Supply Chain Risk

Business practices and technologies are constantly evolving in today's world, and supply chains need modern tools to survive and thrive.

As the coronavirus continues to spread and the number of infections surpasses 400,000 worldwide, the MIT Center for Transportation and Logistics (MIT CTL) took another look at how companies are responding.

With the coronavirus, or COVID-19, dominating just about every facet of everyday life, its impact on all things supply chain cannot be understated. That was made clear in a recent Logistics Management readership survey of more than 120 buyers and users of freight transportation and logistics services.

Sure, we all know that restaurants and casinos are closing up shop, but yesterday, I had my first corona-related logistics experience.

It is widely expected that the year 2020 - and the new decade it heralds - is going to bring dramatic changes to global supply chains and that China will be a leading actor in this ongoing drama.

Compliance challenges grow daily for manufacturers, exporters and importers.

New technologies may be creating unintended risk. Supply chain managers need to get involved to shape policy.

How are companies using technology to address varying global trade issues such as labor rates, uncertain transportation costs and last-mile delivery challenges?

Here are 5 Customs & Regulatory Compliance tips that will make the U.S./Canada Border Clearance process more efficient.

When Canada’s Office of the Auditor General released its 2017 audit focused on “customs duties,” a key finding included the fact “that importers misclassified about 20 percent of goods coming into Canada and may have ended up paying a lesser amount of duty as a result.”

Although many businesses prefer not to report incidences of theft, the Federal Bureau of Investigation (FBI) estimates that North American cargo losses amount to roughly $40 billion annually...and the Transported Asset Protection Association (TAPA) reports that 85% of all cargo losses involve trucks.

This report looks at data before and after Hurricane Harvey in August 2017 and dives into the true cost and volume impacts experienced by logistics customers; it also shares advice on how shippers can prepare for another 2018 challenging storm season.

Companies are struggling to take efficient action across their supply chains, while facing increased demands from stakeholders.

As we flip the calendar to 2018, companies with global supply chains should keep their eyes and ears open for these primary concerns.

Sustainability is becoming a primary focus for supply chains across all industries.