Responding to Supply Chain Disruption Amid COVID-19

AIMMS

It’s taking a profound humanitarian and economic toll , impacting supply cha ins in many ways. Our team put several resources together to help supply chain organizations navigate through this crisis safely. . As McKinsey advises , it’s critical for companies to assess the depth of disruption, the length of disruption, and the shape recovery could take. Study 3: Identify Optimal Sourcing Locations .

Rising Above Supply Chain Disruptions

DELMIA Quintiq

When a massive disruption such as a global pandemic hits, many businesses realize that their legacy planning solutions are not capable of providing the insights they need to manage such disruptions effectively. What they need is a supply chain solution that will enable them to stay on top of problems, minimize damage and stay ahead of competitors. Disruptions come in all shapes and sizes. It is a necessary part of supply chain risk management.

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How Your Warehouse Can Navigate Costly Global Supply Chain Disruptions

OneSCM

With over 17,000 infections and more than 300 deaths, recent news about the outbreak of the coronavirus in China has grabbed attention from a global audience, including supply chain and logistics managers. The potential impact of a prolonged period of inactivity in China is difficult to predict, but for plant or supply chain managers with production ties to China, it could be a stressful couple of weeks or months.

Supply Chains Disruptions at Highest Rate in 3 Years

Material Handling and Logistics

Supply chain disruptions continue to grow at an alarming rate, according to a new study, 2018 EventWatch Supply Chain Disruption Report, by Resilinc. Of those events, more than 300 of them directly impacted the continuity of supply. Among these, natural disasters and weather-related events continued to be a major source of disruption across the globe and especially in the United States, continuing a trend started in 2017.

Supply Chain Disruption and Digitization

Enterra Insights

Disruption is generally anathema in supply chain circles. Yet, more and more articles address the topic of digital disruption and see it as an opportunity. The dictionary defines a disruption as “a disturbance or problem that interrupts an event, activity, or process.” Digital disruption is about interrupting business models or entire economic sectors. Supply chain digital disruption and digitization.

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.

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.

COVID-19 and Unique Supply Chain Disruptions

TPSynergy

For as long as supply chains have existed, so too have there been disruptions. Natural disasters, including tornadoes, earthquakes, and floods, along with financial crises, have the power to completely shut down supply chains for indeterminate periods of time. This allows them to make calculated decisions about their supply chains, including whether to relocate or whether to absorb the loss.

Supply Chain Disruptions: A Survival Guide - SupplyChainOpz

Supply Chain Opz

Supply Chain Disruptions: A Survival Guide. Do you feel supply chain risk management is too complicated to implement? This article will show you how one of the worlds leading companies put a theory into practice and survive many supply chain disruptions. Its OK if you feel overwhelmed by supply chain risk theories because youre not alone. There are so many sophisticated methods to analyze supply chain risks.

How Europe is Coping with Supply Chain Disruption

Jaggaer

Can the complex global supply network survive the COVID-19 pandemic? 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. Coronavirus will lead to permanent changes in global supply chains.”.

Coronavirus supply chain disruption: How APIs can help

Axway

Wuhan province is the largest industrial material component sourcing region in the world. It’s what Detroit was 50 years ago—where everything is made. When Coronavirus halts the center of the world’s parts manufacturing, companies are left scrambling to keep their … API Management Hot topics AMPLIFY api

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?

Supply Chain Disruptions or Minor Inconveniences?

Logility

Instead of specific plans, supply chain organizations need to look at increased flexibility and modeling the capabilities of their entire network. Valuable lessons can be learned from looking at what went wrong during these crisis situations that impacted supply chains around the world. You can also catch the full interview along with commentary from Gartner’s Noha Tohamy is the webcast, Manage Complexity in Your Supply Chain.

Supply Chain Disruptions or Minor Inconveniences?

Logility

Instead of specific plans, supply chain organizations need to look at increased flexibility and modeling the capabilities of their entire network. Valuable lessons can be learned from looking at what went wrong during these crisis situations that impacted supply chains around the world. You can also catch the full interview along with commentary from Gartner’s Noha Tohamy is the webcast, Manage Complexity in Your Supply Chain.

Supply chain disruption happens. Logility can help.

Logility

Dealing with disruption is the nature of supply chain planning. For more than 20 years, Logility has helped companies thrive in dynamic global supply chain environments, quickly assess the current situation, evaluate multiple response scenarios and make better-informed decisions faster. Reprioritizes products to be produced, sourced and moved throughout your global network.

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. What is Single Sourcing or Sole Sourcing? For clarity let’s define what these sourcing terms mean. procurement #purchasing #sourcing.

Coronavirus Series Part 4 – Managing Supply Chain Disruption Caused by COVID-19

EazyStock

Now we’re going to focus on mitigating the risks of supply chain disruption as we move out of lockdown and into a new, but uncertain, future. Global Supply Chain Disruption due to COVID-19. When the COVID-19 pandemic emerged earlier this year, many businesses saw instant disruption to their supply chains. But at the same time, there is still uncertainty around how global supply chains will perform in the future.

Asia 40

Coronavirus: Implications for supply chains and the people who power them

Kinaxis

by Jay Muelhoefer Today’s global supply chain leaders know to expect the unexpected. But some events are more disruptive than others. In the best case scenario, your planners would have had three weeks – from the identification of the coronavirus until the day of the Wuhan lockdown – to execute a supply chain contingency plan or find alternatives. They find a facility that can fulfill orders and restore health to the entire supply chain.

Good-bye siloed, functional planner. Hello storm chasing network planner.

Kinaxis

by Bill DuBois If you had anything to do with supply chain planning in the early days of enterprise resource planning (ERP), you may consider those years the “good ol’ days”. Supply chain planners (I’m lumping in all the silos, including demand, supply, inventory and capacity planning) today are dealing with challenges that were unimaginable when Lotus notes were the next big thing. However, none of this physically destroyed your supply chain.

Big Ideas in Supply Chain | Keysight Technologies: Risk recovery after a natural disaster

Kinaxis

by Sarah Harkins Imagine that three natural disasters hit your global supply chain within three years. Between 2015 and 2016, earthquakes in Japan and explosions at a container storage station in China affected parts of the company’s supply chain. The company had continuity and disaster recovery plans in place, and supply chain employees routinely ran drills to prepare for potential issues.

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Supply Chain Disruptions? Everything’s Clearer with the Right TMS Technology

TMC

It’s like the universe went through a list of common supply chain challenges and thought, “Let’s see what happens if they all take place at the same time.” Gaining visibility into your supply chain. This is the moment you fully realize the importance of visibility in your supply chain. A TMS solution provides the supply chain visibility you need. Supply chain disruptions come in all forms and can happen at any time.

Supply Chain Disruptions? Everything’s Clearer with the Right TMS Technology

TMC

It’s like the universe went through a list of common supply chain challenges and thought, “Let’s see what happens if they all take place at the same time.” Gaining visibility into your supply chain. This is the moment you fully realize the importance of visibility in your supply chain. A TMS solution provides the supply chain visibility you need. Supply chain disruptions come in all forms and can happen at any time.

Medical Manufacturing Under Pressure: How Encompass Group Is Responding to COVID-19

Demand Solutions

It’s not only our daily lives that have been disrupted—it’s also our businesses. This of course means that it must source supplies from carefully vetted and approved vendors. Undaunted by the challenge and empowered by the opportunity to help caregivers during this time of crisis, Encompass Group focused first on both the regulatory aspect and the sourcing of US based roll stock. medical supply chain disruption encompass group

Groups 100

4 Supply Chain Areas to Examine in the Face of Disruption

QAD

Global supply chain leaders have broad and continuous experience in expecting the unexpected. They regularly plan for and respond to regulatory changes, natural disasters, labor strikes, fluctuating tariffs and other disruptive events. Common disruptions, like late shipments or unexpected short orders result in mild irritation compared to the more disruptive events like COVID-19. . How do Disruptive Events Impact the Supply Chain?

Lean 74

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.

Lean 55

Supply Chain Best Practices: Preparing for the Worst

Elementum

Supply chain disruptions are inevitable, whether resulting from natural disasters, technical failures, worker strikes, or other unforeseen incidents. And as supply chains have become increasingly diffuse over time, the likelihood that disruption in one region will have consequences that reverberate across the globe, is higher than ever before. What can supply chain managers do to ensure that action is taken quickly and efficiently when disruption strikes?

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.

How to Stop Disruption in the Supply Chain From the Coronavirus

Veridian Solutions

With the holidays over and 2020 underway, one of the biggest challenges facing today’s supply chain is the current public health scare and its associated disruption in the supply chain. While on the surface, a medical health crisis doesn’t intuitively link with supply chain execution. However, with China’s place in the global economy, supply chain leaders must not avoid the meaningful and long-lasting impacts of the coronavirus.

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Japan and Ecuador Earthquakes: Supply Chain Lessons from Past Disasters

Talking Logistics

These earthquakes are also a reminder of how natural disasters can disrupt supply chains. As I wrote following the earthquake and tsunami that devastated Japan in March 2011 , the reality is that there is relatively little companies can do right now to minimize the impact of these disruptions. Doing Nothing on Supply Chain Risk Management. Time to Survive and Nexus Supplier Index: New Measures of Supply Chain Risk Management.

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.

Supply Chain Best Practices: Preparing for the Worst

Elementum

Supply chain disruptions are inevitable, whether resulting from natural disasters, technical failures, worker strikes, or other unforeseen incidents. And as supply chains have become increasingly diffuse over time, the likelihood that disruption in one region will have consequences that reverberate across the globe, is higher than ever before. What can supply chain managers do to ensure that action is taken quickly and efficiently when disruption strikes?

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.

Hurricane Florence: What We Know About the Year's First Major Storm

Elementum

Many sources are warning that Florence will be the most intense storm to strike the region in at least 25 years, since Hurricane Hugo, which was a Category 4 and sustained winds of 140 mph. Continue reading for the latest updates and forecasts about Florence and other impending storms, as well as a list of best practices to help your supply network weather the impact. Forecasted Effects on Environment, Communities, and Supply Chains.

Bomb Cyclone Hits East Coast

Elementum

Supply Chain Disruptions. Some airlines are allowing passengers of disrupted flights to change their itineraries at no cost. Because of the higher price of natural gas, some plants have switched to oil as their source of fuel for the duration of the storm. weather supply chain disruptions storm

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. General Motors is airlifting supplies to its North American truck production.