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The new year has arrived and so has the new wave of noteworthy news coming out of the supplychain space. Last year there were widespread strikes of ports on the East Coast, they were halted by a bandaid solution but the UnitedStates Maritime Alliance is set to resume contract negotiations on January 7th.
Trade policies are constantly evolving, forcing companies to assess how these changes impact customer demand, supply networks, fulfillment strategies, and cost to serve. Supplychains need to be more agile than ever, yet much of the advice circulating in the industry remains high-level or less than ideal.
The global supplychain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. In March 2023, the Global SupplyChain Pressure Index fell to the lowest level since November 2008. Over the past three years, supplychain cycles shifted.
Supply management. Supplychain management. Supplychain planning. The lack of interoperability between decision support platforms is a problem for companies attempting to improve decisions from the channel to supplier bi-directionally through technology. Are these terms the same? The answer is no.
For the athletes to beat all odds over 329 events across 32 sports, the organizers had to navigate a significantly challenging global supplychain to successfully host this year’s games. Reducing reliance on single suppliers and diversifying supply sources can mitigate the impact of disruptions in specific regions or industries.
” Dragons are a good analogy for the risks faced by supplychains. No one can say for sure what dragons lie ahead in 2025 for supplychains, but some risks are known. Navigating this years looming risks to build a secure supply network has never been more critical.[1] ”[3] Climate Change.
Michael Jacobs, Senior Vice President SupplyChain, Ferguson. Mr. Jacobs is the senior vice president for supplychain at Ferguson. While nominally a distributor, “supplychain management is our core competency. In particular, Ferguson’s supplychain is built for speed and to provide high service levels.
The Manufacturing SupplyChain Journey through AI and Automation Manufacturing SupplyChains Explained The manufacturing supplychain comprises all the processes a business uses to turn raw materials and components into final products that are ready to be sold to customers, whether these are consumers or other businesses.
”) So, I sat across from a stranger on a cold winter night, the only thing that we had in common was our experience in supplychain planning. . And won’t the supplychain follow suit?” I thought back to the press releases I wrote at prior technology companies, which only had a glimmer of truth.
The Covid-19 pandemic tested the global supplychain. Like riding a bumpy road, the supplychain leader is riding the ups and downs of changing market conditions facing greater variability day-to-day. Here, based on interviews with supplychain leaders, I share lessons learned. It will not be over soon.
Table of Contents The Peoples Republic of China (PRC) recently banned exports to the UnitedStates of three critical minerals antimony, gallium, and germanium along with other high-tech materials that are used in industries that are vital to U.S. Geological Survey show: The PRC supplies more than 50% of U.S.
I use this example to illustrate the challenges (or, perhaps, the futility) of making supplychain and logistics predictions. The EIA now expects that “global liquid fuels supply will continue to outpace consumption, resulting in an average stock build of 0.4 as of this morning — a lower price than 5 years ago!
Companies implementing supplychain planning (SCP) have traditionally been very big companies or companies with complex supplychains. Supplychain planning is not just for the big boys. Myers Industries (NYSE: MYE) is headquartered in Akron, Ohio in the UnitedStates.
I suspect robotic process automation (RPA) is not a frequently discussed watercooler topic — and, when it is, the discussion probably involves back office, white collar, swivel chair work. The connection between RPA and supplychain functions may not be clear until you realize just how much paperwork is involved in supplychain transactions.
When I started my business in 2012, I frequently wrote about the future using the moniker of SupplyChain 2020. We had just recovered from a recession, and my goal was to help supplychain leaders create a better supplychain by the end of the decade. At that time, SupplyChain 2020 seemed so far away.
With a focus on Ryder’s freight brokerage group, Kevin is responsible for supporting a growing portfolio of accounts across the UnitedStates. Kevin joined Ryder in October 2015 and led Ryder’s outsourced transportation procurement activity as senior director.
VF Corporation is Building a Highly Automated DC on the West Coast. Anytime you have a chance to talk to an executive vice president in charge of the global supplychain of a nearly $12 billion corporation, you know you will learn some things. Cameron Bailey, EVP of Global SupplyChain at VF Corporation, did not disappoint.
Will the supplychain ever catch a break? With every link of the supplychain impacting businesses both large and small, keeping up with the globally disrupted supplychain evolution is a recipe for whiplash. Raw Material Shortages Are Affecting a Challenged SupplyChain.
Supplychain management technology has a fault line. The technology market for supplychain management is dramatically shifting. There are five fundamental shifts: Redefinition of Decision Support Software. This transfer of ownership reduced the effectiveness of procurement. Seismic shifts.
Andy is the Vice President of Product at MVMNT , a Chicago based TMS firm that is developing technology to meet the needs of smaller brokerages, giving them access to features typically only available to large enterprises. Andy is a graduate of Iowa State University’s SupplyChain Management program.
Automation has brought a lot of value to industries across the UnitedStates in recent years. When used correctly, it can increase output, and allow you to bring customers exactly…
In Lora Cecere’s SupplyChain 2020 study, the Internet of Things (IoT) was considered one of two disruptive technologies with the greatest potential impact on supplychain effectiveness, above technologies such as 3D printing and robotics. The next posting will be on January 8 th , 2019.
It is no secret that procurement executives are constantly seeking innovative ways to maximize efficiency and address unexpected supply disruptions. However, procurement is evolving into much more than the most cost effective option since the cheapest option often involves real world atrocities like child and forced labor.
Global supplychains are built on three assumptions: rational government policy, availability of transportation resources, and low variability. Supplychain leaders have little history to use as a guide to prepare. Before the pandemic, supplychain leaders experienced relatively free trade across borders in 2017.
Last week, Ivalua partnered with Ardent Partners to discuss Procurement 2022: Big Trends and Predictions. . Procurement 2022: Big Trends and Predictions. #1. Enterprises will continue to undergo the financial burden of revenue disruptions, consumer , and uncontrolled supplychain variables. . View Webinar Replay.
Over the last five years, I have helped two companies, Sonoco Products and Owens Illinois (OI) with their selection of technologies to improve Sales and Operations (S&OP) planning. They were unclear on their supplychain strategy and the role of supplychain planning. The decision was a political tug of war.
While companies have capitalized on globalization over the last few decades, the COVID-19 pandemic exposed a number of weaknesses within supplychain and procurement industries. Avoid the Instability of International SupplyChains. This gives you greater control over the details involved in your supplychain.
Read about a venture capital studio that implemented procurementsoftware to manage purchases for 10 portfolio companies in addition to their own. Another aspect of the team’s work is to set up and support ongoing processes, like marketing, strategic planning, and operational activities like procurement.
In the 1990s supplychain planning was over-hyped. Then it was a new and promising technology category. As a result, software sales slowed. The growth of the supplychain planning technology market disappointed investors resulting in consolidation and the decline of best-of-breed solutions.
Two recently published studies identify the top disruptions that impacted industry, business and global supplychains during 2024 and our expected to be present in 2025. According to the releas e , overall disruptions to global supplychains increased 38 percent on a year-over-year basis.
In the UnitedStates, families are packing for labor day. So, with labor day approaching, I am penning a blog on supplychain talent. Labor day also signals the end of summer, and for many supplychain leaders the beginning of 2017 strategy discussions and intense S&OP debates to finalize Q3 and Q4 planning.
Public Procurement: Building Business Cases and Driving Momentum. For the Government, supplier diversity programs are something procurement professionals in the UnitedStates (US) have accepted as a key element to their procurement success. Agile Procurement in Canada.
As I look below, I see field after field of UnitedStates farmland. High-tech manufacturers in the Silicon Valley of the UnitedStates are some of the best at supplychain planning. In this tough market being good at supplychain planning is a critical element to be competitive.
When I was a small child growing up in the mountains of West Virginia in the UnitedStates, on snowy days, my family would gather around the kitchen table and play board games. For the supplychain leader it is not a game… The stake is business continuity. Gamers do well in the world of supplychain.
As I look below, I see field after field of UnitedStates farmland. High-tech manufacturers in the Silicon Valley of the UnitedStates are some of the best at supplychain planning. In this tough market excellence in supplychain planning is a critical element to be competitive.
The partnership accelerates procurement digital transformation with Ivalua. REV Group embarked on its sourcing and procurement transformation earlier this year, which included four appointments to REV’s global sourcing and supplychain team, representing the Fire & Emergency, Commercial and Recreation segments.
Logistics and SupplyChain – 1940 to 2040 with Jason Miller. Jason Miller and Joe Lynch discuss logistics and supplychain, 1940 – 2040. Jason is a professor of supplychain at Michigan State University, which is ranked as one of the top supplychain schools in the world.
The average SupplyChain management professional measures their SupplyChain by reviewing cost reduction. Is cost reduction all that there is in measuring SupplyChain performance? 3 Key Metrics for Measuring SupplyChain Performance Beyond Cost Reduction. Isn’t time important?
2013 Trends and Strategies in Logistics and SupplyChain Management: Embracing Global Logistics Complexity to Drive Market Advantage. The key results of this study by BVL International on trends and strategies in logistics and supplychain management are summarized, as follows.
The SupplyChain Matters blog provides perspectives relative to despite having a tentative back-to-work wage negotiation, the outstanding issue of port automation provides added concerns for global industry supplychain teams. ports lag behind other global ports in automation focused on increased throughput.
SupplyChain Basics with Jason Miller. Jason Miller and Joe Lynch discuss supplychain basics. Jason is a professor of supplychain at Michigan State University, which is ranked as one of the top supplychain schools in the world. Key Takeaways – SupplyChain Basics.
It’s a new age, and businesses must be able to adapt their supplychain to the times. Thanks to modern technology, decentralising your supplychain is now a potentially viable option. But what is a decentralised supplychain, what are the pros and cons, and why is it different to a centralised supplychain?
Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. For those of you who are executives in SupplyChain, Procurement or New Product Introduction/Development, this is a must read. Globalization. Integration.
In the current era, it is clear that new modes of production are concomitant with new modes of distribution, which advances the field of logistics, the science of physical distribution or even supplychain management. Reminder of Key Definitions – Logistics & SupplyChain Management. and J-P Rodrigue (2004)).
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