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Peter Tirschwell and Joe Lynch discuss the post-pandemic supply chain. Peter is Vice President in the Maritime, Trade & Supply Chain division of S&P Global , a global data, analytics and business intelligence organization serving sectors including maritime, energy, automotive, petrochemical and financial.
Peter is Vice President, Journal of Commerce, the Maritime, Trade & Supply Chain division of S&P Global , a global data, analytics and business intelligence organization serving sectors including maritime, energy, automotive, petrochemical and financial. the world’s largest container shipping conference, now 23 years old.
For businesses of all sizes, the digital transformation of supply chain planning became the most important initiative. . Considering this surge in digital transformation and the changing needs of 2021, here are some insights and tips for embarking on Supply Chain Digital Transformation projects. Digital Transformation Journey.
Like any Supply Chain, Retail Supply Chains have their own unique challenges. They’re different from the Supply Chains you might see in industrial companies or wholesaling companies. The retail supply chain is dealing with the consumer directly and the customer really is King. Quality is of course a given.
For business leaders, understanding these emerging trends is crucial to navigating the complexities of the modern supply chain and maintaining a competitive edge.” ” Strengthening Supply Chain Resilience “The past few years have underscored the importance of supply chain resilience.
According to one survey , only 27% of leaders believe that they have the talent needed to meet current supply chain performance requirements. What should supply chain leaders be looking for to close the talent gap? AGCO Logistics Team Accepts Prestigious Supply Chain Award. Mr. Stevens talked about their supply chain initiative.
My recent conversations with the supply chain practitioners are dominated by supply chain risk — specifically geopolitical risks in light of the ongoing Russian invasion of Ukraine. Even companies that serve markets and rely on supply chains that are not directly affected by the conflict are starting to feel the effects of the war.
I want to discuss some thoughts I have on scenarioplanning and why I think this skill is the future of supply chain management and planning. As great supply chain managers, we all like to show how great we are with math and how great we are with developing algorithms to come up with “the number”.
This promises to be a very eventful year. What’s on the horizon for supply chain professionals? Microsoft also announced they plan to be carbon-negative by 2030. . Many are relying on advanced analytics to optimize their supply chain for sustainability. Here are three trends to consider. .
Severe weather events are the new normal. Can the logistics industry handle more supply chain disruption? Plans = ruined. Severe weather events are becoming more intense and commonplace, causing supply chains to struggle. Is your supply chain prepared? Now, they occur once every three weeks!
Many large enterprises use one form or another of a supply chain application to help manage their supply chains. Supply chain vendors have been touting their investments in artificial intelligence (AI) for the last several years. Lead times, for example, are a critical form of master data for planning purposes.
At that time, I wrote about the COVID pandemic, and how similar events occur that elevate the uncertainty of the market. These events make accurate forecasting very difficult. Substitutesare also relevant due to today’s supply constrained environment. Review of Prior Impactful Events.
2025 has had a crazy, eventful start! Sometimes projects are planned for six plus months, with some exceeding 24 months. Of course, there is freight that I can pick up other places but that would require a lot of deadhead miles. This will for sure be an unpredictable and eventful year. Where do we start?
Has your company ever suffered problems with, implemented, or even considered implementing a sales and operations (S&OP) planning process? More to the point, though, for S&OP to be effective, it matters not whether a company uses Excel spreadsheets or the latest best-of-breed sales and operations planning software.
Of course, a high stock price enriches those people who already own shares, and makes options and stock grants more valuable, but they didn’t get into that either. They used those times to build what were essentially Gantt Charts of the production plan for each worker.
That can make it difficult to meet your delivery times unless you take proactive steps now to minimize the risk in your supply chain. With all of the regular disruptors, it’s best to be as proactive as you can in your planning. History can inform how we approach the next significant event. Look ahead at your 3-month forecasts.
Key Takeaways from This Article: COVID-19 has unveiled the fragility of a global supply chain predicated on lowest-cost principles. Increasing supply chain data visibility is a priority for logistics organizations looking to improve resilience. The COVID-19 crisis has hit the global supply chain from all sides.
I work in supply chain. If I had done due diligence, I’d have seen the warnings – the retailer had pretty pictures on their website, but their supply chain failed them, creating an eleven-month saga and unhappy customer. The issue wasn’t poor planning – they had the inventory. I should have known better.
Cooper University Health Care Relies Upon Real-time Alerts to Improve Operations Cooper University Health Care, like most companies, struggled with their supply chain during COVID. The company bought a risk solution that provides real-time alerts to potential supply disruptions. We knew exactly what we couldn’t get.”
Digital Twin from Infor Nexus Drives Supply Chain Agility. When it comes to driving supply chain agility there are several solutions that are important, but the key solution is a Multi-enterprise Supply Chain Network (MSCN). COVID of course taught companies the need for agility. Stuff happens.
Getting started with AI in supply chain might not start where you think. Some try delving into deep learning or a crash course in generative AI (GenAI), but I don’t recommend starting there. Instead start with the foundation of your AI strategy, which should be an understanding of your company’s supply chain and your data.
Because of service disruptions – not being able to buy toilet paper, for example – the supply chain has been more discussed than ever before. It was also a very, very tough year for supply chain professionals working in the grocery supply chain. During the pandemic, extreme error events rose to 38%.
In today’s dynamic and unpredictable business environment, companies face various challenges such as changing consumer demands, global uncertainty, and the impact of natural and man-made events. The purchasing of products at companies can be looked at in terms of two major dimensions: supply risk and impact on production (Figure 1).
In February, Klaus Niebur, the director of global supply chain risk management at Autoliv, and Jan Thiessen, the managing director at targetP!, spoke on best practices on supply chain risk management at ARC Advisory Group’s Digital Transformation in Industry conference. in turn, is a boutique procurement consultancy.
Anytime you have a chance to talk to an executive vice president in charge of the global supply chain of a nearly $12 billion corporation, you know you will learn some things. Cameron Bailey, EVP of Global Supply Chain at VF Corporation, did not disappoint. Achieving Agility with Regional Supply Chains.
Risk permeates supply chains. The best-laid plans to avoid as many risks as possible often fall on deaf ears in supply chain management, but supply chain executives who take the time to understand the greatest threats can successfully position their companies to overcome such risks. In the short-term future.
Chakri Gottemukkala, CEO at Supply Chain Planning Vendor o9 Solutions There are several young supply chain software companies that are unicorns. o9 Solutions has grown from a small company to a significant player in the supply chain planning (SCP) market in a short period of time. billion after a funding round.
Most c ustomers may never give it a second thought, but business owners are well-acquainted with the fact that supply chains operate like a well-oiled machine. Due to the COVID-19 pandemic, disrupted supply chains made it difficult to provide communities with pandemic response, including food, vaccines, and other medical supplies.
Here at Benchmarking Success, we exist to help our customers improve supply chain performance. Of course, the criticality of such elements is the same now as it always was. If the COVID-19 crisis taught us anything, it’s that a single, cataclysmic event can bring industry and commerce to a near-standstill.
Supply chains are changing fast, and 2025 is set to bring even more challenges and opportunities. From new tech breakthroughs to changing customer expectations and unexpected global events, businesses need to stay flexible and ready to adapt. In 2025, businesses with eco-friendly supply chains will gain a major competitive advantage.
The Internet of Things (IoT) seems to be popping up in more conversations throughout the entire supply chain , and more businesses have turned towards IoT experts for guidance on how to take advantage of its benefits. The IoT Supply Chain and Shipping Processes. The Internet radically changed how the world communicates.
So, you are thinking about a career in supply chain? You are not alone, especially as in the time since we first penned this article, one huge and unforeseen event has raised awareness of the global importance of this vital sector—and shown it to be an attractive career choice. What is the Role of the Supply Chain Worker?
In May, I attended the Kinaxis Kinexions event in San Diego, CA. At the conference, I was fortunate to see a presentation from Brent Wilson, Senior Vice President of Global Supply Chain at Qualcomm. Qualcomm uses the Kinaxis Rapid Response solution for concurrent supply chain planning.
In order to avoid incidents of mismatch between supply and demand, establish more efficient manufacturing and lower costs, it is necessary to establish an environment of consistent supply chain visibility. One of the often missing links, however, in supply chain visibility, is transportation management.
Weather events can put a drastic slow down on your operations and unfortunately, it’s practically impossible to predict exactly when these events will happen. Sure, there are seasonal weather events like snow and hurricanes, which gives us a reasonable timeframe in which to expect these types of events.
This promises to be a very eventful year. What’s on the horizon for supply chain professionals? Here are three supply chain trends to consider. . Microsoft also announced they plan to be carbon-negative by 2030. . Many are relying on advanced analytics to optimize their supply chain for sustainability.
A critical component of supply chain management is planning around risks that can compromise the chain, and few risks are more disruptive than extreme weather. In a time when the ill-effects of climate change are being felt around the world more than ever, supply chains have to mitigate for those effects to function year-round.
Severe weather conditions require flexibility and preparedness, prompting ships to change course or delay voyages to escape the force of nature. Challenge 4: Insurance Challenges The rise of extreme weather events creates dilemmas for the insurance industry.
Time To Read: 4 minutes Learn how B2B retailers and B2C home delivery businesses use Simulations to test various scenarios, utilize resources effectively, maximize capacities, evaluate job bids, examine long-term impact and more. Companies can identify the best course of action, minimize negative impacts and make more informed decisions.
In fact, at one conference this spring, after delivering a keynote presentation that had nothing to do with technology, the very first question I received from the audience was “What do you think about blockchain and its potential in supply chain management?”. Of course, the most common question about blockchain is “What is it?”
Shipping industry stakeholders have faced many of these events, and they have changed the shipping industry irrevocably, for good. One event after another pushed the overall supply chain to its limits. There is extraordinary demand in every single part of logistics and supply chain-related service offerings. importers.
We kick off today a month-long focus on trends in the following categories: Manufacturing, Manufacturing Technology, Supply Chain, Logistics, and Transportation Management. 2016 Supply Chain Trends: The First 7 of 12. What 2016 Supply Chain Trends to you expect to see? But, Wait.What is the Digital Supply Chain?
In this captivating article, we delve into the annals of history to explore the most important events that paved the way for the extraordinary development of logistics as we know it today. It required the establishment of reliable supply chains, leading to the emergence of trade caravans, rest stations, and security measures.
It’s challenging for logistics providers to keep up, even in perfect supply chain conditions. But, as we know, supply chain conditions were far from perfect in 2020 and 2021. Just as the world of omni-channel selling is here to stay, supply chain disruptions also seem to have become the norm. The next step?
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