Daily Insights, Trends and Solutions for Professionals, Experts, Students and Society
Disaster Recovery Planning and Risk Management processes are foundational elements of any effective Supply Chain operation and strategy. For those who have ignored putting these mechanisms in place you are assuredly now in deep trouble with the Coronavirus situation at hand. The effectiveness of both these tools enacted by Supply Chain crisis leadership skills are … Continue reading “Coronavirus Exposes Global Supply Chain Fragility!”
Anyone who owns or operates a warehouse knows that running one is no easy task. From product transportation and storage to material handling to a conveyor system, a lot goes into keeping a warehouse operating like a well-oiled machine. However, in the midst of managing all the various moving parts, many businesses overlook one important … Continue reading “6 Considerations in Selecting a Warehouse Conveyor System!”
We are fast approaching the Holiday season. Retailers would normally already have their goods on hand in Distribution Centres, Stores, and any other channels they may use. But this year is different. The fallout from the global pandemic persists and shipping delays are rampant. Retailers should have had their goods by now yet for some … Continue reading “Immediate Retailer Actions to Overcome Logistics Delays!”
A year of dealing with the disruptions caused by the Coronavirus, combined with another tough year ahead, has created an environment of Pandemic fatigue of the highest order. Children have had to stay at home instead of going to school. Adults have had to work from home, or worse yet, are at home because they … Continue reading “Post Pandemic Stress Disorder in Supply Chain!”
The World Economic Forum (WEF) reported that even before the Ukraine-Russian war, the disruptions led to major economies losing 112.75 billion Euros in GDP in 2021 and caused inflation to skyrocket. The challenges brought by disruptions of the international supply chain due to uncontrollable circumstances showed how fragile current supply chain systems were. WEF addressed the need to … Continue reading “How Machine Translation Can Improve Localized Supply Chain Efficiency”
The Coronavirus Pandemic has quickly and severely disrupted Supply Chains of every kind around the world. Lockdowns have resulted in the temporary closure of Manufacturing and Distribution facilities and discontinuation of Logistics and transportation modes. Additionally dramatically higher demand for household supplies (eg. toilet paper) and medical personal protective equipment have resulted in stockouts and … Continue reading “Is Single Sourcing, or Sole Sourcing, Dead?”
Supply chains are inherently at risk. Not only are there many moving parts that make a supply chain work, but there are also tight deadlines, environmental and political factors, and even the human worker themselves that can cause delays, hiccups, and issues. As such we must be safeguarding Supply Chains. One of the biggest wake-up … Continue reading “Safeguarding Supply Chains: How to Protect Your Business!”
The prospect of having a Just In Time (JIT) Supply Chain system has been the goal of innumerable businesses and industries for decades. And for those who have implemented Just In Time processes it has been the backbone of their entire operating structure. But the global pandemic exposed the fragility of the Supply Chain in … Continue reading “Is Just In Time Past Its Time?”
The growth of the eCommerce industry redefined the whole meaning of customer satisfaction, including the provision of white glove services. A product’s quality and price no longer define how much value a good has. The tremendous shift of the seller-consumer dynamics now puts convenience, speed, and outstanding logistics supervision on the consumer’s list for a … Continue reading “What are White Glove Services? All You Need to Know!”
The overarching strategy for limiting exposure to, and spreading of, the Coronavirus is that of Social Distancing. We are all instructed to keep 6 feet apart from anyone, wear masks, and avoid any social gatherings and don’t touch. How does this relate to a Don’t Touch Supply Chain strategy? Even with social distancing, the global … Continue reading “A Don’t Touch Supply Chain Strategy Must Now Dominate The Future!”
Our recent trips to Costco and Walmart, in mid March 2020, had one thing in particular in common. Both stores were sold out of toilet paper, with no knowledge as to when more was coming in to the store. A few weeks ago, in mid February 2020, when the panic was starting to set in … Continue reading “The Toilet Paper Supply Chain!”
More than a year since the Covid pandemic began, the Auto market has yet to stabilize, mostly because of the sudden surge in demand for new and used cars after the country reopened. As the world went into lockdown, several factories were shut down leading to a scarce supply of various components, the most notable … Continue reading “The Auto Market Supply-Demand Imbalance is Bad for Buyers!”
Supply Chain has historically been considered a back office function, necessary but lacking in prestige and strategic value. The Coronavirus pandemic created a dramatic and highly visible disruption in that paradigm. Suddenly Supply Chain and its importance was on the minds of political and business leaders, and the common person, everywhere around the world. When … Continue reading “Supply Chain at a Crossroads – Back to the Shadows or into the Spotlight?”
The Public Service Loan Forgiveness (PSLF) is one of the known programs offered by the government to specific individuals. Here, certain qualifying student loans are forgiven after payments have been made in 120 installments (or within ten years). It is only available for persons who work in authorized public service establishments. The government agencies to … Continue reading “Public Service Loan Forgiveness!”
Back in 2020, mankind had to deal with a threat it never saw coming. As COVID wreaked havoc across the globe, chaos and uncertainty shrouded over the business world. According to the World Economic Forum, the pandemic resulted in one of the biggest supply chain crises the world has ever seen. Even today, almost three years after … Continue reading “Growing Your Insurance Agency in the Era of Frequent Supply Chain Crises!”
