Despite key factors that cause disruption throughout the global supply chain, there are opportunities for operators to save costs by tightening procedures to minimise accidents, breakdowns, delays and other risks, according to Laurence Jones, TT Club's director of global risk assessment.
As enterprises look to minimize complexity, improve inbound supply chain efficiency and reduce costs, there is a growing need for intelligent solutions that provide the visibility, optimization and integration required to ensure that every part, component and package is shipped using the most effective service level.
The Open Group has issued a "preview" of its new standard for promoting best practices in the area of supply-chain security. The Open Trusted Technology Provider Standard (O-TTPS) Snapshot, developed by The Open Group Trusted Technology Forum (OTTF), was designed for use by global providers and users of commercial off-the-shelf (COTS) products for information and communication technology (ICT).
With dozens of federal agencies having some degree of involvement in the cargo clearance process, importers are crying out for a single government portal at the border.
An important series of guidelines to support the uniform implementation of mandatory measures to increase energy efficiency and reduce emissions of greenhouse gases (GHGs) from international shipping was adopted by the Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO), when it met for its 63rd session from Feb. 27 to March 2, 2012, at IMO Headquarters in London, paving the way for the regulations to be smoothly and uniformly implemented by Administrations and industry.
ImpactFactor recently completed a study on supply-chain risk, surveying managers of more than 100 companies. The results were not encouraging. According to managing director Bill McBeath, many companies don't consider proactive risk-management to be a strategic tool. He was "shocked" at how level their level of investment in that area was, with half reporting expenditures of $50,000 or less to audit and assess suppliers. "Not a single one spent more than $3m," he says. "Given the huge potential impact [of risk] on their shares, we believe companies are seriously under-investing."