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5 examples of the black swan theory

Logistics at MPEPS at UPV

Today we are going to find out what the black swan theory means, how it affects the economy and the society overall and several examples of how the black swan events have changed the words. Even though,the black swan events are often inappropriately rationalised after the fact with the benefit of hindsight.

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A Lean Leadership Pocket Card

The Lean Thinker

It was our job to teach our continuous improvement people how to do that coaching and assisting – beyond just running kaizen events that implement tools. Here’s an example: Say your plant has a set of rules about how fork trucks are to be operated – speed limits, staying out of marked pedestrian lanes, etc.

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Creating a Green Marine Supply Chain

Logistics Viewpoints

Plus, extreme weather events and changing storm patterns challenge seafaring vessels. To see these regulations through, the IMO is aiming to reduce total annual greenhouse emissions by 2050 by at least 50% compared to 2008 [4]. A storm, for example, could slow the vessel down and increase transit time from one port to another.

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The History of the Shipping Container

Freightos

Did You Know That … Early examples of intermodal containers include railroads from 1830s (various sized containers), and Pennsylvania Railroad regular container service (1929). Example of the massive decrease in dock workers as a result of containerisation. Loading and unloading was particularly troublesome. Significance.

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[INFOGRAPHIC] Attracting Millennials to Manufacturing: Understanding Millennial Experience in Order to Gain Talent

GlobalTranz

Millennials have witnessed countless layoffs, periods of market instability, offshoring of manufacturing entities , and other significant events in their lives. Unfortunately, these events lead to one common issue: millennials do not view the manufacturing industry as previous generations did. Economic Instability.

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Vessel Accidents Have Increased, Are You Prepared?

CH Robinson Logistics

Compared to the 1,382 containers on average lost per year between 2008-2019 as reported by The World Shipping Council, that’s a big jump. For example, a recent maritime accident in December 2020 resulted in freight being held in Japan. What’s the reason for it? Here’s what you need to know. Have a backup plan to deal with delays.

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Is Your Supply Chain Ready For Weather Disruptions?

Blue Grace Logistics

These disruptions are like black swan events which no one can forecast or plan for in advance. For example, according to reports , the 2011 earthquake and Tsunami in Japan had caused grave damage to infrastructure and manufacturing facilities in the country. What can you do to make your supply chain ready to weather disruptions?