
Supply (201)
Chip Shortage Crippling the Auto Industry Could Last Until 2022
- Monday, 07 June 2021
- Supply
- Written by Danielle Loughnane
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.
Read more...Congested Supply Chains Can Impact Traffic
- Monday, 31 May 2021
- Supply
- Written by Scott Koegler
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.
Read more...Is Your Supply Chain as Vulnerable as the Gas Pipeline?
- Monday, 24 May 2021
- Supply
- Written by Scott Koegler
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.
Read more...Comply and Beware These Supply Chain Regulations
- Monday, 17 May 2021
- Supply
- Written by Scott Koegler
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.
Read more...How is Your Supply Chain Being Disrupted?
- Monday, 03 May 2021
- Supply
- Written by Scott Koegler
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.
Read more...Track These Security Issues that May Affect Your Supply Chain
- Monday, 19 April 2021
- Supply
- Written by Scott Koegler
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.
Read more...These 5 Pandemic-Driven Supply Chain Changes Need Watching
- Monday, 05 April 2021
- Supply
- Written by Scott Koegler
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.
Read more...Understanding Supply Chain Services
- Monday, 29 March 2021
- Supply
- Written by Scott Koegler
Simply put, a supply chain is made up of the activities or processes needed by an organization to deliver goods or services to a consumer. For any business that manufactures or deals with a product or a service, a supply chain of a given size is needed to avail them to the consumer. It begins with sourcing raw materials, manufacturing, and finally delivering the finished product to the customer. Supply chain management (SCM) entails overseeing and regulating the supply chain and ensuring that every aspect works as required.
Read more...Local Delivery Will Determine Your Retail Success
- Monday, 22 March 2021
- Supply
- Written by Scott Koegler
Putting an effective shipping strategy in place is one of the leading steps you can take to grow your business. In an era where many companies have invested in e-commerce channels, supply chain management and operations will be impacted largely by its online presence. Although there are many things that you must consider at different times of the year, the biggest ones are timely shipping and order fulfillment. In the future, retailers will need to have a robust merchandise shipping method to impress their customers or return if products fail to work as expected.
Read more...US White House Prioritizes Supply Chain Challenges
- Monday, 15 March 2021
- Supply
- Written by Scott Koegler
Supply chains are volatile, with the potential to test the strength of any leadership to a great extent. In recent years, American leadership has struggled with ensuring the availability of essential products such as medicine, food, and computer chips. Last year, the coronavirus pandemic made things worse. It furthered the scarcity of items, most of which were needed during the pandemic, such as the personal protective equipment (PPEs) required by the frontline health workers. For this reason, the White House has prioritized the creation of a more resilient supply chain that is secure and has the potential to deliver critical and essential goods.
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