As one who drives the Los Angeles freeway system on a daily basis, it is obvious we need improvements; however, we also do not have time to deal with anything but a quick delivery of these improvements.
The Mexican government took away subsidies on gas, and so prices soared in the New Year.
I took the APICS CLTD (certified in logistics, transportation and distribution) exam yesterday (and passed!); therefore, I have been knee deep in logistics topics this week.
According to the Chartered Institute of Procurement and Supply (CIPS) risk index, risk is the highest since 2013. It is easy to become complacent. Are you adding risk into your supply chain conversations and plans?
In today's Amazon-impacted marketplace, extended supply chains are more interconnected than ever before. Thus, we must be aware of the impacts of our decisions on the rest of the supply chain.
Supply chain risks abound! Just look at the recent bankruptcy of Hanjin. It created havoc in the global supply chain. Ships were virtually stranded on the water. No one knew how they'd get paid. Customers still needed the product. And so the results were scary. Have you thought about [...]
Whether outsourcing, insourcing or near-sourcing or a combination of all three, manufacturers need to reassess their strategies to measure risk and ROI.
Your supply chain is only as strong as your weakest link so you must develop your employees and find ways for them to work together more effectively.
What happens when you have a break in your supply chain? Do you have contingency plans in place to mitigate business interruption?
It is wise to stay on the leading edge of what is of such critical importance to manufacturers, distributors, logistics providers and the economy.
