Supply Chains

While there is plenty of danger around the world, the reality of interconnected supply chains may be prevailing.

Just 17% of leaders in Kinaxis survey says they can respond within 24 hours.

Expecting the unexpected going back to the onset of the pandemic in March 2020 has really been a part of supply chain and logistics lexicon. As we know, there were many logistics and supply chain “lessons learned” coming out of the pandemic, which clearly still remain intact today, especially including the need for supply chain resiliency and preparedness, as well as flexible and nimble deployment of labor, assets, and technology, among others.

More shareholders are expecting supply chains to become resilient to protect the bottom line.

This earthquake is the latest in an ostensible series of events impacting the global supply chain, right on the heels last week’s tragic bridge collapse in Baltimore, which was preceded by the ongoing Red Sea and Panama Canal issues.

Scottsdale, Ariz.-based Blue Yonder, a provider of AI-driven and end-to-end supply chain management services, announced it has acquired Dallas-based One Network Enterprises (One Network), a global provider of intelligent control towers and its Digital Supply Chain Network platform, which focuses on driving demand, supply, and logistics management effectiveness and efficiency.

Labor costs continue rising, but other costs start to moderate.

Following yesterday’s bridge collision in Baltimore, when the 32,000-ton container ship, Dali, collided into the 1.6-mile Francis Scott Key bridge over the Patapsco River in Baltimore, causing it to collapse and stopping ship traffic at the Port of Baltimore, for an indefinite period, it has created yet another uncertain situation for supply chains.

Atlanta-based global freight transportation and logistics services provider UPS unveiled details regarding its strategic growth and productivity initiatives and its three-year financial targets at its Investor Day. Company officials stated that through its ongoing “Customer First, People Led, Innovation Driven” strategy, UPS is focused on setting up to the company to be the “premium small package provider and logistics partner in the world.”

Two years after the White House and the U.S. Department of Transportation (DOT) formally announced the rollout of Freight Logistics Optimization Works (FLOW), which it describes as an information sharing initiative to pilot key freight information exchange between parts of the goods movement supply chain, it provided an update this week on the progress it has made since its inception.

Boston Consulting Group report finds that 65% of executives are prioritizing supply chain and manufacturing costs.

Did the fear of product shortages contribute to the rapid price increases?

In this podcast, Jeff Berman, Group News Editor for Logistics Management and the Peerless Media Supply Chain Group, interviews Ben Gordon, founder and managing partner of Palm Beach, Florida-based Cambridge Capital, and managing partner of Ben Gordon Strategic Advisors.

A new report released this week at Modex by MHI and Deloitte finds that 55% of supply chain leaders are increasing their supply chain technology and innovation investments with 88% saying they are planning to spend over $1 million. Forty-two percent plan to spend over $10 million.

Disruptions happen, but some crisis can put the organization’s survival in jeopardy if there is not a plan in place.