Articles
Supply Chain
2024 Supply Chain Predictions
Pencil in these tips, insider insights, and fearless forecasts from supply chain leaders.
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What’s the Word? The Language of Logistics
What’s an antifragile supply chain? Should we expect humanoid warehouse workers in 2024? We explore some new logistics terms as well as revisit familiar definitions.
Read MoreBackward Integration: Definition, Implementation Process, and Competitive Advantages
In a competitive business world where efficiency and dominance are paramount, backward integration emerges as a strategic linchpin for companies aiming to fortify their market position. This method involves businesses taking command of their supply chain, particularly by securing the production of raw materials. This strategic move elevates profit margins and solidifies a competitive edge […]
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The Secrets Behind Today’s Leading Supply Chain Companies
In today’s globalized world, supply chains are the unseen arteries pumping lifeblood into every industry. But behind the seamless delivery of everything from your afternoon candy bar to the latest iPhone lies complex supply chain strategies that incorporate innovation, efficiency, sustainability, and resilience. Here’s a behind-the-scenes look at four of the best supply chains operating today.
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Not So Sweet: Expensive Cocoa’s Lesson on Supply Chain Resilience
Chocolate’s largest manufacturers face spiraling costs for key ingredients like cocoa beans and cocoa butter. The trickle-down effect will hit many consumers in the wallet in the latest example of what can happen if a supply chain isn’t resilient enough.
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IN BRIEF: New Services and Solutions
Origify from Bosch lets manufacturers give sneakers and other high-value products a digital fingerprint as early as the production or packaging phase. The authentication solution photographs each product and converts the image into a binary and non-manipulable data record of a few kilobytes, which is stored in a cloud.
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The Future of Freight: What to Expect
The next few years will bring further disruptions to a freight model that the industry spent decades optimizing. In 2024 and beyond, new consumer demands, technological advancements, and broader changes like nearshoring will present new opportunities for logistics leaders from first to final mile.
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6 Types of Supply Chain: Their Roles Defined
Understanding the different types of supply chains and their unique functionalities is crucial for businesses to optimize operations, reduce costs, and increase efficiency.
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5 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.
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You Should Be Asking What You Left on the Table!
You can’t assume medium and large companies have “best practices” because they are large, and they must have grown to that size because they are efficient and make great decisions.
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