Prewave’s Post

Great read highlighting some of the reasons behind why today’s Supply Chains are in a constant state of risk and disruption management and mitigation.

As the world navigates the turbulent waters of the Red Sea issues, the impact on global supply chains is palpable. Let's dive into the complexities and chart a course for resilience. 1. The Ripple Effect on Supply Chains: The Red Sea predicament is casting waves across the supply chain spectrum. From port delays to rerouted shipments, businesses are facing unprecedented challenges. Major shipping companies are rerouting vessels, adding roughly 10 days to Asia-Europe trips. The Suez Canal, handling 12% of global trade, is now bypassed. This shift may lead to port congestion in the UK and Europe, impacting turnaround times at major hubs. 2. Risk Management Amidst Uncertainties: In times of uncertainty, robust risk management becomes the compass. Navigating through geopolitical disruptions requires a keen eye and proactive strategies. Manufacturers need to embrace a risk-focused approach, understanding indirect risks and leveraging risk intelligence to avoid drastic consequences. 3. Logistics in Uncharted Territories: Logistics, the heartbeat of supply chains, faces a new set of challenges. Efficient tracking and adaptability are paramount. Charting a Course for Operational Excellence: Amidst the storm, there's an opportunity for businesses to reevaluate and fortify their supply chain foundations surrounding superior risk management. How is your business navigating these waters? #SupplyChain #RiskManagement #RedSeaChallenges #OperationalResilience ********* I’m Sachith, Sales Development Representative at Kavida.ai we help procurement managers ensure every order arrives on time, every time Follow us as we push the boundaries of procurement risk management and supply chain visibility

Understand the power of Resilinc's Multi-Tier Mapping and Monitoring Solution, enabling comprehensive visibility and control over your supply chain. Learn more here: https://okt.to/nb6iOF #supplychainmanagement #resilience #mapping #monitoring

There have been many supply chain disruptions in 2023, understand the power of Resilinc's Multi-Tier Mapping and Monitoring Solution, enabling comprehensive visibility and control over your supply chain. Wishing you all a Happy & Resilient New Year ahead! Learn more about our solution here: https://okt.to/zY7j2K #supplychainmanagement #resilience #mapping #monitoring

Understand the power of Resilinc's Multi-Tier Mapping and Monitoring Solution, enabling comprehensive visibility and control over your supply chain. Learn more here: https://okt.to/IsSH7W #supplychainmanagement #resilience #mapping #monitoring

Understand the power of Resilinc's Multi-Tier Mapping and Monitoring Solution, enabling comprehensive visibility and control over your supply chain. Learn more here: https://okt.to/5jZKYJ #supplychainmanagement #resilience #mapping #monitoring

From geopolitical tensions to natural disasters and the ongoing impacts of the pandemic, businesses are facing a perfect storm of challenges that necessitate a proactive and strategic approach to supply chain management. As supply chains become increasingly complex and interconnected, organizations must prioritize resilience as a strategic imperative. This involves not only identifying vulnerabilities within the supply chain but also implementing measures to enhance flexibility, redundancy, and agility. Dive into the insights: https://lnkd.in/eR3KSqVr

Daniel Luttner was recently highlighted in an article on Geopolitical Risks and Supply Chains by Tech Trends Post. To read the complete article, visit https://lnkd.in/efrSZc7s ... Although many companies are looking at near-shoring or reshoring manufacturing to mitigate some of these risks, Luttner understands that globalized supply chains are not going away. Since that is the case, he insists, “Supply chain practitioners have never been in a more valuable position to play a critical role in enterprise decisions.”