Articles
Supply Chain Resiliency
3 Pillars of a Resilient Supply Chain
Rapidly evolving business dynamics, coupled with rising costs and labor constraints, have underscored the critical need for a resilient supply chain. A fully connected, technology-driven infrastructure strategy is required to maintain market share and successfully navigating this challenge requires an integrated approach anchored by three core pillars.
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Beyond Reshoring to Regionalization
Recent and ongoing tariff discussions have some supply chain leaders rethinking their global supply strategy. While this has led many manufacturers to consider reshoring, an alternate strategy is growing around regionalization and rightshoring.
Read MoreHow to Develop an Agile Supply Chain
Businesses need to prioritize building supply chain strategies that can effectively navigate today’s increasingly volatile environment marked by supply chain disruptions, geopolitical tensions, and ever-changing consumer demands. Agility, resilience, and outside-the-box thinking have become critical to protect the customer experience—and the bottom line.
Read MoreSupply Chains Stabilize, But Risks Ahead
In 2023, it seemed like the supply chain was finally starting to calm down from the turmoil and instability that the pandemic set in motion. But storm clouds are appearing on the horizon, and manufacturers and distributors should pay close attention to them.
Read More5 Top Contract Management Strategies
The pandemic brought a surge in suppliers invoking force majeure clauses in their contracts. Force majeure removes liability for unforeseeable and unavoidable catastrophes that interrupt the expected course of events and prevent participants from fulfilling obligations. Buyers, as well as suppliers, understood that the extreme circumstances surrounding the pandemic warranted it.
Read MoreAutomakers Shift to Smart Supply Chains
Although the pandemic may be over, auto suppliers and original equipment manufacturers (OEMs) are still grappling with supply chain issues such as concern over net-zero promises, the growing EV market, geopolitical conflicts, evolving trade agreements, natural disasters, and high interest rates deterring shoppers.
Read MoreNearshoring: A New Era for Resilience
Nearshoring and reshoring have gained significant attention as effective ways for businesses to rethink operations while mitigating risk and increasing speed to markets to optimize operations. What are the benefits and challenges?
Read More4 Ways to Leverage the Cloud
The past few years have highlighted the value of agile and resilient supply chains to meet customer expectations, build trust and loyalty, and grow revenues in the face of market turmoil.
Read More3 Strategies for Supply Chain Resilience
Supply chain disruptions can cost an organization 45% of its annual profits over the course of a decade, which makes figuring out how to live with disruption critical, as a global economy built on clear predictability is not viable.
Read MoreGet Closer to the Action With Onshoring
Supply chains are the lifeline of globalization. In the years leading up to the pandemic, western companies routinely outsourced production to suppliers in lower-cost economies around the world. However, the seemingly never-ending string of supply chain disruptions over the past two years highlighted the fragility of complex and dispersed supply chains.
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It’s Time to Embrace Supply Chain Chaos
As someone who has worked in supply chain and logistics management for more than one decade, I find a duality in watching all the attention cast on our corner of the economy over the past year. On one hand, it’s nice to see society at large recognize the giant global operation behind making and delivering […]
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9 Innovative Ways to Manage and Meet Demand Surges
Retailers uncover new ways to respond to anticipated and unexpected order spikes so they don’t lose the sale.
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Shippers Stock Up
As the pandemic continues to impact supply chains, retailers go shopping for third-party logistics providers to gain end-to-end control.
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3 Ways to Build a Resilient Supply Chain
After nearly two years of pandemic-related disruptions wreaking havoc, business leaders are learning from the past and looking to the future of supply chain management.
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