Management

Management (246)

A Look at Current Supply Chain Issues

In an era where people have increasingly relied on e-commerce, where shopping is all about clicking and waiting for whatever you want, supply chain efficiency has become important than ever before. However, the challenges in the supply chain have made it hard to achieve absolute efficiency to the extent that it is a challenge to shop for some products. This had even become worse during the pandemic when there was a need for protective gear to fight the pandemic. 

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Looking Ahead: Top 3 Supply Chain Predictions for 2022

In 2022, we find ourselves heading in to the third year of a global health crisis with unparalleled supply chain impact. Repercussions from severe supply and demand imbalances are being felt worldwide. The availability and increasing cost of labor, freight capacity, semiconductors, empty chassis and warehouse storage space will continue to be areas of uncertainty and concern in the coming new year.

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Managing Your Supply Chain Requires These 4 Things

One of the biggest sources of success in modern organizations is the effective management of the supply chain. In today’s competitive business landscape, this has become even critical than ever. Therefore, small businesses with little resources and large ones with better resources are always looking for ways to improve their supply chains, especially by enhancing their management, upgrading their existing supply chain tools, and implementing new systems that will allow them to stay ahead of competition. The rise of new trends such as outsourcing and lean manufacturing has made effective supply chain management crucial, while trade wars and their impact have made everything more challenging than ever. Here are four things you need to put into consideration while managing your supply chain.

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Tips to Ensure Manufacturing & Supply Chain Issues Don’t Impact Your New Product Development Lifecycle

The pandemic has had an unprecedented impact on the global manufacturing and supply chain, resulting in a ripple effect across virtually all industries, delaying product delivery and impacting customer satisfaction and loyalty. The current state has been harmful to early-stage companies looking to develop and bring to market a new product innovation.

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CrowdFarming is Changing the Way Europeans Purchase Produce

The world has begun to open-up as more people become vaccinated. Employees will return to the office, children to school, and vacations will resume. But that’s not to say the world we know it will return to “normal.” Instead, we will be faced with a “new normal.” This will affect how we spend our money and what we spend it on. Spanish brothers Gabriel and Gonzalo Úrculo are banking on it.

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Are These Challenges Facing You This Year?

2020 might have come to an end, but the challenges we encountered, most of which were occasioned by the coronavirus pandemic, are still here with us. Although there seems to be some glimmer of hope as the vaccine continues being manufactured, there is an evident increase in political divisions, increasing economic inequality, and challenges in education as well as other sectors. Although these challenges have adversely impacted everyone, not all have faced the same issues. Here are the top challenges facing you this year in the supply chain:

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These 4 Things Will Change Your 2021 Retail Year

The world is where it has never been before. Technology is advancing at an unprecedented rate, and the retail industry, just like any other industry, has become increasingly digital and online-based. With this new development, brick and mortar stores are facing their biggest challenge never witnessed before. For this reason, the traditional stores are shifting their activities online to meet the new demands. With the coronavirus pandemic now turning all sectors inside out, the changes are expected to be more than it has ever been experienced. The online retail industry is expected to increase than ever before as consumers choose to order products from the comfort of their homes safely. As the retail sector changes, so should your thinking regarding the same. Here are some things that will change your 2021 retail year:

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Strategic Paths to Supply Chain Growth

It is no longer a secret that supply chains have evolved into a more complex industry that ever. This can be seen in the changes that have occurred in the socio-economic and market dynamics, all of which are aimed at enabling organizations to respond to changing customer needs and outside-in demand-driven environment. Companies must now consider a host of new variables, such as the increasing protectionism and geopolitics. These factors are forcing most of the global supply chain players to re-examine the business continuity plans and risks and embrace new strategies in their sourcing approaches that will guarantee them growth. A strategic supply chain planning that factors in aspects of formulation of business strategy as well as the tactical aspects makes a supply chain firm more valuable. Here are some supply chain strategies that are designed to help supply chain companies grow amid the current competitive business environment.

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Managing Supply Chain Disruptions During COVID

The past number of weeks have uncovered the weak links in our modern supply chains, further showcasing their delicate nature and highlighting the true importance of supply chain management. COVID-19 has disrupted supply chains worldwide, affecting key sectors such as technology, medicine, and food, to name a few. It has caused shortages in labour, shut factory operations, and slowed shipments. With a number of borders closed for the foreseeable future, export-driven nations look towards fighting a recession later this year. 

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To Better Understand Innovation, Measure the Right Things

After four years of research into innovation success, I have come to firmly believe that most innovation research is measuring the wrong thing … or at least is overlooking a critical unit of measure: the employee. To better understand how innovation occurs and how it can be sustained, we should be looking at the habits, characteristics, patterns of behavior, tools, and journeys of employee innovators. You will find that the people behind society’s greatest innovations were not entrepreneurs, did not work in organizations particularly supportive of innovative behavior, and were not led by leaders who really asked for innovation. So, what drives their innovation?

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