There is a lot of talk these days about bringing off-shored manufacturing operations and jobs back to the United States. The narrative is “We have high unemployment in this country, the cost advantage of manufacturing in China and elsewhere is shrinking, and we can’t afford to become even more dependent on foreign countries for manufactured goods, so let’s bring these operations and jobs back home.”
It’s a good, simple-to-understand… Continue reading
In my predictions for 2012, I wondered aloud if this was going to be the year when cyber attacks take down supply chains. We were barely into January when Zappos announced that a cyber attack had compromised the accounts of 24 million customers. And just yesterday, news broke that Chinese hackers had access to the corporate computer network of Nortel Networks for almost a decade. According to a… Continue reading
Cargo theft incidents increased 8.4 percent in 2011 compared to 2010, according to the 2011 US Cargo Theft Report published last week by FreightWatch International. The 974 cargo thefts recorded last year was the highest on record.
Here are some interesting statistics from the report:
If you predicted that we would publish a “predictions for 2012” piece today, then congratulations, you are a true visionary! Of course, it was a safe bet to make because we always share what we see in our crystal balls this time of the year (click here and here for our 2011 and 2010 predictions, respectively).
Our predictions don’t always hit the mark, but our main goal… Continue reading
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Guest Commentary: Preventing Cargo Theft in the Supply Chain
Today’s economy is driven by a global supply chain where goods move around the world 24/7. As supply chains grow more complex, so does the ability to secure goods. One of the biggest challenges affecting businesses today is cargo theft, and the resulting potential disruption of the supply chain.
How large is this problem?
While difficult to quantify, the FBI estimates cargo theft amounts to $15 to $30 billion… Continue reading
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