Top 10 Global Supply Chain Risks

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Supply Chain Risks article originally published by, and permission to publish here provided by, Katherine Barrios at

Change is inevitable in modern supply chain management, and risk management is essential to success. Risks evolve and become more prevalent with time.

Risk management strategies of yesteryear are ineffective in the changing landscape, and no type of transport can avoid risks.

Risks exist in land, air and ocean freight. They’re inevitable and unavoidable. Poor grasp of hazards in your supply chain will increase freight spend and diminish brand value.

Understanding the top 10 global supply chain risks can work to reduce their impact.

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Small Business Risks in Accepting Cryptocurrencies!

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Small business risks article and permission to publish here provided by Jean Nichols.

As Bitcoin’s dramatic increase to over $50,000 a coin sparked a massive explosion in digital currencies and pervasive curiosity in blockchain-based technology, cryptocurrency exploded into the mainstream. Bitcoin’s price has remained been increasing and interest in cryptocurrencies has remained high.

Is bitcoin, on the other hand, appropriate for small businesses? Before declaring that you would support bitcoin, there are some severe concerns to remember – both technological and realistic.

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Case Building for Supply Chain Risk Management!

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Case building article written by, and permission to publish here provided by, Ashley Halsey.

An effective supply chain is the ironic link that every business requires to join together a well-developed product and the market. Everyone knows that, though not everyone takes the time to properly assess the difficulties of their respective markets. 

When examining the risks of entering a new market, there are things to look out for that hint towards difficulty. It’s therefore imperative for businesses to ensure they have properly planned how to get into a new market successfully.

Only after that can a good plan be put into action. 

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How to Avoid Costly Errors in Supply Chain!

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Costly errors article provided to Supply Chain Game Changer by, and permission to publish here provided by, Aimee Laurence.

Having a productive and efficient supply chain is very important for a business. In supply chain management, it is essential to keep all unnecessary costs mitigated. However, common mistakes can happen that lead to higher overhead.

Missing opportunities that make your chain more efficient will make your supply chain sub-optimal. By locating the mistakes and correcting them, you can optimize your supply chain.

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The Single Point of Failure in Supply Chain – The Suez Crisis!

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In March of 2021 the world was astonished when a large cargo ship, the Ever Given, became stuck in the Suez Canal. Virtually everyone is oblivious to the movement of any single cargo ship around the world. However very quickly the colossal ramifications of this singular event became known to all.

The blockage of the Suez Canal by this one ship immediately impacted global Supply Chains. Over $9 billion per day (12% of global trade) moves through the 120 mile canal.

While the ship was freed after about a week, in the intervening time ships were debating whether to take the longer trip around the Cape of Good Hope in Africa or wait for the salvage operation. It all underscored the vulnerability of having a single point of failure in any Supply Chain.

Do you have a single point of failure in your Supply Chain?

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Supply Chain Risk Management is a Cirque Du Soleil Calibre Act!

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Recently we took our Granddaughter to see a Cirque du Soleil show. While we had seen several Cirque shows before it was her first time. The show made an indelible impression on her. She talked about it for weeks and will remember it for the rest of her life. We were proud that we gave her such a lifelong memory.

In thinking about the show and its construct I thought about the incredible amount of risk that the performers and producers are managing. These world class performers have astonishing talent but they are also working in an environment designed to eliminate risk and maximize safety.

Supply Chain Professionals, although not usually theatrical, also work in an environment in which they are managing a tremendous amount of risk. While most jobs are not life threatening the level of risk is still prevalent.

What are the risks that Supply Chain people deal with every day and what is Supply Chain Risk Management?

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Where Should Supply Chain Time Be Spent After the Pandemic?

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The Coronavirus pandemic has disrupted every aspect of our lives and the global economy. From shortages of toilet paper to personal protective equipment (PPE) to lockdowns of businesses and channels of every form, Supply Chain has been at the epicentre of this disruption and it has consumed all Supply Chain time.

The pandemic has caused Supply Chain professionals to scramble to restore supply lines, respond to highly volatile demand patterns, find alternate logistics channels, and work under the restrictions of home quarantine.

But the time will come when day to day Supply Chain issue firefighting will ease. Then will come the time to translate these experiences into new strategies, improved processes and greater investments in technology and personnel development.

Where should Supply Chain professionals be spending their time when we get past the pandemic?

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Supply Chain Scams and Fraud!

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Very early on in my career an associate of mine was fired because he was found to be taking kickbacks from packaging suppliers to whom he had been preferentially and inappropriately been giving business.

Most recently I have received lots of emails and messages from unknown people offering to sell me masks and other personal protective equipment (PPE) for really low prices. A cursory investigation into some of these finds that the items are substandard at best, and the commensurate price gouging during the pandemic reeks of fraudulent behaviour.

One of our most popular articles is Freight Forwarding scams. Every couple of weeks I will get an email from someone, from anywhere in the world, who has been the victim of a freight forwarding scam, and is looking for help.

All of this, and more, has caused to me consider that this is a very important, very real, and very prevalent issue. So let’s discuss Supply Chain scams and fraud.

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