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“May you live in interesting times,” widely attributed as a Chinese curse, some claim this as a blessing; whichever side you take, this is exactly what’s happening in the supplychain world since 2020, and it looks like we will be living with this blessing/curse for a while longer. Emerging Themes for SupplyChain Planning.
While the supplychain pressures that have built up over the last two years continue to abate as transportation capacity problems ease and consumption shifts from goods to services, newer challenges and opportunities lie ahead. As we turn the page on 2022 , I’d like to make five supplychain predictions about what to expect for 2023.
A SupplyChain Design Solution from Coupa Imagine you’ve just received the job offer of your dreams. If you have been through this process at least once, you already have a good idea of what supplychain design is about: optimization. Do we have a demand forecasting tool in place and, if so, how good is that forecast?
That’s why staying on top of the latest supplychain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. Here are some highlights from these trends in 2023 and implications on supplychain planning.
In February 2023 I wrote the article What Does 2023 Have In-Store for Global SupplyChains? It introduced the survey we had just launched to determine the perceptions, priorities, and strategic initiatives of today’s supplychain and logistics executives. Meanwhile, labor constraints are as binding as ever.
Driving Sustainable Growth Through SupplyChain Resilience. Every industry sector and every business across the board, in APAC and around the globe have been impacted by the Great SupplyChain Disruption over the last two years, causing a blow out of transportation costs and continuous delays at every stage of the channel.
Thirty-one months of supplychain disruption. The Russian invasion of Ukraine stretches into a much longer war resulting in serious disruptions to the food, automotive, and semi-conductor supplychains. While many old-fashioned supplychain leaders speak of Risk Management and the need for Control Towers.
The Need For SupplyChain Innovation: Why You Should Watch These Four Trends ? Recent years have placed supplychains into the spotlight and onto many board agendas. In a world of almost continuous disruptions and intense competition high performance supplychains have become the decisive factor.
Steve Elwell and Joe Lynch discuss why supplychain disruptions are here to stay. Steve is he Managing Director of Haxlar , an integrated manufacturing solutions provider, delivering design, manufacturing, sourcing, supplychain, and product management services for a wide range of industries. About Steve Elwell.
The global food supplychain has grown exponentially over the last few decades, creating complexity and challenges that translate into empty store shelves and a lack of basic provisions. Today, we will look at the importance of supplychain management in food production and some solutions to prevent further crises.
Visibility across the entire length and breadth of your supplychain is required to predict and overcome supplychain constraints. Too much inventory means demand constraints, too little causes supply constraints. Too much inventory means demand constraints, too little causes supply constraints.
It’s a complex problem, but you can successfully optimize inventory levels with the right approach and technology. With all of today’s supplychain disruptions, and new ones no doubt lurking around the corner, companies without optimized inventory are risking overpaying and underperforming.
We’ve seen how the lockdowns in Shanghai snarled global supplychains. In addition, retailers are struggling to move inventory initially ordered in the first quarter of 2022 to make way for back-to-school and holiday merchandise. Bottlenecks from future COVID-19 variants are possible. Weather events might also be factors.
The irony of excess inventory. Reporters from Bloomberg explain, “A nationwide inventory glut has led to unexpected bargains for U.S. Excess inventory was also caused by the Bullwhip Effect. ” Optimizing inventory. trillion because of mismanaged inventory.”[7]
A recent report by the ACE European Group identifies supplychains as of the biggest sources of concern for European businesses today. On the other hand, there is a rising need for smarter and more flexible tools as well as more staff with analytical capabilities. The challenges: demand, staffing and technology.
From digitalization and changing workforces to trend reversals and inventory overloads, distributors have their hands full when it comes to tackling the latest supplychain challenges. Trends in Distribution and the Current SupplyChain Environment. Decentralization and the Need for a Single View of Inventory.
That’s raised myriad questions about how this powerful form of technology will potentially impact all of humanity. Take supplychain models, a business in which I’ve been a part for most of my professional life, and one that affects nearly every human being on the planet. What is a SupplyChain and How Does AI Affect it?
As we watch Russia’s invasion of Ukraine unfold, the real cost of this war is plain: lost lives, families that are forever altered, and destroyed communities. Two top European shippers — Maersk and DSV — have warned that freight costs will likely remain high well into 2022, adding to the global supplychain chaos.
Global supplychains were starting to recover from two years of upheaval caused by the pandemic when the military crisis hit. The further disruption caused by Russia’s invasion of Ukraine could cause major disruptions to the global supplychain and impact South Africa. Supplychain challenges.
Much of the merchandise languishing aboard cargo ships stuck in ports around the world during the pandemic-fueled supplychain crisis has made it to store shelves. One example: egg prices are up 56% , according to the Department of Agriculture, driven up by drought, a bird flu epidemic and the war in Ukraine. Big Box Blues.
Make over your supplychain to get visibility into potential future disruptions. There’s always a lot at stake in supplychain management. Technology leapt to the forefront as visibility into the entire supplychain became essential. What’s a supplychain manager to do?
Unpredictability is undoubtedly the major issue manufacturers face when dealing with fragmented supplychains. As the supplychain breaks, manufacturers must find new suppliers and new transport routes and find them rapidly, so that production doesn’t come to a halt. It’s exhausting for supplychain leaders.
Get the insights beverage companies need to meet today’s biggest supplychain challenges. Port congestion, shipping delays, and other supplychain disruptions are affecting industries across all economic sectors, and that includes beverages of all types. SupplyChain Disruptions Affecting the Beverage Industry.
and European companies may last longer than expected as they try to sell off their bulging inventories in an economic climate where demand is stalling. They stocked up again after Russia’s invasion of Ukraine pushed up the price of raw materials such as energy and wheat. That’s all for this week.
Finn-Tack, with an international customer base with growing global demand, has two production plants in China, and the Ukraine, manufacturing riding equipment and clothing. It is universally accepted that flexible and efficient supplychains require expert precision planning.
In this Part 2 blog post, we will continue to explore how automotive manufacturers are carrying out effective supplychain initiatives and their innovative solutions. Salim: Our automotive customers are increasingly looking at how to counter inflation but at the same time how to enable supplychain resiliency.
Like the rest of the world, I watched with heartbreak as the conflict in Ukraine began. My heart goes out to people of Ukraine, along with their families and loved ones. For those of us who work in global supplychains, we look at these types of situations through a different lens.
It’s as true for supplychain planning as it is for battle planning. Joe Bellini, Executive Vice President of Product Management & Marketing at One Network, observes, “In supplychain management, we do our best to develop executable plans. ” Improving SupplyChain Planning. ”[2].
Contrary to general opinion, the causes of the supplychain disruptions currently being experienced worldwide were prevalent long before the Covid-19 pandemic. . The current war in Ukraine will further destabilize the global supplychain. Technology, or a lack of it, also plays a key role.
.” When it comes to the so-called “supplychain reset,” setting up differently should be the working definition. Manufacturers also became accustomed to an abundant supply of raw materials, leading to low prices and downward spiral in investments.
High and increasing costs, in combination with long recovery times, have triggered many companies to reassess their customer service plus supply-chain strategies and footprints to make them more resilient to any kind of disruption. Reducing risk in supplychains. Ensure supply-chain visibility.
The Ferrari Consulting and Research Group through its affiliate the SupplyChain Matters blog shares select individual prediction snapshots that are included in our Annual 2023 Predictions for Industry and Global SupplyChains Research Advisory publishing later this month. Prediction Background.
Supplychain disruptions during the pandemic highlighted global dependence on Chinese manufacturing — and those dependencies raised serious concerns among China’s trading partners. As supplychain challenges eased and cooler heads prevailed, calls for decoupling decreased but admonitions to de-risk supplychains increased.
Complete visibility into your supplychain is necessary to safeguard operational continuity. Product shortages have plagued the supplychain since the start of the coronavirus pandemic, affecting goods from garage doors to computer chips to lumber, and businesses from car manufacturers to home improvement centers.
Highlights from the High-Tech Industry Summit Blue Yonder’s High-Tech Industry Summit, cosponsored by Microsoft and Ernst & Young LLP , brought together over 50 supplychain practitioners from 18 diverse high-tech companies to Microsoft’s Technology Center in Mountain View, California, in October. Kudos to the Micron team!
These are uncertain times, with inflation and the war in Ukraine holding back economic growth. For many CFOs, the question is no longer whether there will be a recession, but when it will hit and how long it will last… and how it will affect inventory. The supplychain director’s position is the exact opposite of the CFO.
The automotive industry has shown itself to be brave in recent times, in all areas but one: the supplychain. Electric vehicles are now embedded in our society, while the infrastructure that supports them continues to evolve, both technologically and commercially. keeping supplychain leaders and manufacturers up at night.
Are Our Agri-Food SupplyChains In Crisis? Are our agri-food supplychains in crisis? Do we need to relook at how we organise our agri-food supplychains? You could argue that this success story was the result of an optimisation of agri-food supplychains at a global level.
Even before the pandemic, global supplychain were fragile thanks to factors such as the US-China trade war, less efficient shipping routes and a huge drive to cut costs by consolidating loads. Unpacking expected disruptions across the supplychain for manufacturers and distributors.
Many manufacturing companies still rely on Excel for all sorts of tasks including scheduling, inventory management and data analysis. However, today’s manufacturers need a more robust, effective, connected, and specialised tool to run their businesses. Collecting data for effective usage with business intelligence.
In our previously published SupplyChain Matters Editorial commentary , The Federal Reserve’s Interest Rate Action and the Signal for Assessment , this Editor provided a summary of likely implications that industry supplychain leaders and their respective teams should be focusing on in the coming months. cyberattacks.
In recent years, there has been a significant shift in the supplychain industry as more and more women are choosing careers in this traditionally male-dominated field. This rise of women in the supplychain is not only breaking gender barriers but also bringing a fresh perspective and new ideas to the table.
Winter is coming and it might not be much fun for the supplychain. Some of the hardest hit product categories are the summer seasonal items due to supplier, manufacturing and supplychain problems. 3 SupplyChain Seasonality Trends and Issues. Welcome to Year Round Seasonality. This is happening globally.
The COVID-19 pandemic exposed vulnerabilities in supplychains around the world and the dust has never settled. Positive cases have been on a downward trend but supplychain disruption shows no sign of slowing down. How Have Global SupplyChains Changed Since the Pandemic?
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