Technology adoption by LSP and shippers As countries emerge from COVID-19 lock-downs, questions are asked in the media concerned with implementing a different business models and adjustments to the supply chains of businesses. Commentators have also expressed opinions that these actions will increase the use of ‘new’ technologies through supply chains. This opinion is more likely to be correct for … Read More
Understanding the Risks in your Supply Chains
Gathering data and information in supply chains The current pandemic has exposed a situation that, even with more data produced than ever before, companies in general do not have a good understanding of their supply chains. This includes risk exposure and alternative responses to supply challenges that may arise. A company’s supply chains can consist of multiple businesses and assets, … Read More
A strategy for planning in the new supply chain world
The future will differ from the past Major downturns in business activity are when the ‘deck of cards’ of industry get reshuffled. So, what strategies will be in place for your organisation’s supply chains to respond? Developing a supply chain strategy for when the peak of the pandemic has passed will be a ‘clean sheet’ exercise. Typically, plans are designed … Read More
Big disruptions and their effects on supply chains
The current disruption The COVID-19 virus event has been a supply chain risk waiting to happen. A virus is not a ‘black swan’ event, but a ‘known-unknown’. The potential risks and likely consequences of a new virus were evident at the time of the SARS virus of 2002-3 and the H1N1 virus of 2009. The difference between then and now … Read More
Recognise the risks of disruptions in your supply chains
The present challenge Supply Chains carry risks, both minor and major. A major risk to supply chains could be the current Coronavirus outbreak. This is due to uncertainty about its duration and the long term impact on economies and supply chains. As China is an integral part of global supply chains, a decline in its output has the potential to … Read More