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Innovative Approaches to Supply Chain Risk

Kinaxis

A few hours later, your procurement head walks in the office. “We This scenario played out for thousands of companies after the Japan earthquake, the Thailand floods and numerous other smaller scale disasters. Efficiency programs like lean drove us to reduce suppliers and cut inventory. Think this is a pretty unlikely scenario?

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Why the supply chain should be more social

The Network Effect

As a result, when tragedy strikes like an earthquake affecting Japan or flooding rains overwhelming Bangkok, automakers and electronics manufacturers are unable to identify which of the suppliers upstream in their value chain may have been impacted.

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Is Your Supply Chain Recession Proof? A Guide for Building a Resilient Supply Chain

SCMDOJO

Businesses may struggle to balance inventory, increasing the likelihood of either overstocking, tying up valuable capital and incurring storage costs, or understocking. Double-Edged Sword of Inventory Management: Declining demand presents a significant dilemma for inventory management. scenarios of -20% and +20% change).

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5 New Year’s Resolutions for Supply Chain & Logistics Executives

Talking Logistics

Natural disasters like the Japan earthquake, product shortages due to quality issues, the impact of currency rates on product costs and demand, and disruptions caused by IT service failures or security breaches are just a few examples of the risks supply chain executives face every day. Ask “What are the risks?”more more often.

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Breaking Silos: How Integrated Data and AI Transform Supply Chains

BlueYonder

Currently, Japan’s matcha the finely ground green tea loved worldwide faces a supply crunch as global demand outpaces production. Legacy IT systems, which were not designed for real-time data sharing, force production, procurement and logistics to run on separate, disconnected systems.

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Visualizing Supply Chains in Distress

MIT Supply Chain

As the tsunami that devastated parts of Japan in 2011 and dislocated supply chains worldwide underlined, companies need to be better prepared to respond to a widening array of potential disruptions. But persuading managers, and notably procurement professionals, to build supply chain risk into their decisions can be an uphill battle.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. 75% of procurement managers and Managing Directors from the EU and UK believe passing on increased raw material costs to customers is appropriate.