Supply (197)

ESG Risks in the Supply Chain

With companies’ continued reliance on global supply chains, managing environmental, social, and governance (ESG) risks is becoming increasingly important. ESG risks refer to potential negative impacts on a company’s environment, society, governance and operations. These risks can arise at any point in the supply chain and can have serious consequences for businesses if not properly addressed. One example of an ESG risk in the supply chain is climate change and emissions. If a company’s supplier is not taking steps to reduce their carbon footprint, it could lead to higher emissions and contribute to climate change. This could result in regulatory consequences and damage the company’s reputation and potentially lead to financial losses.


The Importance Of Sustainability And Social Responsibility In The Supply Chain

In recent years, the importance of sustainability and social responsibility in the supply chain has become increasingly apparent. Customers, employees, shareholders and governments have started to pressure supply chain firms to ensure greater environmental stewardship and increase social responsibility. Thus, supply chain sustainability has become a crucial talking point for many people in different circles. Therefore, ensuring that this process is sustainable and socially responsible is essential for businesses' long-term success and viability.


The Top Challenges Facing Supply Chain Professionals in 2023 and How to Overcome Them

As the world becomes increasingly interconnected and globalized, the challenges facing supply chain professionals continue to grow and evolve. From port congestion and rising freight costs to labour and material shortages and the need to restructure supply chains, supply chain professionals must constantly adapt and find creative solutions to stay ahead of the game. In this article, we will explore some of the top challenges facing supply chain professionals in 2022 and provide strategies for overcoming them.


Digitize Your Supply Chain for Better Performance

In today’s fast-paced and competitive business environment, having an efficient and effective supply chain is essential for success. By digitizing your supply chain, you can improve performance, reduce costs, and gain a competitive advantage. One of the key benefits of digitizing your supply chain is improved visibility and transparency. With digital tools and technologies, you can track and monitor the entire supply chain process, from production to delivery. This allows you to identify bottlenecks, optimize processes, and make more informed decisions. Here are some benefits you will get when you digitize your supply chain’s quality inspection.


4 Key Steps to Integrate ESG into Supply Chain Management

While ESG goals and standards have continued to evolve within supply chain operations, there is also an opportunity to create new avenues for growth within this space. Now is the perfect opportunity to evaluate the role ESG plays in supply chains and to make foundational, forward-thinking changes.


These Are the 7 Best Ways to Fix Your Supply Chain Problems

Do you feel like your supply chain is always running into snags? Are you constantly dealing with delays, disruptions, and other issues? If so, then this blog post is for you. We’ve gathered the best strategies to help you fix your supply chain problems once and for all. Read on to find out how!


China's Supply Chain Lockdown Affects World Trade

Undoubtedly, the COVID-19 pandemic has significantly affected various aspects of the trade. While the lockdown and limiting of movement and interactions were meant to minimize infections, the ramifications have been far-reaching. In China, for example, the recent lockdowns occasioned by the zero-COVID policy have increased disruptions in the global manufacturing and supply chain. The disruptions witnessed in major cities across the country have led to the suspension of operations in factories and businesses and learning in schools, affecting the country’s overall economic growth.


Maintenance and Your Supply Chain

The year 2020 was indeed a nightmare for supply chain managers. With the COVID-19 pandemic on sight, global logistics chains and networks were disrupted at an unprecedented scale. The same was the case in 2021. While things had improved a little, supply chain companies and providers still faced countless challenges. Despite the challenges witnessed, businesses went through a steep learning curve, which highlighted the importance of optimizing operations that rely on vendors or risk further uncertainty and disruptions. While production relies heavily on a steady supply of supplies, a supply chain is also critical for maintenance, which needs a regular supply of spare parts. Lack of an optimal maintenance strategy leads to holdups and delays in production, which will have costly effects on an organization's supply chain. Therefore, the lack of a maintenance strategy will significantly impact your supply chain and logistics.


The Supply Chain May Be Opening Up

The disruptions in global supply chains in the past three years were unprecedented. It led to soaring inflation across many parts of the world. This has forced central banks to change their policy stance, raising interest and borrowing costs. Amid the pandemic, rising tensions in different areas in the world have worsened the situation. Furthermore, there have been a switch in demand for services and manufactured goods in the US and lockdowns that have reduced the manufacturing abilities in leading manufacturing hubs such as China. These two factors have occasioned supply chain disruptions never witnessed before. However, the good thing is that things are showing signs of easing. Here are some examples of changes being experienced that show that the supply chain may be opening up at last. 


Deploy the Right Type of Supply Chain Control Tower

A supply chain control tower is often a confusing term to many in the market. It confuses with regard to what it actually means and its value to supply chain organizations. A supply chain control tower is a cloud platform focusing on providing end-to-end supply chain visibility and control. It integrates and extends existing ERPs, WMS and TMS systems with 3PLs, suppliers and manufacturers, and other partners. This integration provides visibility, actionable insights and operational control across the supply chain. Furthermore, it reduces lead times and inventory costs and helps mitigate exceptions while increasing the percentage of orders delivered on time and in full.  


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