Articles
Risk Management
How Will the Future Unfold?
As the coronavirus continues to disrupt global supply chains, Gartner developed three scenarios to help chief supply chain officers (CSCOs) prepare for recovery and make preemptive decisions to set up their organizations for success. Gartner polled 833 IT and IT/business professionals and found that 84% of organizations are facing varying forms of disruption—from slight disruptions […]
Read MoreReducing the Pandemic’s Impact on Transportation
Implementing these best practices can help companies reduce the impact to transportation operations and save costs during business disruptions.
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COVID-19 Resets: Logistics Draws the Line
Adept pivots. Generous acts. Creative solutions. Logistics and supply chain companies put one foot in front of the other and face down a global pandemic.
Read MoreStrategize. Inspire. Listen.
To steer his company through a global pandemic, Andrew Kirkwood rolls up his sleeves, continues to connect with customers and internal staff, keeps learning, and doesn’t mind some WhatsApp teasing from his team.
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Make a New Plan, Stan
More than half of surveyed industry professionals say their supply chain planning process is only “somewhat effective,” regardless of the technology used, finds new research by AIMMS. A combined 28% state that their planning process is “very effective” or “extremely effective,” while 15% say their process is “not so effective,” and 2% say it is […]
Read MoreSorting Out Retail Priorities
Retailers and logistics service providers shift their risk management and digitization priorities in response to pandemic-related challenges, says a report from Blue Yonder and Reuters Events Supply Chain. Highlights from the report reveal: Reconsidering Risk Management Retailers/manufacturers are hesitant to pursue nearshoring and onshoring plans, with only 29% making an investment. 63% of retailers/manufacturers favor […]
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What’s Lurking in Your Supply Chain?
You may think your company is well protected when it comes to cybersecurity, but an often overlooked source of vulnerability is your supply chain. If you can’t honestly say you are fully apprised of the security postures of your vendors, partners, and contractors, then you are already at major risk of a cyberattack.
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Digital Health Tools Can Keep Workers Safe and Preserve Privacy
Digital tools that confirm a person’s health status can create safe work environments while also protecting personal privacy as businesses and supply chains recover from the COVID-19 disruption, according to MIT professor Alex “Sandy” Pentland, who is working on this issue with the United Nations and Club de Madrid, a consortium of former democratic presidents […]
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COVID-19 Supply Chain Resources & Recovery Strategies
3 Innovations on the Fast Track 1. Delivery drones. Their deployment has been fast tracked to reduce the risk of exposure for drivers and bolster capacity to meet soaring demand for home deliveries. For example, UPS and CVS plan to use drones to deliver prescription medications to a Florida retirement community. Alphabet’s drone delivery company, […]
Read MoreThe Value of Global Trade Insights in Navigating COVID-19 Supply Chain Disruptions
The coronavirus pandemic has exposed the fragility of the modern supply chain, as companies struggle to acquire the products and raw materials needed to keep revenue flowing. With many businesses relying heavily on a limited number of trading partners, many located in hard-hit areas like China, the scale of the supply chain disruption has been […]
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Act Fast, Act Smart
More than ever before, maintaining flexibility in logistics is essential.
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We Must Learn to Mitigate Supply Chain Disruption from Disasters
While the coronavirus pandemic put supply chain weaknesses on display, it has also shined a light on where we need to strengthen our capabilities to mitigate future disruptions.
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Staying Productive in Unproductive Times
While driving around my neighborhood, I’ve noticed a lot more people putting items out to the curb. Have you noticed this? I wondered about that for a moment and then realized what was happening. People are using the virus downtime to organize, clean, and take up projects long postponed. The result is an uptick in […]
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China’s Road to Restoration
After reporting no new cases of COVID-19 in March 2020, people are going back to work in China—but companies still face a slow return to production. Not only do China’s original equipment manufacturers (OEMs) face many challenges in resuming their production capacity, but global manufacturers also feel the impact of shortages in their supply chains. […]
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The Road Map Out of This Mess
For years, I have been a proponent of operating a lean and agile supply chain, but some now say the COVID-19 pandemic has revealed the shortcomings of a supply chain that is perhaps too lean. To be “lean,” however, doesn’t mean maintaining extremely low inventory levels with no coordination or backup plan. It also appears […]
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Bringing End-2-End Efficiency to Your Logistics Operations
With economic consequences from COVID-19 and other resulting challenges, companies are looking for ways to manage more efficiently with less—while reallocating resources to more productive activities and maximizing freight spend value. Logistics operations are a great place to start, as even the smallest percentage savings could mean triple-digit impact to bottom lines. These operations are […]
Read MoreHow Shippers Are Handling COVID-19
Shippers are quickly responding to the COVID-19 outbreak, according to a survey by Echo Logistics. Shipping volumes demonstrate the resilience of companies and their ability to produce essential products during disruption, and highlight the important role transportation plays, according to Echo. Shippers’ responses shifted during just a two-week period: 28% of shippers said the virus […]
Read MoreAdapting Supply Chain Strategies Amid COVID-19
The COVID-19 pandemic has caused an enormous strain on global supply chains as they rush to complete and ship orders as quickly as possible. With tightening budgets and a need to stay connected using technology, it is more important than ever for transportation and logistics companies to have an effective mobility strategy in place. To […]
Read MoreQuantifying the Impact of COVID-19 on the Supply Chain
With dynamic updates on missed transits, rollovers, arrival notification, and port congestion during COVID-19, shippers can make decisions proactively and avoid inefficient costs due to detention and demurrage, expedited freight, and buffer stock.
Read MoreCOVID-19 Supply Chain Resources & Strategies
Redefining Global Supply Chain Management The traditional ways of managing the supply chain may have changed forever as COVID-19 brings heightened awareness of its fragility. Every shipper, carrier, and logistics manager appreciates there could be a significant paradigm shift for future sourcing and inventory management. While just-in-time shipment delivery with tight inventory-to-sales ratios were the […]
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