Archive for Supply Chain Risk Management

4 Ways Supply Chain Modeling Enhances Enterprise Resilience

Supply chain modeling is essential to substantiated resiliency analysis and to the planning of risk responses. A supply chain model is the digital representation of the structure, product flows and policies of a physical supply chain. It is created by transforming data into predetermined structures, so that such data templates can be used in conjunction with mathematical algorithms, to determine improved future state structures, product flows and policies. Here’s a look at four areas of risk that can businesses can address through modeling and analytics.

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A New and Better Way to Manage Freight Trucking Risk?

I was recently informed of the new start-up company named TransVix that is developing a US trucking futures exchange market. Admittedly, my logistics research is focused more on warehousing than on transportation. However, I do have a solid understanding of both logistics and financial markets, and of financial derivatives such as forward contracts and futures. So I thought I would take this opportunity to discuss the concept of trucking futures and provide my perspective, and […]

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IBM Continues to Improve their Supply Chain Control Towers

IBM manages more than $30 billion a year as part of its supply chain, with thousands of supply chain managers and analysts worldwide. IBM is using Watson and huge troves of weather and location data – IBM acquired The Weather Company last year – to improve their supply chain risk management program.

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Is Your Supply Chain Weatherproof?

Individuals living in the higher latitudes will tell you that ice dams on your roof are an omen of bad things to come. I learned this first-hand last week after record snowfall in the Boston area. To minimize future damage, I set out to purchase a roof rake to clear the snow off of my roof. I drove to one big-box home improvement store – out of stock. I called the major competitor -also out […]

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This Week in Logistics News (November 11-15, 2013)

Lots of interesting news to discuss today, so let’s go straight to it. Descartes Unveils Same-Day Delivery Optimization Technology Amazon to Begin Sunday Deliveries, With Post Office’s Help (Wall Street Journal) Gap Inc. Pushes Omnichannel Focus (Women’s Wear Daily) Freight Shipments Rose 0.8% in September from August University of Maryland Selects Resilinc as Supply Chain Risk Partner Truckers Tire of Government Sleep Rules (Wall Street Journal) Lots of news this week related to omni-channel fulfillment […]

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Reflections of a Supply Chain Industry Analyst

The typical role of an industry analyst is to look ahead, at the trends that are shaping and reshaping the supply chain and logistics landscape. On a recent episode of Talking Logistics, however, I decided to look back and reflect on the biggest changes I’ve seen in the industry over the past 15 years. As you can imagine, with everything that has changed since 1998, condensing the list down to a few items was not […]

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This Week in Logistics News (September 9-13, 2013)

Document less, experience more. That was the key takeaway from a great HBR article by Daniel Gulati published in April 2012. I was reminded of that article when I came across the video below this week, which saddened me and made me realize that I need to work harder on keeping my phone in my pocket. Moving on, here’s the news from the past two weeks that caught my attention: Descartes Reports Fiscal 2014 Second […]

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3PLs, What’s More Valuable Than Another Twitter Follower?

I have long argued that third party logistics providers (3PLs) should set themselves apart from the competition by fully harnessing the power and value of their customer and employee communities (see “If Operational Excellence is a Given, Then What Else Matters for 3PLs?” and “Operational Excellence is Not Enough–Why 3PLs Must Leverage Their Most Valuable Asset”). Take user/customer conferences as an example. While software vendors have been organizing user conferences for many years, the concept […]

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Dow Chemical’s Distribution and Transportation Risk Management Program

Large chemical and oil and gas companies are, in general, far more advanced in their supply chain risk management practices than companies in other industries. But my coverage of this area convinces me that Dow Chemical, in particular, is one of the most advanced companies in the world in supply chain risk management. Dow Chemical has revenues of $57 billion and employs 54,000 people around the world. It makes and ships agricultural, plastics and chemical […]

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Many Companies Falling Short on Supply Chain Risk Management

According to a survey of 600 manufacturing and retail executives conducted by Deloitte, 71 percent of the executives surveyed view supply chain risk as “an important factor in their companies’ strategic decision making, including 20 percent who view it as extremely important.” Yet, 42 percent of the executives from large companies said their supply chain risk management programs are only somewhat or not effective. Simply put, many companies are still falling short on supply chain […]

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