From the decreased freight into California ports to Panama Canal reroutes, global logistics is facing mounting pressures. In this Supply Chain Byte, Lisa Anderson breaks down the realities of real-world disruptions affecting freight movement—and how supply chain leaders must respond.
Geopolitics Dominate Supply Chain Discussions Almost every supply chain chokepoint has geopolitics dominating the discussion. From the Panama Canal to the Suez Canal to the South China Seas and Greenland, geopolitics and supply chains have circulated in the news. For companies to be successful navigating this VUCA (volatility, uncertainty, [...]
Supply chain is rife with disruptions, and it’s not going to change any time soon.
All it takes is a month on the ropes to potentially crash your business, Lisa Anderson warns in this article for Inc.
Volatility, uncertainty, complexity, and ambiguity (VUCA) have plagued medtech’s supply chain since the pandemic. Drug shortages last year hit their highest levels in a decade, with 99% of hospital and health system pharmacists experiencing medicinal dearths, according to an American Society of Health System Pharmacists (ASHP) survey.
The latest Francis Scott Key Bridge collapse has caused massive diversions on the East Coast and in the Baltimore region and points out the need for backup sources of supply and agility in the supply chain.
The supply chain is in a constant state of disruption. As we discussed on Supply Chain Chats, simple backup plans are no longer enough. In fact, you can look at recent events and determine if a backup is sufficient. Starting with the pandemic, of course, most if not all companies didn't have a sufficient enough backup plan.
COVID-19 may no longer be a significant public health threat, but the global supply chain remains chock full of risk. The threats are seemingly everywhere these days: The Israel-Hamas war, which is sabotaging trade routes in the Red Sea; extreme drought, which is curtailing shipping in the Panama Canal, and China’s military aggression, which is threatening lawful commerce in the South China Sea.
Lisa Anderson was quoted in this article on Inc., reminding businesses that diversification of supply chains is key especially during times of disaster and infrastructure rebuilds.
NTD TV in New York interviewed Lisa Anderson about the Baltimore Bridge Collapse the Supply Chain Impact to discuss the economic impact.
