As U.S. and Canadian businesses plan to expand their business overseas this year, supply chain failures, data breaches and political instability are weighing heavily on the minds of their executives, according to a survey by the Chubb Group of Insurance Companies.
The challenge of managing corporate reputation in an era of complex global supply chains is rarely out of the spotlight. From poor working conditions to environmentally unfriendly practices, there are a growing number of areas where brands are at risk from the rise of multi-tier supply chains. A succession of scandals has brought the supply chain to the public’s attention - from horse meat being discovered in the ready meals of UK retailers to factory fires in Bangladesh and exploitation of tin for mobile phones in Indonesia. The culmination of these stories means what was once an internal company process is now very visible to the public and runs the risk of inflicting serious damage on a brand's reputation.
Siemens Industry Sector is partnering with McAfee, a division of Intel Security, to provide security and protection against global cyber threats for industrial customers.
The pathway to full serialization and tracking of prescription drugs by 2023 is well under way. Bob Kennedy, vice president of business development at DMLogic, discusses the challenges and opportunities serialization presents for the pharmaceutical supply chain.
Reacting to public outrage, Western retailers and apparel brands began a major push to improve safety at the Bangladeshi factories they do business with. It involves a sprint to inspect hundreds of plants each month and a commitment to help correct any safety problems found — all with an eye to preventing another catastrophic collapse or fire. But instead of joining forces, the Western brands have divided into two sometimes feuding camps.
In 2013, 80 percent of supply chain leaders had a material supply chain disruption. It was not just one. The average company had three. Yet, in a study that just completed, when asked about business pain, supply chain risk rates low. How come?
Bill Ferrell, professor of industrial engineering at Clemson and one of the authors of the newly published Material Handling and Logistics Roadmap, discusses the findings of this comprehensive study and what they mean for the industry's future.
What is forecast value-add, and how can it be applied to organizations in a time of volatile and unpredictable demand? Eric Wilson, director of demand planning and S&OP with Tempur Sealy International, has some answers.
Corporate criminals are using professional and systematic methods to target the weakest link for global organizations, the supply chain. High profile exploits such as Target's supply chain disaster are raising concerns across numerous verticals on business stability. With the threat of tainted and counterfeit technology products building every day, organizations must come together now and take what steps they can to mitigate risks to the supply chain.