Supply

Supply (202)

Logistics Can Be Complex; Deal With It

Leaders in the logistics sector cite the ever-increasing complexity of the supply chain as the main challenge they encounter. This is true considering the changes that we often see in this sector. For instance, there was a time when distribution was local from local producers or the delivery was done by rail or interstate highway. However, the requirements that logistics operations and operators face today are much more complex than ever. Furthermore, the expectations from the customers have evolved significantly. In a more globalized supply chain that we have today and trade routes keep advancing, the logistics and supply chain companies have no option but to change their tactics. Here is what modern supply chain companies, managers, and logistics firms need to do to cope with the ever-increasing complexity in their respective industries. 

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Things Are Changing in Your Supply Chain

Over the past year, the coronavirus pandemic has ravaged the world and adversely impacted almost every industry and economy in general. While there have been many challenges that came with the pandemic, there is a brighter side. The good thing is that the pandemic brought changes that will be helpful to businesses and different industries for years to come. One industry that has seen significant, pandemic-driven changes in the supply chain sector.

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Chip Shortage Crippling the Auto Industry Could Last Until 2022

If you’re saving up to buy a Tesla – you may have to wait a bit longer. Elon Musk, founder and CEO of the electric vehicle brand; declared that prices of certain models were increasing due to a supply chain disruption that’s currently affecting the auto industry.

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Congested Supply Chains Can Impact Traffic

No one likes getting held up in traffic, but for supply chain companies, traffic jams have a bigger consequence than in any other sector. It not only affects your timelines but can also affect your business in its entirety and might even end up leading to massive losses. According to a survey done by The Associated General Contractors of America, 93 percent of companies that took part in the study reported that traffic and congestion have a significant impact on their operations. Further studies indicate that most populated areas suffer from traffic congestion and its impact than other areas.

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Is Your Supply Chain as Vulnerable as the Gas Pipeline?

The recent ransomware attack on the Colonial Pipeline in the US on May 7, 2021, shows the challenges that a supply chain can encounter if it lacks adequate cyber defenses and strategies. Though it belongs to a private firm, this pipeline supplies almost half of the US East Coast with liquid fuel. However, the recent attack that led to the cutting of the supply of this critical commodity shows that a lack of a cyber strategy can jeopardize your operations and impact your income.

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Comply and Beware These Supply Chain Regulations

As we try to open a new chapter after a year of untold suffering and unprecedented disruption, we can look back at where we have come from and see what we did wrong and what we did right. 2020 has taught us lessons about what we lack and has shown us things that we can improve in the future. As we enter the middle of 2021, we need to be prepared, and this can be attained by setting up better policies and regulations and identifying risks in the supply chain sector. Here are some risks and regulations that you must be aware of and comply with this year.

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How is Your Supply Chain Being Disrupted?

The coronavirus pandemic has subjected almost every industry to untold suffering. It has led to massive loss of jobs, closure of businesses, increased taxes and disturbed the supply chain and distribution of essential products. While it was a disaster for the movement of goods and even services, it became an eye-opener to many industry players. The major breakdowns in the supply chain industry on a global scale became a big lesson to the challenges that have for years gone unnoticed. Companies have learned to invest in lean supply chains during the crisis as they grapple with the fast changes than any ever witnessed.

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Supply Chain Resilience Means Smart Water Management

Water isn’t an abstract threat to global supply chains. Right now we’re seeing the impacts of water scarcity play out across major manufacturers reliant on computer chips. Taiwan, a global hub for the manufacturing of semiconductor materials, has pared back its production in the face of the region’s worst drought in over 50 years. This event has far reaching consequences on the supply of highly demanded chips across industries,  and has forced major automakers to shut down plants as a direct result.

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Track These Security Issues that May Affect Your Supply Chain

The ongoing digital transformation in different industries is changing how operations are conducted. This change allows businesses to benefit from breakthroughs in big data analytics, machine learning, artificial intelligence, and remote work as customers demand efficiency, speed, and flexibility. The change creates an entire ecosystem where critical infrastructure assets, data, and people are getting more connected physically and digitally. However, cyber attackers are taking advantage of this to commit massive security breaches and cyberattacks. They take advantage of poor security policies and vulnerabilities to gain access to sensitive systems in organizations. As a supply chain company, here are security issues that you need to track to ensure the safety of your organization and operations.

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These 5 Pandemic-Driven Supply Chain Changes Need Watching

As vaccine rollout begins to catch momentum and countries show signs of putting coronavirus under control, attention is now being turned to the recovery of the economy and the sectors that have been severely affected. One of these areas is the supply chain, which forms an integral part of everyday life. The supply chain management will emerge differently from the pandemic, with transformation expected in transportation, logistics, and warehousing. Here are some most significant trends that you should expect in 2021 going forward that will influence companies and their strategic plans.

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