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I believe many of us are spending an abundance of time reading about the Russia-Ukraine war. But the topic is also of significance to supplychain practitioners. In fact, supplychains are being impacted directly by the war and by the sanctions being put in place in response. Beyond Fossil Fuels.
Increasing concerns over mass supplychain disruptions. Its a rollercoaster for logistics and supplychain leaders operating in global markets. Businesses are facing greater volatility as tariff changes wreak havoc on supplychains, operational costs, and overall profitability. Extreme tariff volatility.
Urgent – The Ukraine Logistics Coalition with Ben Gordon. The situation in the Ukraine grows more desperate every minute and the need for humanitarian aid is enormous and growing. People who work in logistics and supplychain are in a unique position to help the people of the Ukraine. About Ben Gordon.
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.
Many are predicting a recession due to inflation rates, market performance, and global events like Russia's war in Ukraine. How will that economic uncertainty impact your supplychain? Discover 5 major supplychain risks and how to manage them.
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.
” Dragons are a good analogy for the risks faced by supplychains. No one can say for sure what dragons lie ahead in 2025 for supplychains, but some risks are known. Navigating this years looming risks to build a secure supply network has never been more critical.[1] ”[3] Climate Change.
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.
While the supplychain pressures that have built up over the last two years continue to abate as transportation capacity problems ease and consumption shifts from goods to services, newer challenges and opportunities lie ahead. As we turn the page on 2022 , I’d like to make five supplychain predictions about what to expect for 2023.
Russia invades Ukraine. SupplyChain Disruption from the Russia-Ukraine Conflict (Interos) Oil tops $105/bbl after Russia attacks Ukraine (Reuters) Expeditors Targeted in Cyber-attack Cyber attack hits state-run terminal at India’s top container port (Splash 247) New Leases Will.
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.
Over the past few years, supplychain and procurement pros have faced the challenge of navigating their enterprises through one disruption after another. Monitoring and mitigating risk associated with supply, suppliers, and the supplychain networks. Price Volatility. 2] ibid.
There are numerous indications that supplychain is more critical than ever. Results from The Conference Board’s C-SUITE OUTLOOK survey showed supplychain disruptions, labor shortages, and rising inflation to be 3 of the 5 high impact external factors on the minds of CEOs. More to come!
In February 2023 I wrote the article What Does 2023 Have In-Store for Global SupplyChains? It introduced the survey we had just launched to determine the perceptions, priorities, and strategic initiatives of today’s supplychain and logistics executives. Meanwhile, labor constraints are as binding as ever.
If you don’t think Russia’s unprovoked war in Ukraine will impact your life, you’re seriously mistaken. ”[2] Two of those breadbasket countries are Russia and Ukraine. In places like Lebanon, where 80% of its wheat comes from Ukraine, the impact of the war will be brutal. It already has.
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.
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.
83% fear the biggest disruption from Brexit is yet to come, while increasing supplychain disruption caused revenues to drop by an estimated 18%. Increasing supplychain disruption meant that 28% of UK businesses lost revenue in the last 12 months, with these businesses estimating an average drop in revenue of 18%.
Recent events have elevated supplychain to a top priority for CEOs across the globe. Its survey results showed supplychain disruptions, labor shortages, and rising inflation to be 3 of the 5 high impact external factors on the minds of CEOs. What supplychain resilience tactics will be utilized over the next year?
Steve Elwell and Joe Lynch discuss why supplychain disruptions are here to stay. Steve is he Managing Director of Haxlar , an integrated manufacturing solutions provider, delivering design, manufacturing, sourcing, supplychain, and product management services for a wide range of industries. About Steve Elwell.
At the onset of the Covid-19 pandemic, supplychain disruption became a common phrase in the media. Supplychain disruption became a key talking point for just about everyone. But now, we are in a new era of supplychain disruption. Supplychain disruption will also affect the holiday season.
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.
Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supplychain insights and advice. This article is from Alfred Hille at Descartes, and looks at supplychain resilience during waves of disruption. SupplyChain Resilience Threats.
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.
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.
inflation rate will go down by itself, because the cause is mostly caused by supplychain issues? Meanwhile, supplychain risk management solutions can be used to monitor the financial health of upstream vendors so that alternative sources of supply can be secured promptly if key vendors are in trouble.
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. The interview process is over, but more challenges are ahead.
“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.
million) to launch a new production facility in western Ukraine.”[1] ”[1] Olena Harmash , a Strategic Communication Adviser with CGIAR, notes, “Nestlé is one of very few international companies to announce new investments in Ukraine since Russia invaded the country in February 2022.”[2] The Russian Conundrum.
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.
Ukraine in the news: War in Ukraine disrupts ships around the globe. Ukraine invasion and the semi-conductor chip impact. Cyberattack on Toyota’s supplychain shuts 14 Japanese factories. Xerox addresses $300m backlog due to supply shortages. And now on to this week’s logistics news.
Global supply strains that started to ease in early 2022 are worsening again as headwinds strengthen from the war in Ukraine and China’s Covid lockdowns, threatening slower growth and faster inflation across the global economy.
The post SupplyChain Risks Brought on by the Russia-Ukraine Crisis appeared first on IT SupplyChain. By Ron Giles (pictured). Director of Advisory Services, LevaData.
Russia-Ukraine War. Could the Russia-Ukraine War turn nuclear? Slowing Economic Growth. Did I miss anything? It’s been an eventful first quarter of 2022, and the outlook for the rest of the year remains risky and uncertain (just like it’s been the past two years). I pray that it doesn’t. Will a major cyberattack.
5 Megatrends Shaping SupplyChain Innovations. In these times of global turmoil, there are five (5) important megatrends shaping supplychain innovations in the coming years, namely in e-fulfillment, sourcing, food and agriculture, labour intensive operations, and halal supplychain management.
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.
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. McKinsey research shows that 73% of companies are now pursuing dual-sourcing , and 60% are regionalizing their supplychains.
The Need For SupplyChain Innovation: Why You Should Watch These Four Trends ? Recent years have placed supplychains into the spotlight and onto many board agendas. In a world of almost continuous disruptions and intense competition high performance supplychains have become the decisive factor.
Russia’s invasion of Ukraine has disrupted projects at a raft of global tech companies, and employers are now arranging escape plans for their workers.
Over 250,000 US companies, and over 160,000 European companies, have direct or indirect suppliers in Russia and Ukraine. War in the region was always going to have a dramatic effect on global supplychains, and there are three areas where this is already evident – or likely to manifest. What can supplychain practitioners do?
The post UK warned about Russian cyber attacks, following Ukraine threats appeared first on IT SupplyChain. By Raj Samani (pictured). Chief Scientist, Trellix.
There are many unique disciplines within supplychain management, each having their own challenges and requirements. One discipline in particular that has always been important, but is even more so today in light of current world events and new regulations (either in place or forthcoming), is supplychain compliance and transparency.
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.
The post Commercial drones could turn the tide in Ukraine appeared first on IT SupplyChain. By Robert Garbett (pictured). CEO & Founder of Drone Major Group.
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