensive approach that balances operational efficiency with risk management and adaptability. Once this exercise is completed, your company can then assess the risk from tier-two suppliers onwards.

Sourcing Strategies

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Supply Chain Management and Bioinvasion

SCM Research

JULY 18, 2013

2013), recently published in Ecology Letters, discusses the risk of marine bioinvasion caused by global shipping. The Risk of Marine Bioinvasion Caused by Global Shipping. Practice Theory Article Supply Chain Management Supply Chain Risk Management Supply Chain Sustainability' Seebens, H.,

Supply Chain

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Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Supply chain data can be challenging to manage due to its unstructured or semi-structured nature and the need to integrate new data sources. Manufacturers, retailers, and logistics organizations can leverage generative AI-powered knowledge management systems to optimize operations and make informed decisions.

Optimal Sourcing

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Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

ivalua

FEBRUARY 8, 2023

As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. Digital transformation will lead to the evolution and digitization of key procurement processes, from source-to-pay.

Manufacturing Procurement

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What is Vendor Relationship Management

My Office Apps

OCTOBER 21, 2024

Managing Multiple Locations Many businesses deal with vendors that have multiple locations. Whether you’re sourcing from different warehouses or shipping to various branches, VRM tools help track and manage vendors across multiple locations.

Vendor Strategies

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

Supply Chain Shaman

NOVEMBER 15, 2023

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? Which gets me to the question, “What is supply chain management?

Supply Chain Planning Software

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Climate Change: Yet Another Source of Global Supply Chain Risk and Disruption

BlueYonder

OCTOBER 4, 2022

Following on the heels of COVID-19, port closures, labor shortages and geopolitical conflict, climate change-related events are emerging as a significant source of supply chain disruption. Quantifying the Threat With Luminate Risk Manager.

Optimal Sourcing

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Driving Sustainability in the Age of Supply Chain Disruption

Logistics Viewpoints

APRIL 22, 2021

alternate sourcing strategies), while others are potentially negative (e.g. China increased its lead in global parcel volume in 2019, shipping more than 63 billion parcels last year, representing 26% YoY growth and making up substantially more than half of global parcel volume. fewer commuting miles driven), some largely neutral (e.g.

Supply Chain Disruption

Supply Chain Disruption Supply Chain Planning Software Supply Chain Software Sustainability

5 Years Later: 3 Things COVID-19 Changed in Supply Chain And 2 It Didn’t

BlueYonder

MARCH 11, 2025

A rise in nearshoring and away from single-source dependency The pandemic was a wake-up call that exposed the fragility of globally interconnected supply chains and the risks of over-reliance on distant suppliers and single-source strategies. 3 long term changes to the supply chain 1.

Supply Chain Planning Software

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

APRIL 1, 2022

Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. Image source: Financial Times.

Material Savings

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The Advantage of Speed: The Cooper Health Supply Chain Relies Upon Real-time Risk Alerts

Logistics Viewpoints

FEBRUARY 26, 2024

Everything from contrast dye, to tubing, to medical devices with embedded semiconductor chips would suddenly become difficult to source. Cooper University Health Care Selects Interos Over the past 15 years, modern risk management platforms have evolved. A customer of the risk solutions begins by listing key suppliers.

Supply Chain Planning Software

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Agentic AI in Supply Chains: The Future of Decision Making

SCMDOJO

FEBRUARY 16, 2025

Identifies bottlenecks and suggests alternative shipping routes. Keelvar Keelvar specializes in autonomous procurement and supplier negotiations, making sourcing more efficient and cost-effective. Symphony AI Symphony AI provides AI-driven enterprise supply chain management, offering real-time insights and risk management solutions.

Optimal Sourcing

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Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection

Kinaxis

SEPTEMBER 6, 2016

by Dr. Madhav Durbha Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection. A few days ago, the world’s seventh largest container shipping company by volume, Hanjin Shipping, filed for bankruptcy protection. According to sources, Stevedores are demanding advance payment in cash.

Supply Chain Planning Software

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Supply Chain Impacts from Russia-Ukraine Conflict

Logistics Viewpoints

MARCH 2, 2022

For example, Volkswagen is halting production at two electric vehicle plants in Germany as a result of interruptions of components sourced from Ukraine. International shipping has faired well so far. Russia and Ukraine both provide exports that serve as inputs to many international companies. Beyond Fossil Fuels.

Ukraine

Ukraine Russia Supply Chain Sourcing Strategies

Revisiting of 2024 Supply Chain Predictions – Part One

Supply Chain Matters

OCTOBER 28, 2024

Heading into this year, the global shipping disruptions that impacted transit times related to having to avoid the Suez Canal because of Red Sea terrorist attacks, or reduced water levels in the Panama Canal requiring reduced transit slots were generally mitigated. Global wide manufacturing activity levels as measured by the J.P.

Predictive Analytics Software

Predictive Analytics Software Manufacturing Procurement Cost Reduction Strategies Agile and Lean Supply Chain

Safeguarding Your Supply Chain: Proven Strategies to Mitigate Risk and Maximize Agility

SCMDOJO

APRIL 15, 2025

Typical supply chain risks include: Natural disasters: Earthquakes, hurricanes, wildfires, and pandemics that halt production or transport. Geopolitical issues: Trade wars, tariffs , political instability, or regulatory changes that affect sourcing. Operational risks: Supplier bankruptcies, poor quality control, or delays in logistics.

Vendor Strategies

Vendor Strategies Sourcing Strategies Price Reduction Resource Reduction

How to Use Big Data to Improve Supply Chain Visibility

Talking Logistics

SEPTEMBER 18, 2014

According to a July 2014 supply chain research study from Accenture focused on Big Data and supply chain risk management, most organizations have high hopes for using big data analytics in their supply chain but many have had challenges in deploying it. Larry has over 12 years of experience in software and high-tech industries.

Big Data

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Active Supply Chain Design: A Key Imperative for De Risking Supply Chains

Logistics Viewpoints

SEPTEMBER 19, 2023

Lack of adequate risk data and the non-strategic positioning of supply chain design within the organization has been a key inhibitor to success. AI Assistants can also help make managing the process of supply chain design easier. This is where AI can make all the difference.

Supply Chain Design Software

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The Best Ways to Use Project Management to Build Resilient Supply Chains Amid Global Disruptions

SCMDOJO

FEBRUARY 15, 2025

How to Apply the Principles to Supply Chain Risk Mitigation Identify and Assess Risks Risk management is a fundamental aspect of supply chain operations and is essential for minimizing disruptions. These include alternative sourcing strategies, backup transportation routes, and emergency inventory reserves.

Supply Chain Planning Software

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Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

JULY 23, 2020

Risk assessment will be focused agenda in Board Room : Risk assessment would be a primary agenda in most bord rooms where high-level guidance would be provided on expected outcomes. Case Study Risk management: The All England Club. Identify sourcing plant/s which can back-up each other in times of disruptions.

Agile and Lean Supply Chain

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Supply Chain Risk Management in 2024

American Global Logistics

FEBRUARY 15, 2024

By taking a proactive approach to supply chain risk management, your business can protect itself from disruptions and maintain its competitive edge. The shipping environment is prone to disruptions. A robust supply chain risk management plan is essential. It’s akin to diversifying your investment portfolio.

Supply Chain Risk Management

Supply Chain Risk Management Risk Management Agile and Lean Supply Chain Supply Chain Planning Software

When The Chickens Come Home To Roost

Supply Chain Shaman

NOVEMBER 15, 2021

Maersk, the world’s largest container shipping company, reported its best quarter in 117 years, posting a $5.9B Ships continue to hold in the west coast harbors of LA and Long Beach, and the west coast warehouses are full. Much of the inventory on the ships at sea will miss the essential seasonal windows.

Supply Chain Design Software

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand

When The Chickens Come Home To Roost

Supply Chain Shaman

NOVEMBER 15, 2021

Maersk, the world’s largest container shipping company, reported its best quarter in 117 years, posting a $5.9B Ships continue to hold in the west coast harbors of LA and Long Beach, and the west coast warehouses are full. Much of the inventory on the ships at sea will miss the essential seasonal windows.

Supply Chain Design Software

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand

Best Practices in Supplier Risk Management

Achieving Maturity in Risk Management Takes Years

Webinars

Trending Sources

Supply Chain Risk Management: 7 Challenges Driving Increased Interest in Managed Service

Webinars

Supply Chain Risk Management: Could You Face a Category 4 Supply Chain Disaster?

Amazon and the Shift to AI-Driven Supply Chain Planning

Building the Business Case for Supply Chain Risk Management

Ocean Risk Management part 2: Navigating Global Shipping Alliance

Innovative Approaches to Supply Chain Risk

10 Ins and Outs for Supply Chain Risk Management in 2024

Enterprise Risk Management (ERM) Framework for a Stronger Supply Chain

Be Prepared: Improving Supplier Risk Management In Your Business

One Type of Inflation is Caused by Supply Chain Issues (And That is a Good Thing)

Risk Management Can Be a Competitive Advantage, Part Two

How Risk Management Software is Transforming 3 Industries!

When The Chickens Come Home To Roost

Supply Chain Efficiency: A Deep Dive into the Core Drivers

Resilinc Reveals the Top 5 Supply Chain Disruptions of 2024

5 Steps to Address the Rising Geopolitical Risks to Your Supply Chain

Supply Chain Resilience. Really?

The Next Great Disruption Coming to Supply Chains

What Supply Chain Risks Must Supply Chain Execs Keep Top of Mind?

How to Make Your Supply Chain More Resilient

Supply Chain Management and Bioinvasion

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains

Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

What is Vendor Relationship Management

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

Climate Change: Yet Another Source of Global Supply Chain Risk and Disruption

Driving Sustainability in the Age of Supply Chain Disruption

5 Years Later: 3 Things COVID-19 Changed in Supply Chain And 2 It Didn’t

100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

The Advantage of Speed: The Cooper Health Supply Chain Relies Upon Real-time Risk Alerts

Agentic AI in Supply Chains: The Future of Decision Making

Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection

Supply Chain Impacts from Russia-Ukraine Conflict

Revisiting of 2024 Supply Chain Predictions – Part One

Safeguarding Your Supply Chain: Proven Strategies to Mitigate Risk and Maximize Agility

How to Use Big Data to Improve Supply Chain Visibility

Active Supply Chain Design: A Key Imperative for De Risking Supply Chains

The Best Ways to Use Project Management to Build Resilient Supply Chains Amid Global Disruptions

Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

Supply Chain Risk Management in 2024

When The Chickens Come Home To Roost

When The Chickens Come Home To Roost

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