A shift to shorter supply chains not only helps manage the unpredictability of costs, but also strengthens supply chain resilience by reducing dependency on distant suppliers.
The U.K. government, desperate for medical equipment at the start of the pandemic, handed contracts to firms with little experience in manufacturing or procuring them.
Ongoing disruption requires companies to make a fundamental shift in their supply chain strategy. What makes this transformation so difficult is that the scope of change required is extensive, involving many internal (and external) stakeholders, data and technology.
Managing a supply chain is a complex task which has only grown more intricate in recent years due to globalization, a volatile geo-political landscape, technological advancements, and the increasing demands of consumers.
The problem of modern slavery — coercing labor from ethnic minorities and economically disadvantaged adults and children — has lurked in global supply chains for decades. But trade laws in recent years have made it crucial for businesses to address this risk now in their supply chains — or face serious consequences.
Technological advancements like RFID and GPS have revolutionized supply chain management, providing visibility and rapid response capabilities, but also increasing risks such as cyber threats. A combination of physical barriers, technological solutions, and procedural controls creates redundancies that enhance resilience against threats like theft and tampering.
Today’s transportation methods rely heavily on fossil fuels. As environmental concerns rise and consumer demands for sustainability grow, companies must adapt.
The latest news, analysis, services and systems regarding global logistics and freight and their impact on global supply chains. Today’s companies are transporting and delivering perishables and manufactured goods faster and farther around the world than ever before through global logistics solutions. New technologies that provide information during global shipments are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As transportation and distribution services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using global logistics solutions to power their supply chains.
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