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Five years ago, we all thought the COVID-19 pandemic resulted in the most disrupted supplychain landscape we would ever see. Since then, supplychain disruptions and volatility have only increased. The Ukraine-Russia conflict is ongoing. We were wrong. Tensions flare in the Middle East without warning.
Over four-hundred days of war in Ukraine. The global supplychain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. In March 2023, the Global SupplyChain Pressure Index fell to the lowest level since November 2008. Unrest in Sudan.
My recent conversations with the supplychain practitioners are dominated by supplychain risk — specifically geopolitical risks in light of the ongoing Russian invasion of Ukraine. Let us dive deeper into how supplychains are getting disrupted. Now, this risk is further amplified.
“May you live in interesting times,” widely attributed as a Chinese curse, some claim this as a blessing; whichever side you take, this is exactly what’s happening in the supplychain world since 2020, and it looks like we will be living with this blessing/curse for a while longer. Emerging Themes for SupplyChain Planning.
A SupplyChain Design Solution from Coupa Imagine you’ve just received the job offer of your dreams. If you have been through this process at least once, you already have a good idea of what supplychain design is about: optimization. Do we have a demand forecasting tool in place and, if so, how good is that forecast?
The modern supplychain is a complex beast. Let’s dive into the challenges of the supplychain and learn how to tackle them. According to a report by the Council of SupplyChain Management Professionals (CSCMP), over 40% of eCommerce orders in the US undergo at least one change before reaching the customer.
That’s why staying on top of the latest supplychain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. Here are some highlights from these trends in 2023 and implications on supplychain planning.
Driving Sustainable Growth Through SupplyChain Resilience. Every industry sector and every business across the board, in APAC and around the globe have been impacted by the Great SupplyChain Disruption over the last two years, causing a blow out of transportation costs and continuous delays at every stage of the channel.
Ukraine in the news: War in Ukraine disrupts ships around the globe. Ukraine invasion and the semi-conductor chip impact. Walmart steps up automated store distribution. Cyberattack on Toyota’s supplychain shuts 14 Japanese factories. E2open acquires Logistyx Technologies.
A wave of chaos followed that turned the supplychain upside down, forcing it to adapt, transform, and learn at an accelerated pace. 3 long term changes to the supplychain 1. Or the Panama Canal drought, which forced authorities to cancel ship crossings by 36%, costing between $500 million and $700 million.
Discover the top supplychain disruptions of 2024 and other significant supplychain trends from Resilincs exclusive data. The supplychain landscape in 2024 was characterized by significant transformations and challenges, with resiliency as a key theme across all industries.
1 million refugees have fled Ukraine in one week. Read more Above the Fold: SupplyChain Logistics News (March 4, 2022). Read more Above the Fold: SupplyChain Logistics News (March 4, 2022). I’m trying to wrap my mind around it, trying to make some sense of it all, but I come up empty, except for this: we learn.
Peter Tirschwell and Joe Lynch discuss the post-pandemic supplychain. Peter is Vice President in the Maritime, Trade & SupplyChain division of S&P Global , a global data, analytics and business intelligence organization serving sectors including maritime, energy, automotive, petrochemical and financial.
Will the supplychain ever catch a break? With every link of the supplychain impacting businesses both large and small, keeping up with the globally disrupted supplychain evolution is a recipe for whiplash. Raw Material Shortages Are Affecting a Challenged SupplyChain.
Ben Gordon and Joe Lynch discuss highlights from the BGSA Conference , an annual event designed to bring together top industry leaders from all segments of the supplychain and provides an intimate and candid setting where CEOs and leaders can privately network and explore ideas with their peers.
I thought I understood all the major supplychain implications of the pandemic until I began reading Yossi Sheffi’s new book The New (Ab)Normal: Reshaping Business and SupplyChain Strategy beyond Covid-19. Now of course, companies must map out the potential impacts of the Russia Ukraine war. Russia shells Ukraine.
Then, warehouse performance became more closely linked with the overall customer experience due to the rise in direct-to-consumer shipping. E-Commerce and direct-to-consumer shipping exerted several competitive pressures on warehouses. Then the COVID-19 pandemic caused global supplychain disruptions and all bets were off.
In the hyper-connected global economy of the present day, supplychains traverse continents, cultures, and myriad communication barriers. This is where audio translation technology is a game-changer. Audio translation technology offers a solution by interpreting spoken directions and dialogues in several languages in real time.
According to the website, its debut vehicle, the 21C, is designed by both human and AI technologies and uses a hybrid powertrain system which combines a twin-turbo 2.88-liter While all of this technology sounds pretty amazing, it should be said that this type of performance comes with a price tag. The Czinger 21C costs $1.7
Oren is the Founder and CEO of Flock Freight , a Certified B Corporation that’s been reinventing freight shipping since 2015. SolSource Logistics opened Oren’s eyes to how wasteful traditional freight shipping is. He became determined to find a new approach by building a technology-driven solution. About Oren Zaslansky.
Two recently published studies identify the top disruptions that impacted industry, business and global supplychains during 2024 and our expected to be present in 2025. According to the releas e , overall disruptions to global supplychains increased 38 percent on a year-over-year basis.
Executives are plotting alternate supplychains or devising products that can be made elsewhere should China’s hundreds of thousands of factories become inaccessible. That prospect became more conceivable, they said, after the 2022 invasion of Ukraine prompted companies to sever ties with Russia, sometimes taking huge write-downs.
Existing technology for EV batteries can only create cells that last up to 20 years or around 200,000 miles before their capacity drops too low to power a vehicle. This will certainly be an interesting area to watch, especially as electric vehicles become more commonplace and apply to the global supplychain.
Truly resilient supplychains can only be built with complete visibility. The COVID-19 pandemic may have been the catalyst for the ongoing supplychain crisis, triggering economic slowdowns, layoffs, and production stoppages, but it is certainly not the whole cause. Recent SupplyChain Disruptions.
Discover the top geopolitical risks set to affect the global supplychain this year. With the ongoing war between Russia and Ukraine, the Israel-Hamas War, and the crisis in the Red Sea, the shockwaves these conflicts sent throughout their nations and the world have been felt everywhere—especially in the supplychain.
As we watch Russia’s invasion of Ukraine unfold, the real cost of this war is plain: lost lives, families that are forever altered, and destroyed communities. Two top European shippers — Maersk and DSV — have warned that freight costs will likely remain high well into 2022, adding to the global supplychain chaos.
The high stock levels are the result of retailers, wholesalers and manufacturers stockpiling everything from beer to DIY tools, chemicals and clothes as COVID-19 lockdowns snarled supplychains and shut factories. Now, global demand is falling as borrowing costs have risen, so companies have started running down stocks.
Global supplychains were starting to recover from two years of upheaval caused by the pandemic when the military crisis hit. The further disruption caused by Russia’s invasion of Ukraine could cause major disruptions to the global supplychain and impact South Africa. Supplychain challenges.
QAD Product Marketing Director Brent Dawkins recently shared his insights into future-proofing the supplychain for global shippers and his observations couldn’t be more critical. Brent’s recommendations echo those of a recent article from McKinsey, titled Future Proofing the SupplyChain. Resilience. Sustainability.
EU proposes supplychain emergency powers, spooking business. After a successful pilot program at 70 stores, Walmart Canada is expanding its partnership with software company Focal Systems to bring a computer vision artificial intelligence solution to stores throughout the country. average hourly wage above $17.
Get the insights beverage companies need to meet today’s biggest supplychain challenges. Port congestion, shipping delays, and other supplychain disruptions are affecting industries across all economic sectors, and that includes beverages of all types. Carbon dioxide is in short supply in the U.S.,
Ukraine says Grain Deal will be Extended Following a United Nations brokered deal, to allow exports of Ukrainian grain from the Black Sea, is set to be extended by a…
For global businesses, supplychain resilience is the name of the game. As a result, supplychain leaders have been exploring alternative, more predictable options. The key will be to leverage available opportunities and address gaps to ensure the SEA supplychain can compete on a global level.
The Financial Times reporters observe, “[Supplychain woes] are likely to intensify if China digs its heels in and continues to pursue a zero-Covid policy that has left millions of workers across the country confined to their homes. Supplychain concerns, however, don’t focus solely on the movement of consumer goods.
Unpredictability is undoubtedly the major issue manufacturers face when dealing with fragmented supplychains. As the supplychain breaks, manufacturers must find new suppliers and new transport routes and find them rapidly, so that production doesn’t come to a halt. It’s exhausting for supplychain leaders.
According to a July 2022 World Trade Organization report, the global economic outlook has deteriorated since February as a result of the war in Ukraine. With a standardized global shipping solution, all sites operate and adhere to the same procedures, workflows and processes. Step 1: Automate Compliance.
Like the rest of the world, I watched with heartbreak as the conflict in Ukraine began. My heart goes out to people of Ukraine, along with their families and loved ones. For those of us who work in global supplychains, we look at these types of situations through a different lens.
The staff at SupplyChainBrain notes, “A [2022] report from DispatchTrack, a specialist in last-mile delivery software, reveals that the majority of supplychain organizations surveyed in October and November — 77% — claim to be prioritizing sustainability or to have plans to prioritize it in the coming year.”[1]
Companies that move fast and act smart now can stay ahead of due diligence legislation, mitigate supplychain risk and gain a competitive advantage in the process. As I explained in a recent article on Supply & Demand Chain Executive , organizations that leverage supplychain digitization will be the most likely to succeed.
.” When it comes to the so-called “supplychain reset,” setting up differently should be the working definition. ’ This involves re-orienting the supplychain towards supply security, energy transition, talent, and increased agility. Freelance journalist Nick Fortuna agrees.
Contrary to general opinion, the causes of the supplychain disruptions currently being experienced worldwide were prevalent long before the Covid-19 pandemic. . This has created long lines of container ships waiting for berths creating delays that never existed before – from days to weeks.
Even before the pandemic, global supplychain were fragile thanks to factors such as the US-China trade war, less efficient shipping routes and a huge drive to cut costs by consolidating loads. Unpacking expected disruptions across the supplychain for manufacturers and distributors.
Unless you are part the food supplychain, you might not be aware that last July China ceased exporting fertilizer to the rest of world. And, following Russia’s unprovoked attack against Ukraine in February 2022, which spurred international sanctions, Russia, in retaliation, also halted fertilizer exports.
However, today’s manufacturers need a more robust, effective, connected, and specialised tool to run their businesses. The Ukraine war also has a large impact on car manufacturers in Europe, highlight the risk associated with the current global supplychain. Data enabled visibility through ERP.
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