After all of the (self-made) drama, Republicans and Democrats finally reached an agreement and raised the debt ceiling. It didn’t take long for the media and pundits to pick the winners and losers in the deal (for example, see “Winners and Losers in the Debt Ceiling Deal” published in Knowledge@Wharton and this op-ed by Karl Rove in the Wall Street Journal). This is just another example of how… Continue reading
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Archive for Supply Chain Risk Management – Page 3
Categories : Global Trade, Logistics Service Providers, Supply Chain Risk Management, This Week in News, Transportation
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A couple of headlines caught my attention this month because they highlight different types of supply chain risk.
- Boeing mulling new supplier system in case of natural disaster (from Reuters)
- Sharp to further localize solar-panel production overseas (from Wall Street Journal)
In Boeing’s case, the company is taking steps to minimize supply risk, especially in the wake of a natural disaster like the Japan… Continue reading
One of my favorite books is the classic “Catch-22” by Joseph Heller. In the book, the main character, Yossarian, is desperate to find a way to avoid combat missions. Those missions, in the long run, would almost certainly get him killed. So, he wanted to be classified as insane to avoid those missions.
“There was only one catch and that was Catch-22, which specified that a concern for… Continue reading
It goes without saying that in manufacturing, often the company with the shortest lead time is the winner; whoever gets the hottest new product to market the fastest gets the trophy at the end of the race. Our customers have it down to a science, but bumps still come up from time to time. There’s a term they use to describe the part of a product that drives the overall… Continue reading
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Logistics Viewpoints: A Blog for Logistics, Supply Chain, and 3PL Executives
Copyright © 2012 All Rights Reserved
Copyright © 2012 All Rights Reserved
Guest Commentary: Transportation Strategies for Mitigating Risk as a Continuous Improvement Initiative
Supply chain disruptions occur in many forms, from simple day-to-day concerns to catastrophic natural disasters. While potential risk cannot be avoided entirely, leading companies are taking a new approach to risk management and optimization. Instead of viewing risk mitigation as a one-time or periodic activity, these companies are assessing risk as a continuous improvement initiative. By adopting a combination of sophisticated technology and best-practice processes, organizations can effectively… Continue reading
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