Businesses, supply chain, and the world are experiencing disruption, volatility, and chaos. In this period of geo-political risk, interest rate spikes, fears of recession, labor shortages, and more, successful businesses will focus on the fundamentals.
On a recent trip to Europe, I was fortunate to combine work with pleasure. Finland is diverse from Helsinki to the arctic circle, and we were thrilled to gain picturesque views of the northern lights. I was surprised there are multiple cruise ships that go from Helsinki to Estonia each day because the people and countries are interconnected.
CLAREMONT, Calif., April 11, 2023 /ExpertClick/ - Integrating supply chain technology, addressing supply chain talent scarcity, and unifying end-to-end port platforms are the biggest challenges for companies today, according to the Supply Chain Special Interest Group of The Society for the Advancement of Consulting® (SAC). Successful companies are adapting by [...]
According to PMSA (Pacific Merchant Shipping Association), the five big West Coast ports have lost volume - 702,083 fewer loads and empties were handled in January and February 2023 than in the same period pre-pandemic in 2019. This equates to close to a 16% reduction. Specifically, the Port of Long Beach was off by 18.7% from January 2019 [...]
Success in today's volatile business environment isn't about predicting every disruption—it's about preparing for it. Learn practical strategies to strengthen resilience, optimize inventory, retain key talent, leverage technology, and use SIOP to position your organization for profitable growth.
Rising interest rates have made cash flow and liquidity more important than ever. Learn how manufacturers can reduce excess inventory, improve working capital, and strengthen customer service through SIOP and better inventory management.
Listen to find out how some of the top supply chain consultants around the world are working with their clients to help them deal with rising inflation and interest rates.
As has been all over the news, the Chinese sent a spy balloon which floated across the U.S. for about a week. According to US senior military officials, it is confirmed that the balloon is tied to a major surveillance program run by China's military. It has politicians and citizens up-in-arms about the potential impacts, and it bolsters concerns about China.
Despite all of our hopes for a post-COVID future, in 2022, the world did not return to normal. New disruptions slowed the recovery significantly and inflation created new complications. According to a 2022 report from Interos, supply chain interruptions have cost companies an average of $182 million in lost revenue this year.
The Wall Street Journal recently issued an article about how supply chains upended by COVID are back to normal. “There is no such thing as normal, despite the fact that supply chains are looking at COVID in the rearview mirror. While suppliers may be more consistent at the moment, customer expectations have changed.
