Dramatic new evidence from the UN Conference on Trade and Development shows just how much the demand for goods has soared because of COVID-19. And, crucially, despite what you may have read in various places over the last few days, it provides evidence that the goods supply chain (read: container shipping) is highly resilient.
What is supply chain resilience?“Supply chain resilience has been defined as the...
US companies are unlikely to make significant moves in global sourcing strategy over the coming three months as the government conducts a strategic review of the nation’s supply chains.
On 24 February, President Biden signed an executive order for a 100-day review of critical supply chains to identify vulnerabilities, following the shortage of semiconductors that has disrupted car production. The review targets four groups of critical goods as well as six …
The post Logistics investment goes on...
https://theloadstar.com/logistics-investment-goes-on-hold-as-us-supply-chain-review-looms/
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In March, the Covid-19 pandemic changed the world. In the logistics industry, supply chains were instantly disrupted by closed borders, restrictions on importing and exporting goods from certain countries, and barriers to sourcing products normally acquired from areas affected early on by Covid-19, such as China.
Even on the front line, final-mile delivery drivers had to learn how to make increasing numbers of safe, contactless deliveries.
On top of this, demands for …
The post Lessons learned:...
https://theloadstar.com/lessons-learned-how-will-covid-changes-help-logistics-prepare-for-brexit/
Covid-19 has renewed focus on supply chain resilience, but despite two-thirds of companies experiencing supply chain disruption, in the past decade only half of them have taken any measures to build resilience.
A report published last week by 3D Hubs found that more than 96% of global companies are planning to make resilience a key aspect of their supply chains, although more than half have yet to do so.
Nearly 60% of …
The post Supply chain resilience a top priority, but how do you build it?...
https://theloadstar.com/supply-chain-resilience-a-top-priority-but-how-do-you-build-it/
Supply chains will be different in the wake of Covid-19: the preference will be for more resilience and flexibility, according to a new white paper.
While many lessons have already been learned, businesses are starting to work out how supply chains will need to alter, said Richard Wilding, professor of Supply Chain Strategy at Cranfield University, who co-authored the paper with DHL.
As the crisis was not driven by supply chain collapse, …
The post ‘Bullwhip effect’ may feature in the...
https://theloadstar.com/bullwhip-effect-may-feature-in-the-post-coronavirus-logistics-new-normal/
Now, more than ever, as supply chains across the world are affected, port operators need to account for isolated, disruptive events that have the potential to impact not only their operations, but also their profitability.
World trade increasingly relies on longer, larger and more complex port facilities and systems, with maritime transport a vital trade backbone. As such, when ports experience failures or disruption, it’s big news.
For example, in June 2018, …
The post Rethinking resiliency as...
https://theloadstar.com/rethinking-resiliency-as-the-pressure-on-port-operations-increases/
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.
Meta-description: C-suite executives often use supply chain resilience, agility and flexibility interchangeably, but what do they mean and have to do with digital transformation?
How often do you really think about digital transformation? Digital transformation is everywhere – even in the palm of your hand. But, its true applications continue to fall short of what...
https://s29755.pcdn.co/news/commentary-how-digital-transformation-builds-supply-chain-resilience
Improvements in meteorological forecasting have opened a “critical window” for supply chains to mitigate risks posed by weather phenomena including cyclones and hurricanes.
Forecasts for the 2019 hurricane season indicate a “below-average” number are expected to hit North America, with DHL’s cloud-based risk management system Resilience360 putting this down to cooler ocean temperatures.
Citing scientists at Colorado State University, the system is predicting five hurricanes during this year’s...
