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Supply (173)

Avoid Supply Chain Disruption by Automating Capacity Provisioning

The Institute for Supply Management found that nearly 75 percent of the companies it contacted in late February and early March reported some kind of supply-chain disruption due to the coronavirus. Supply chain and logistic challenges due to the global pandemic are still making it difficult for companies to address their expanding big data capacity requirements, and purchase and provision more servers as needed.

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Supply Chain Revolution is Coming

The supply chain has evolved significantly over the past few years. However, the current developments caused by the coronavirus pandemic have made the changes even faster than it had been anticipated. The COVID-19 pandemic has altered many things starting from product suppliers, strategies all the way to supply routes. According to a study by Ocean Insights, coronavirus pandemic could result in greater collaboration and technological innovations across this industry than ever before. According to the study, 42% of the shipping and freight professionals are likely to change their supply chain strategies. Of these professionals, 67% see investment in technology as an area that will substantially alter their operations after the pandemic.

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Supply Chain Requires Attention Now

No matter the industry or company that you work in, be it an expanding corporation or a small enterprise, the fortunes and success in operations are linked in one way or another to the performance of the supply chain. Therefore, if you want success in your business, you have to ensure the supply chain works effectively. With COVID-19 now ravaging many industries and dealing the biggest ever blow to movement of goods and services, the supply chain requires attention now more than ever.

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Businesses Brace for as Much as Six Months Disruption

Companies around the world are now bracing themselves for massive disruptions expected from the effects of the ongoing coronavirus (COVID-19) outbreak. This is according to a recent study carried out by CNBC Global CFO Council. The report states that things will not return to normal at least for three to six months. The study found that the pandemic has had a far-reaching effect on the supply chain leading to adverse impacts on overall business operations. Other areas that have been extremely affected apart from the supply chain are IT resources, strategic planning, and human resources, most of whom have lost a lot to the disease.

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Supply Chain Stabilization Amid Global Disruption

The COVID-19 crisis is bringing the supply chain diversification conversation into the C-suite even more than it already has been. Although not at the capacity it was in December 2019, manufacturing capacity in China is on the verge of a comeback. While the economy can’t currently leverage that capacity, it’s ensured that sourcing diversification has been elevated to a key supply-chain action companies are considering.

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The Unstoppable Trend of Free Shipping: A Guide for Small Businesses

COVID-19 has driven many consumers to their homes, making them reliant on e-commerce companies to ship and deliver essential goods. Even before the pandemic, however, people had begun to expect their packages to be delivered for free, A 2019 survey found that customers' interest in a product dramatically decreases when the shipping cost rises from free to even only $2.99. Unsurprisingly, small businesses may struggle to satisfy their customers’ expectations for free delivery. Without Amazon’s economies of scale, small businesses must find creative ways to keep pace with the trends of e-commerce giants. Use this article to learn how to offer free shipping and satisfy the increasingly high demands of online shoppers in the age of Amazon.

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How Companies Can Rethink Supply Chains To Deal With Disruptions

The coronavirus has disrupted U.S. companies in many ways, and nearly three-fourths of them have seen their supply chain significantly affected. While China has begun slowly reopening as the number of coronavirus cases there decreased in recent weeks, reports of the illness shot up in other countries, and the epicenter of the pandemic shifted to Europe and then the U.S. Thus, multiple supply chains have been compromised as the outbreak spreads, and there’s no telling when those links in the various chains will operate at normal capacity.

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Supply Chain is Circular - What Does that Mean?

The supply chain is one of the industries that the world cannot live without considering the critical role it plays in ensuring humans get their needs regardless of where they come from or where they are. As growth continues being felt in the supply chain, various innovations continue coming in to improve service provision and reduce the misuse of resources. One of the latest attempts is to make supply chain circular. But what is a circular supply chain? According to Gartner, a circular economy is an economy that encourages reuse as a way of ensuring economic growth. As natural resources continue dwindling, recycling is one of the widely championed initiatives expected to ensure minimum waste of resources. So, circular supply chain is where recycling and reuse of scrapped products is advocated.

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Tiny Tags Make the Supply Chain Safer and More Trackable

Companies have in the past lost billions of dollars to counterfeiting, and the trend remains the same even with technologies that promise to solve this problem year in year out. According to a 2018 report by the Organization for Economic Cooperation and Development, approximately 2 trillion dollars worth of counterfeit goods will be sold globally this year. To many manufacturers, governments, and consumers, this spells doom because they will have to deal with counterfeiting and products, most of that they do not know where they originate from. 

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Shorten the Supply Chain for Repair Parts by Using 3D Printers

3D printing technology has been in use in prototyping for years, but it is now making way into production process as well. Since supply chain management is a constant act of juggling that entails trying to balance the overall inventory and its availability and the changing demands, it is always hard to manage it without some form of innovation or help. However, if you think that this is difficult, wait until you encounter the challenge of managing spare parts. It is hard to anticipate when breakdowns will occur and when new spare parts will be needed.

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