A well-oiled supply chain is the lifeblood of any business in today’s globalized economy, but what happens when unrecognized risks suddenly disrupt the supply chain? Read this blog for insights on how these hidden risks can manifest, the impact they can have on your company and what you can do to identify and mitigate them before they escalate and cause full-blown disruption: https://bit.ly/3zLlAmi #SupplyChain #SupplyChainRisk #SupplyChainManagement
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There is undoubtedly a global supply chain crisis. That is not the problem. The question on the minds of many supply chain enthusiasts, experts, and professionals is why and how they can navigate this crisis. We have the answers here https://lnkd.in/dXe6rkca
Why is There a Global Supply Chain Crisis?
https://supplychainnuggets.com
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In a globalized world, supply chain risks like natural disasters, cyberattacks, and economic shifts can cause costly delays and disruptions. Key risks include supplier failures, logistics issues, and regulatory changes. To mitigate, businesses should focus on diversification, resilience, and tech-driven solutions for real-time monitoring #SupplyChain #RiskManagement #BusinessContinuity #GlobalTrade #Logistics https://bit.ly/3TpbhLO
9 Ways to Reduce Supply Chain Disruptions
oracle.com
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Are you prepared for the next supply chain disruption? An HSBC analyst was recently interviewed by Yahoo Finance and was quoted saying "We're in a new era", and supply chain disruptions are the new norm. How is your organization currently measuring and monitoring supply chain risks?
'We're in a new era' of supply chain disruption, HSBC analyst says
finance.yahoo.com
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KPMG and ASCM state four factors considered as the Supply Chain Stability Index. Check the report below to see what they are. https://lnkd.in/dnfD-P2V #freightforwarding #exportandimport #supplychain #index
KPMG and ASCM Unveil Latest Supply Chain Stability Index
supplychaindigital.com
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Young Leader in Business Award Finalist | Head of Channel Sales & Partnerships | Threat Intelligence & Cyber Risk Management
Are you prepared for the next supply chain disruption? In a world where 'global supply chains are more complex than ever before', disruptions are coming from every angle. An HSBC analyst was recently interviewed by Yahoo Finance and was quoted saying "We're in a new era", and supply chain disruptions are the new norm. “Supply chains are complex, and even when things are produced here in the United States, there’s a number of different components that are produced in Asia, in Europe, in other markets around the world,” (the HSBC analyst) said. “Take a look at the risks holistically. Don’t just look at one category of your products. Do you have a geopolitical risk in one country versus another? Is there a risk from a transport aspect in another country?” How is your organization currently measuring and monitoring supply chain risks?
'We're in a new era' of supply chain disruption, HSBC analyst says
finance.yahoo.com
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Have you noticed supply chain issues have been garnering more and more attention in the media over the past few years? It's partially a result of the “just in time” approach, which typically moves materials right before they’re needed, opening up businesses to a range of risks. Our client, Coupa Software’s, Senior Director of Supply Chain Strategy, Nari Viswanathan, shares why the world’s supply chains are on a tailspin in a recent Business Insider article. Check out Nari's chat with Huileng T. below where they discuss how major factors like increased geopolitical tensions, climate change, and shipping accidents are all signs that it’s time to update this “just in time” approach.
3 reasons why it feels like supply chains are always screwed up
businessinsider.com
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Happy New Year! Supply chain risks never sleep. They don't distinguish between 2023 and 2024. They manifest in the worst of times when we are most unprepared. How do you future-proof your supply chain in this relentless world of disruptions and unforeseen, high-impact risks? It all starts at the design stage. If you design your supply chain for resiliency, keep enough optionality, and run enough simulated scenarios, then the supply chains are pressure tested and ready to win their competition. Coupa Software Coupa Supply Chain, powered by LLamasoft Dean Bain Nick Martin Andrew McCarley Carter Reue
Have you noticed supply chain issues have been garnering more and more attention in the media over the past few years? It's partially a result of the “just in time” approach, which typically moves materials right before they’re needed, opening up businesses to a range of risks. Our client, Coupa Software’s, Senior Director of Supply Chain Strategy, Nari Viswanathan, shares why the world’s supply chains are on a tailspin in a recent Business Insider article. Check out Nari's chat with Huileng T. below where they discuss how major factors like increased geopolitical tensions, climate change, and shipping accidents are all signs that it’s time to update this “just in time” approach.
3 reasons why it feels like supply chains are always screwed up
businessinsider.com
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In 2024, the landscape of global supply chains continues to evolve. Despite becoming more resilient, a return to the pre-pandemic normalcy remains elusive. In our latest newsletter, we highlight how shifting dynamics and ongoing challenges are shaping the future of supply chain management. From increased resilience strategies to adapting new technologies, the focus is on #sustainable and robust operations that can withstand global pressures. Read more at https://lnkd.in/gQz25xbh.
Supply Chains Resilient, But Return to “Normalcy” Not Likely In 2024
getproductiv.com
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Logistics Branch Manager | Building Brands & Driving Sales Excellence | Delivering Top-Tier Logistics Solutions | Whatsapp: 91 9903122031
Thoughts 💬 Navigating Supply Chain Challenges: Swez Canal Crisis Impact The recent crisis and attacks in the Swez Canal are posing significant challenges to the global supply chain. Anticipated transit time delays of 15 to 20 days in arrivals at Destination Ports are just the tip of the iceberg. This situation could potentially lead to a shortage of essential equipment, impacting our ability to fulfill the heightened demand typically experienced until Chinese New Year. Critical Supply Chain Implications: Transit Time Delays: Expecting delays ranging from 15 to 20 days, affecting the timely arrival of goods at Destination ports. Equipment Shortages: Anticipating challenges in meeting peak demand due to potential shortages caused by the crisis. Operational Disruptions: The crisis is causing a ripple effect, impacting the seamless flow of goods and services. In these challenging times, collaboration and proactive measures are key. As we navigate these uncertainties, it's vital for industry leaders to come together, share insights, and strategize for effective solutions. Potential Mitigation Strategies: Diversified Sourcing: Explore alternative sourcing strategies to minimize reliance on affected routes. Real-Time Visibility: Leverage technology for enhanced visibility into shipments, allowing for timely adjustments. Collaborative Solutions: Engage with industry peers to collectively address challenges and share best practices. Let's use this moment to strengthen our resilience and collectively steer the industry towards smoother waters. Your insights and strategies are valuable in this evolving landscape. ⚓ 🛳 🚢 🛐 🔱 #SwezCanal
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Supply Chain Daily Supplement: How much risk is too much risk? This is generally a question of size, capital, and ultimately the person executing. Do you have a culture where one can take a few risks to help lower your costs? Some risk can be seen and some you and your organization have little to no control over. Shipments delayed/getting lost can be the result of a global conflict/pandemic. for a few recent examples. The best way to de-risk in these situations is to front load quantity to ensure product can go out the door. I see many businesses take a nuanced approach to risk and only apply it when times are good. Opportunities are always available and in times when economies are slowing the extra business you may be able to provide to someone can allow you better positioning or pricing. What risks do you have in you supply chain? How much of an emphasis are you putting on these risk vs de-risking the situation? #supplychain #supplychainmanagement
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