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Supply Chain

Supply chain resiliency: Thriving in the age of disruption

20 September 2022
Categories: General, Supply Chain

Whether it is a global pandemic or a fire in a warehouse, the supply chain constantly faces disruptions. Many of these disruptions cannot be avoided or prevented, but there are ways to handle them and stay on track. What is supply chain resiliency? Supply chain resiliency is a term used to describe a supply chain’s ability to stay consistent and recover from any disruptions it may experience. Examples of these disruptions are operational risks that could cripple a supply chain if not addressed and managed. A resilient supply chain is structured in line with modern supply chain processes and…

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IoT can improve supply chain management

20 September 2022
Categories: General, Supply Chain

IoT, the Internet of Things, consists of a wide collection of interconnected physical devices that are able to monitor, send, exchange, and report on data. The IoT devices are usually connected to a computer system and are connected by data or a Wi-Fi network. Within supply chains, IoT devices can be used to track and authenticate products and shipments using GPS as well as other technologies. The devices can also be used to monitor the storage conditions of products which would improve supply chain management. How IoT can improve supply chain management There are a wide range of IoT…

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Health care needs less risk management and more supply chain management

30 August 2022
Categories: General, Supply Chain

The health care system uses risk management models to purchase the necessary goods and services they need to operate. This model is not optimal as it focuses on aggregate metrics to estimate future costs rather than using supply chain management which would be able to allow more effective spending. Supply chain management is able to offer the health care industry the tools and processes it needs to be more effective and efficient. Risk management in the health care industry Currently, the health care industry uses insurance to create risk management models. This functions to cover unexpected payments to members…

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This shift in supply chains present opportunities for female leaders in particular

19 July 2022
Categories: General, Supply Chain

The COVID-19 pandemic has worsened the already existing issues that the global supply chain had been facing. From port congestion to global inflation, supply chains have been feeling the pressure. Because of this, there has been a shift in supply chains which has changed the way peopleo business and has also created new opportunities for female supply chain leaders in particular. The Issues in Supply Chains Port Congestion This has been an issue long before the pandemic started. Bottlenecks have been created in ports around the globe as ships have to wait long periods before being allowed into…

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How do cyber threats impact supply chains?

4 July 2022
Categories: General, Supply Chain

Due to the COVID-19 pandemic, global supply chains have experienced strains and shortages. Products and supplies, specifically raw materials, are low in stock and availability, which has increased the demand and the prices. This affects all components of the supply chain, from shipping companies to logistics businesses to ports. These strains and shortages do not only choke supply chains, but they also expose supply chains to potential cyber threats. This article will explore how cyber threats have and will impact supply chains. What are supply chains? A supply chain can be described as a network between suppliers, companies, and…

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The value of installing new technologies in supply chains

31 May 2022
Categories: General, Supply Chain

Incorporating new technologies into supply chains offers the business a range of benefits that leads to much-needed and wanted growth. Whether a business is in need of cost optimisation or to grow its revenue, adding new technology can contribute enormously to these goals. Adding new technology is also necessary for a business to thrive within today’s digital business sphere. Technologies like artificial intelligence, process automation, and deep analytics have become a must have in order to compete. Here are a few of the ways that new technologies incorporated into supply chains can add value to a business. What is a…

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Are supply chain issues slowing down online shopping deliveries?

28 April 2022
Categories: General, Supply Chain

The COVID-19 pandemic has presented an array of obstacles and issues to supply chains across the globe. But these issues cannot be solely blamed on the pandemic, as supply chains were under pressure and buckling before 2020. Now, these supply chain issues have diversified and intensified to not only affect manufacturers, logistics firms, and retailers but also you, the customer. What are supply chains? A supply chain is a complex network made up of manufacturers, logistics firms, retailers, and delivery companies. Supply chains function to create a product and distribute it to the consumer. To function optimally, supply chains need…

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Challenges Supply Chains will have in 2022

21 February 2022
Categories: General, Supply Chain

Supply chains had been experiencing challenges for years before the COVID-19 pandemic. Once the pandemic hit, supply chains faced countless more challenges that are still affecting markets across the globe. Shipping costs have been uncharacteristically high with delivery periods being unusually long. This has led to a lack and shortage of certain available resources. The effects have been so prominent that musician Jack White has named his 2022 tour the “The Supply Chain Issues World Tour”. As prices increase, political tensions intensify, and delivery delays get longer, it is clear that supply chains will experience a range of challenges in…

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Supply Chain Management – What 2022 holds for the Supply Chain and logistics industry

28 December 2021
Categories: General, Supply Chain

The unprecedented risks and trials brought forth by COVID-19 has placed great pressure on managers within the logistics and supply chain industry. While most of the population was in lockdown, several logistics companies had to see to the deliveries of whole goods, foods, products and minerals against the backdrop of a shutdown infrastructure and slowing economy. Add to that issues of riots and looting (read about that here), many of these companies had to ‘get creative’ in how to move forward. As the dust settles for what has been a trying 2021 year, it is clear that this…

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The effects of social issues on the supply chain

31 August 2021
Categories: General, Supply Chain

While consumers might not consider it when doing a grocery run, there are many processes that go into delivering value to consumers. In 2021, the supply chains that service consumer markets involve many players and often span more than one country – if not more than one continent. The purpose of Supply Chain Management (SCM) is to improve the profitability of businesses by streamlining these processes. The supply chain has many aspects that need attention, not just the economic, technical and legal ones. The biggest of these is the growing ethical and social interest from consumers about how…

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