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This blog is based on an article that recently ran in the Journal of SupplyChain Management, Logistics & Procurement, “ Supplychain agility: An imperative in an unpredictable world.”. The post Profitable Agility: Part 2 of Agility and Resilience in SupplyChainExecution appeared first on SupplyChain Nation.
These technologies work together to create a seamless, intelligent, and secure supplychain network, which can respond to changing customer needs and market conditions and deliver value to all stakeholders. Rolls Royce predicts that lighter unmanned vessels will burn 15 percent less fuel.
According to a Forbes article, BD managed a number of disruptions seamlessly , including a rudder problem with a cargo ship that resulted in 28 BD containers being thrown overboard. He has a keen interest in digitalization and the value it generates throughout the supplychain.
Covid-19’s Impact on the SupplyChain Crisis. Following the outbreak of Covid-19, 93% of senior supply-chainexecutives reported their intent to make their supplychains more flexible, agile, and resilient. COVID-19 caused supplychain disruptions/delays for 38.8% McKinsey ). McKinsey ).
RILA Retail SupplyChain Conference LINK ($1,095 to $1,595, Depending on Membership and Registration Date) Dates: February 24 – 27, 2019 in Orlando, Florida The RILA LINK conference focuses on giving retail supplychainexecutives a review of emerging technologies and the opportunities through logistics service providers.
To achieve these goals, corporate leadership must focus on two key areas: shift from internally focused supplychains to collaborative supply networks and actively design their supplychains. Examples of disruptive risks are suppliers going out of business or shipwrecks that result in the loss of cargo containers.
This was true more than a decade ago, when in a think tank I conducted with supplychainexecutives, a VP of Customs Compliance at a large pharmaceutical company expressed her frustration with the group: “You would never hire someone off the street to manage your finance operations.
While the stalemate continues in Washington, things keep moving forward in the world of supplychain and logistics. Robinson Strengthens Anti-Cargo Theft Strategy. ” It would be the supplychain software equivalent of Taco Bell’s Chulapa Supreme. Ryder’s Natural Gas Fleet Surpasses 15 Million Miles.
To coordinate, contracts can be made with direct links in the supplychain, but how can organizations coordinate with the suppliers’ suppliers or the customers’ customers? However, commonly used KPIs used by supplychainexecutives are usually focused on logistics performance (e.g.,
Supplychains, both international and domestic, are under constant pressure to reduce their costs and enhance performance at the same time. It is a challenge that is giving supplychainexecutives headaches and all the while squeezing their profit margins. 6 Key Trends in SupplyChain. Managing Risk.
According to Gartner Research Director Andrew Downard, IoT enabled devices power supplychain planning by letting you continuously sense, communicate, analyze and act. This can be accomplished through an API-based economy. That only helps you know what the conditions are right now.
News headlines may have you believe that supplychains across all categories are running amok. Cargo stuck in the Suez Canal, a gas pipeline breach, an overburdened power grid, and shortages in lumber, plastics, and semiconductors – all these events in the last few months should make any supplychainexecutive nervous.
Termed AutoPilot Central , the application enables supplychainexecutives to get an aggregated bird’s eye view across multiple warehousing sites and, more importantly, rank them and take corrective action for areas not meeting service requirements to mitigate risk across a supplychainexecution network.
Were any shipments damaged or otherwise subject to cargo insurance claims? Understanding the total cost of transportation means understanding the costs and factors affecting spend in each leg of the supplychain. Blockchain gives supplychainexecutives a clear view of all transportation costs, where they are occurring, and why.
My prediction started to come true in May with the WannaCry cyber attack, which caused significant disruptions around the world (see The WannaCry Cyberattack: Another Warning for SupplyChainExecutives ). South Florida Container Terminal, for example, said dry cargo could not be delivered and no container would be received.
Most shippers and supplychainexecutives have already experienced effects of the shortage in their business and are now seeking long-term strategies for capacity. Top options for shippers include: Positive Carrier Relationships. 3PL Support.
I recently chatted with Ron Lazo, vice president of professional services at Manhattan Associates, for an upcoming Air Cargo World podcast and I asked Ron what his customers are telling him about their current and future transportation needs. “Customers want data,” Ron said.
I’d welcome the opportunity to meet with supplychainexecutives to discuss your research questions and objectives for the coming year, and with technology companies and 3PLs to get an update on your products and services. Thirteen Years After 9/11, A New Attempt To Screen 100 Percent of Cargo Containers ( Roll Call ).
Cargo Owners Complain of ‘Total Mess’ Shipping Goods to Asia (WSJ – sub. Automated Truck Firm Raises $60 Million (WSJ – sub. Turnpike travelers will see semi-autonomous trucks on the road this year (Cleveland.com). These Giant Drones Could Seriously Disrupt the Shipping Industry (NBC News).
SupplyChainExecution in Real Time – You can see your orders and your supplychain in real time so that you can be sure everything is going smoothly. This is great for companies that work with larger amounts of cargo and have issue with receiving too little or too much.
TIA was founded in 1978 by a small group of supplychainexecutives. TIA membership runs the gamut from startups and family-owned businesses to global supplychain organizations. Topics include Carrier Selection, Cargo Claims, Combating Fraud, Government Freight, and more.
RILA Retail SupplyChain Conference LINK ($1,095 to $1,595, Depending on Membership and Registration Date) Dates: February 24 – 27, 2019 in Orlando, Florida The RILA LINK conference focuses on giving retail supplychainexecutives a review of emerging technologies and the opportunities through logistics service providers.
With more than 30 cargo ships anchored offshore, countless supplychains scrambling, and the prospect of a $2 billion per day hit on the U.S. economy, is it time for President Obama to intervene ?
Supplychainexecutives have one less thing to worry about this year: the United States Maritime Alliance (USMX) and the International Longshoremen’s Association (ILA) have reportedly reached a tentative labor contract agreement. operations for UPS.
Retail supplychain management has always been a complicated and complex process. But in the timeframe between 2020 to 2022, a volatile supplychain market showed the weakness in outdated, legacy supplychainexecution built on rigid technology or lacking any accurate data that can improve overall decision-making.
Among the critical use cases to be served by Qualcomm Aware are cold chain distribution, utility asset monitoring, cargo shipment tracking, warehouse and inventory managemen t.”
For example, the National Cargo Security Council estimates the global financial impact of cargo losses exceeds $50 billion annually. With IoT monitoring, you gain business intelligence to identify weak links and opportunities for improvement in your supplychain. Customer experience.
With a global pandemic continuing to place bumps on the track and the Russia-Ukraine war negatively impacting sourcing and other capabilities, disruption is the most common occurrence within international and domestic supplychains. Documentation and Paperwork Errors. Duplicate Charges and Freight Invoice Submission.
west coast could decide to not unload Canada-bound cargo out of solidarity with a union of longshoremen in British Columbia that is also threatening to strike, pending a vote by a local of the International Longshore & Warehouse Union.
Too often – make that almost always – importers and exporters (BCOs – Benefiticcial Cargo Owners) are dependent on their NVOCC, Freight Forwarder or 3PL (3PL) to provide them with visibility into their global supplychains.
West Coast dockworkers who recently reached a tentative labor contract agreement were refusing to unload cargo that was originally destined to Canadian markets as a gesture of solidarity. The port disruption was estimated to have impacted upwards of a quarter of the potash trade destined for Southern Hemisphere farmers.
RILA Retail SupplyChain Conference LINK ($1,095 to $1,595, Depending on Membership and Registration Date). The RILA LINK conference focuses on giving retail supplychainexecutives a review of emerging technologies and the opportunities through logistics service providers.
He is of the pioneers of supplychainexecution software and understands the roles of automation and optimization in supplychain efficacy. . Patrick Burnson is the Executive Editor at Logistics Management and SupplyChain Management Review, a role he’s filled since 2007. Russell Goodman.
Early this morning, more than 9,000 unionized workers were locked out by carriers Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC) resulting in a halt to freight and bulk cargo transport operations.
The latest report is refreshingly more candid in depicting the challenges and ills of the logistics and transportation services sector and the need for new thinking and added emphasis on shipper and cargo holder value and service’s needs. Readers who would like to obtain the full copy can access the report via the CSCMP web site.
Providing at-a-glance insights – to include trailer usage, trip time and distance traveled without cargo. Strategically planning inventory pickup (backhauls) on return trips from deliveries – in ensuring thar semi-trailers are never empty.
The sub-text of this report is that much of the cargo that has been planned for either back-to-school, fall, and holiday related fulfillment is either in-transit or mostly already arrived at warehouses. The report’s cited data from the Freightos Baltic Index indicates that shipment of a 40-foot container from China to the U.S.
With overall industry fleet capacity expected to be in excess of global demand, shippers and beneficial cargo owners are in a better position to negotiate such concessions or elect to contract loads in the spot market.
That stated, Maersk executives noted: “ proactive cost containment measures have been successful, and the Ocean contract negotiation season is proceeding in line with expectations. percent drop in cargo volumes.
“You cannot merely keep different types of cargo anywhere in the warehouse, and then expect your staff to find it whenever needed. To organize your warehouse efficiently, you can bin locate your cargos. Use a bin locator system to make products easy to locate. The format of the bin number is entirely your decision.
The Suez Canal, for example, is crucial for energy and cargo shipments moving between Asia and Europe. Final Thoughts There are a few key supplychain reports that supplychainexecutives really should read every year. Avoiding these critical chokepoints leads to higher costs because of longer journeys.
What’s more, that vessel will need to be repositioned twice without cargo, resulting in lost revenue for that asset. And so, it is my estimation that the use of blockchain in the supplychain isn’t quite as close to a reality as some people would have you believe.
What’s more, that vessel will need to be repositioned twice without cargo, resulting in lost revenue for that asset. And so, it is my estimation that the use of blockchain in the supplychain isn’t quite as close to a reality as some people would have you believe.
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