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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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Supply Chain Industry on Edge as Coronavirus Continues to Spread

When the coronavirus (COVID-19) began; experts theorized how a potential pandemic would affect the supply chain industry. Months later as the coronavirus continues to spread with no indication of stopping – the supply chain and logistics community are starting to see just how quickly the virus can impact businesses both small and large.

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Here's How the Supply Chain Will Change This Year

The majority of the key trends in the supply chain for 2020 will be a continuation of what took place in 2019 and the years before. The industry continues to undergo significant levels of change whose intentions are to increase productivity, quality and efficiency of service. More is on the way taking into account digital transformation that is revolutionizing everything. This industry has become a backbone of many other sectors that see it as critical in realizing their goals. It is fast becoming a leading source of competitive advantage to many companies in the modern digital economy.  2020 will be another defining year for the supply chain industry and these are the predictions of what you should expect.

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Supply Chain Virtual Summit Recap

On February 6, Infor opened the doors to their Supply Chain Virtual Summit where Supply Chain experts spoke about current issues and trends in the industry. While completely online – the summit offered the same advantages of attending a live conference without ever having to leave your office.

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Look at these Trends That Are Shaping the Supply Chain in 2020

The past decade was a defining time for the global logistics industry that saw the sector grow tremendously. It is the decade that saw the introduction of various aspects that made the industry improve while also introducing different challenges that were never seen before. Advancements in technology strengthened the capabilities and operations in logistics such as packaging, labeling, and shipping while also introducing challenges such as loss of job and security concerns. As we begin a new year, these are the trends that will shape the supply chain industry going forward.

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How Can A Small Business Compete In A Global Marketplace?

Online shopping is becoming easier, consumers expect delivery faster than ever and the supply chain is growing increasingly complex. Consumers demand the same level of efficiency from the largest global brands as they do from local shops. Whether an aspiring entrepreneur or an established local business, today’s small business owners are competing in the global marketplace.

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Upcoming Virtual Supply Chain Summit Invitation

New year – but the same problems are plaguing the supply chain industries world-wide. Supply chain companies are under increased pressure to decrease delivery time without raising the cost of shipping. To add to that - organizations are scrambling to come up with solutions that will not only grow their business but retain qualified employees.

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