article thumbnail

Beyond Resilience: 5 Steps to Building an Antifragile Supply Chain

Logistics Viewpoints

But in today’s world of pandemics, geopolitical shocks, and extreme weather events, efficiency alone is a fragile strategy. Action Plan: Map your supply chain, visualizing key nodes (suppliers, plants, logistics hubs). Calculate TTR and TTS for each node and subtract ( TTR – TTS ).

article thumbnail

Sourcing Strategy: Effective vs Efficient with Ron Crabtree

The Logistics of Logistics

The upshot of all this is the result of now we very brittle supply chains, now inherently susceptible to massive disruption – even by a single event – such as the tsunami event in Japan. Response to node failures is robust. Attributes of sourcing strategies that focus effectiveness: High Adaptability. High Responsiveness.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

KRONOS Worldwide Improves Service and Reduces Costs with Managed Trans

Logistics Viewpoints

Autonomy led to a complex supply chain with shipments that traveled too many miles and required too many touches across the nodes. Uber Freight procurement events now require that the selected carriers be able to provide visibility to shipment status. There have also been customer service improvements.

article thumbnail

Mastering Disruption: A Smarter, More Connected Approach

Logistics Viewpoints

With its ability to monitor conditions across the supply chain at every node and touch point digitalization provides the only practical solution. They can ingest large volumes of functional data and leverage advanced intelligence to recognize broad trends and specific disruptive events. billion to $23.07

article thumbnail

The Dispatch Report + Full Product Launch | January 2019, Issue No. 10

Shipchain

We recently wrapped on a launch event in Tokyo, Japan with the majority of our team. This initiative was recently announced at our launch event, and pending final agreements we’ll be able to share the names of the companies and further details. Upcoming Events. We completed a launch event in Tokyo, Japan with our team.

article thumbnail

Supply Chain Predictions for 2022 and Beyond

Logistics Viewpoints

This is creating the need to shrink the time between identification of a sourcing need and executing on a sourcing event. The new generation Design-to-Source technologies allow for gaps identified during the supply chain design phase to be turned into sourcing events that can be created and executed.

article thumbnail

Is It Time to Move Beyond the Traditional Approach to IBP?

Logistics Viewpoints

Event-driven IBP – technological capabilities to monitor internal and external events (Supply Chain Control Tower) in real time. Contextualize and quantify event impact and be able to trigger re-plan in an integrated supply chain planning solution to create an executable and feasible plan.