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5 examples of the black swan theory

Logistics at MPEPS at UPV

The black swan theory or theory of black swan events is a metaphor that describes an events like the economic downturn and pandemic that comes as a surprise, has a major effect, and often change the direction of politics, the economy and business, and influence the course of history. Now it is a retail leader in Asia.

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Supply Chain Data Visibility Paramount as Industry Lurches into Next Chapter

IoT World Today

Supply chains will survive COVID-19, of course, but not without interim pain and structural change. Compare China’s share today with 2002, during the SARS epidemic, when China represented only 4% of world GDP. Shortages for in-demand products abound, while shipment delays are common and production lines run at a fraction of capacity.

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MSC and GBRf sign new five-year rail deal

Logistics Business Magazine

GBRf has been a provider of rail services to MSC since 2002. MSC commented: “MSC is once again delighted to confirm a new five-year deal with GBRf, who have been supporting MSC with our intermodal rail services since 2002. John Smith, Managing Director at GB Railfreight , said: “We are thrilled to have signed this contract with MSC.

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[Infographic] 21st Third Party Logistics Study Shows Increased Use of 3PLs & Shippers

GlobalTranz

Of course, there are still hold-outs that foresee possible problems with these relationships. In 2002, the third party logistics study first began surveying respondents on satisfaction with the level of information technology (IT) services available through 3PLs. Mergers and Acquisitions Give Rise to Nervousness Among Some Shippers.

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“Becoming a good driver is not easy”

World Food Programme Logistics

I worked briefly with WFP from December 1999 to May 2002 for emergency relief, and then started working with WFP again when they reopened their operations in October 2003. He’s interested in constantly learning new skills, including first aid through training courses offered by WFP.

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Reflections on East Timor by a logistics unit commander – twenty years on

Logistics in War

3] While these deployments were small in comparison to East Timor, most of the problems that arose with INTERFET had surfaced in some way during previous ADF deployments to Somalia (1993) and Bougainville (1997-2002) and there was ample opportunity for an appropriate lessons learned process to be applied.

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How to Improve Manufacturing Floor Data Collection

GlobalTranz

Although it was published in 2002, the case study highlighted the data collection struggles of a particular manufacturing company that probably rings true for many SMEs and large corporations alike. A case study, published by Modern Machine Shop several years ago, caught our eye recently.