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With the main focus on maximizing time and cost efficiencies, cargo riskmanagement is often skipped over despite being a critical step in protecting your company. The risk of […]. The post TransportationRiskManagement: Keep Your Cargo Out of Danger appeared first on Logistics Viewpoints.
In February, Klaus Niebur, the director of global supply chain riskmanagement at Autoliv, and Jan Thiessen, the managing director at targetP!, spoke on best practices on supply chain riskmanagement at ARC Advisory Group’s Digital Transformation in Industry conference. The implementation was not trivial.
As I discussed last Friday, Accenture published a report recently on supply chain riskmanagement. The chart below from the Accenture report highlights the different approaches companies are taking to supply chain riskmanagement. The post Your 3PL as Supply Chain RiskManagement Partner?
Any discussion on supply chain riskmanagement and applying managedtransportation to help prevent risks from coming to fruition is incomplete without touching on the pandemic to overcome supply chain disruption. Market Volatility Continues to Undermine Supply Chain RiskManagement.
This Fortune 500 manufacturer had limited visibility outside the four walls of its factories due to labor shortages, supplier facility shutdowns, and transportation delays. How TadaNow’s Supply Chain Control Tower helped this automotive manufacturer move from reactive to proactive planning and riskmanagement. Key capabilities.
Supply Chain RiskManagement 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 riskmanagement solutions. Supply Chain RiskManagement Vendors. AGCO Stayed Nimble during the Pandemic.
These are the top challenges that are driving increased interest in and demand for consulting and managed services. Market Volatility Continues to Undermine Supply Chain RiskManagement. Increased Throughput Generates a Need to Manage by Exception. Limited Granularity of Data Leads to a Lack of Actionability.
However, today’s supply chain technology can help manage vendor relationships, improve payment protocols, overcome geographic challenges,read More. The post Supply Chain RiskManagement: How Supply Chain Technology Aids in RiskManagement appeared first on TransportationManagement Company | Cerasis.
Barry Conlon and Joe Lynch discuss supply chain riskmanagement, which is exactly what Barry and his team at Overhaul provide to Fortune 100 companies across the world. Overhaul’s technology is an always-on, SaaS solution that enables truly transformational supply chain visibility and riskmanagement.
The topic of supply chain riskmanagement has taken on a new persona as the global supply chain endures the COVID-19 crisis. The post LTL Shipping Through Proactive Supply Chain RiskManagement Software appeared first on TransportationManagement Company | Cerasis.
states, obvious disruptions to supply chains and supply chain riskmanagement were a given. Many of the states affected contained key ports and supply destinations, as well as transportation and logistics hubs. The post Supply Chain RiskManagement: Could You Face a Category 4 Supply Chain Disaster?
Read more The post Editor’s Pick: How to Protect Your Transportation Technology from Supply Chain Cyber Threats appeared first on Talking Logistics with Adrian Gonzalez. This recent post from JBF Consulting’s blog discusses the rise of cyber attacks (for example, see Blue Yonder Cyberattack: How Prepared Are.
With the ability to carry larger payloads over extended distances, autonomous vehicles are better suited for transporting bulk goods between distribution centers and other logistics hubs. Tesla and TuSimple are investing in self-driving truck technology to increase operational efficiency over longer transport routes.
Mark Vickers and Joe Lynch discuss Mexico transportationrisk. Reliance Partners’ Borderless Coverage is a global insurance program designed to protect businesses of all sizes from the risks associated with international operations. While at TQL, Mark developed a passion to optimize cross border transportation.
That’s when it all gets extremely complicated, but one thing remains crystal clear: supply chain riskmanagement 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.
Process-based companies continue to focus on manufacturing efficiency (OEE) and discrete on procurement (PPV) without designing the supply chain to balance transportation, manufacturing, and procurement to a balanced scorecard. Functional Metrics and the Lack of Alignment to Strategy. The Lovefest with Shiny Objects.
We know transportation plays an important role in the supply chain – it’s the line in a flow diagram between the little buildings and smoke stacks – and transportation disruptions happen on a daily basis. Visibility. The ability to oversee the activities and events associated with your shipments is the first step.
For professionals in logistics and supply chain management, understanding the implications of this technology is crucial, as it has the potential to fundamentally change the way goods are transported and delivered. Nuro has developed an autonomous vehicle designed for transporting groceries and small packages.
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. Excess inventory, stockouts, and increased transportation expenses are common consequences of outdated planning methods.
Data-Driven Insights: DAT offers advanced analytics, providing shippers with actionable insights to optimize transportation decisions and mitigate risks. RateView Analytics: DAT helps managetransportation costs with accurate market data, allowing shippers to set realistic budgets and adjust rates during volatile conditions.
Risks in halal supply chains The halal integrity of a brand (and its products) is a function of its supply chain, where a breakage in halal integrity anywhere in a supply chain becomes a breakage of its halal integrity. Halal riskmanagement is essential for trust in halal certified brands.
Thirdly, all the COVID supply disruptions brought home the need for better supply chain riskmanagement. Riskmanagement had been a hard sale. Companies typically embrace improved supply chain riskmanagement after a disaster – after the horse had already fled the burning barn. They are not.
Ocean RiskManagement part 2: Navigating Global Shipping Alliance The shipping industry continues to evolve. Additionally, we examine the decision between using a carrier or a Non-Vessel Operating Common Carrier (NVOCC) as a vendor and how this choice can impact riskmanagement.
Mario is the Chief Technical Officer at Reliance Partners , a commercial insurance agency specializing in riskmanagement solutions for the transportation and logistics space. Mario Paluzzi is Chief Technology Officer of Reliance Partners , a top ranked commercial insurance agency specializing in Logistics and Transportation.
A Practical, Topic-Driven Resource Organized into more than 70 categories, the archive offers focused coverage on everything from supply chain planning and transportation systems to artificial intelligence and warehouse automation.
In these instances, tradeoffs have been made, such as impeding carbon emissions reduction progress through the use of less sustainable products or carbon intensive transportation options. Supplier riskmanagement too often focuses on evaluating the risk level of each supplier and selecting lower risk ones when possible.
In this blog, we explore the different types of predictive AI models for supply chain riskmanagement. Currently, Resilinc uses several predictive AI models in tracking purchase orders (POs) and commodities, autonomous mapping, risk-scoring models, and simulators. Welcome to part three of our AI in Supply Chain blog series.
Expand the “FLOW” program for logistics information sharing to forecast transportation flow. I believe that the ASCM definition is too reactive and rooted in the traditional, and outdated concepts on riskmanagement. I am currently doing research on inventory management. Today, this is not the case.
. … The truly biggest risks and threats — to the global economy, to businesses, and to supply chains — are the ones you’re unaware of and not accounting for in the first place. When it comes to riskmanagement, assessing the likelihood of various outcomes, and preparing accordingly, is vital. But what’s even more vital?
Milk Processing : After collection, milk is transported to regional processing plants, where it is pasteurized and packaged. Direct Procurement : Milk is collected directly from farmers at the village level. This reduces intermediaries, ensuring that farmers receive a higher price for their milk.
Supply chain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. Transportation and Logistics: The goal here is to minimize delivery costs while maintaining reliable service levels.
Supply Chain Knowledge and Risk Mitigation: Suppliers have a direct impact on direct spend with raw material and transportation costs as two big drivers of operating margins.
If a Tier 1 company is having a problem manufacturing a component for the OEM, or securing transport for a shipment, that is quickly visible. Infor Nexus, SupplyOn, One Network and others can look at these exceptions and go in and optimize transport surrounding the problem. You can read about these solutions HERE. The Data Lake.
Emerging technologies play a role in managing disruption and are driving change in the transportation and logistics industries. All of these come together in some way with autonomous transportation options. Economic development is both measured by and based on logistics. Volvo’s POD in Sweden is a great example.
Data analytics helps you monitor key performance indicators (KPIs), like supplier performance, delivery times, and transportation efficiency — all in real-time. Artificial Intelligence and Machine Learning AI-powered control towers provide real-time insights into supply chain performance and manage activities across your operations.
3PL Basics: The 11 Transportation Services with Jeremy Thone. Joe Lynch and Jeremy Thone discuss the 3PL basics: the 11 transportation services provided by 3rd party logistics providers. Jeremy Thone is the Marketing Director at 3PL Systems, which is a transportationmanagement system software company based in Signal Hill, California.
Ilya is Co-Founder & CEO at PAXAFE , a company that provides an autonomous AI-enabled decision support system for quality, transportation & supply chain leaders to exhibit resiliency and automation from their visibility investments. Ilya Preston and Joe Lynch discuss the $440 billion logistics problem.
Structural Changes in Supply Chains: Example: A consumer goods company decides to near-shore its manufacturing operations to reduce transportation costs and improve responsiveness. They also performed Transportation and Inventory Optimization to ensure that products are delivered on time and with minimum inventory.
Freight Management Tools: Provides software solutions for managing freight operations, including load posting, bidding, booking, and dispatching. Credit and RiskManagement: Provides tools and services to assess the creditworthiness of brokers and shippers, mitigating risk for carriers.
For example, more manufacturers are likely to begin the process of outsourcing services and transportation to 3PLs. RiskManagement Will Take Priority. Manufacturers and supply chain entities will refocus efforts to improve riskmanagement in 2018. 2018 Will Be a Year of Change Across All Manufacturers.
Haley started as a Product Manager at TriumphPay, crafting product roadmaps for web and mobile applications and aligning development with business goals. Her diverse background, spanning riskmanagement and reinsurance brokerage at organizations like Parkland Hospital and EWI Re, Inc., She held a similar role at Quiltt.
In a similar vein, a major 3PL that I spoke to last week at Eye for Transport is considering discontinuing the traditional storage of spare parts and initiating a new service to do 3D printing of parts on demand. I would infuse it into S&OP, riskmanagement, and supplier development. I believe that it matters.
About Supply & Demand Chain Executive Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, riskmanagement, professional development and more.
Political instability has disrupted transportation corridors. Recent years have brought a series of disruptions that exposed vulnerabilities in how supply chains are designed. Trade tensions have led to abrupt tariff hikes. The COVID-19 pandemic exposed dependencies that hadnt been properly accounted for.
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