In recent years, supply chains have become longer and more complex, while the severity and frequency of supply chain disruptions seems to be increasing. In close cooperation with Accenture, the World Economic Forum recently presented a report, "Building Resilience in Supply Chains," at the WEF Annual Meeting in Davos, Switzerland. It indicates that significant supply chain disruptions reduce the share price of affected companies by as much as seven percent on average.
New York-based BizSlate is launching its cloud-based resource planning tool to give small business a hand with their supply chain challenges. Unlike legacy vendors in that sector, including SAP and Netsuite, the technology is specifically designed for department stores, retail chains, small boutiques and the like. Chief executive Marc Kalman says BizSlate is ideal for companies that have "outgrown QuickBooks" but don't have ample resources at their disposal for IT.
Analyst Insight: The talk in outsource circles these days continues to revolve around the need for bigger and better collaboration and innovation. Some articles talk about the end of outsourcing, but what they mean - and a better way to put it - is to think about the end of outsourcing relationships as we know them.
- Kate Vitasek, faculty, University of Tennessee's Center for Executive Education. and Founder, Supply Chain Visions
As talks are announced regarding a potential free-trade agreement between the two continental powers, which could simplify and revolutionize the €450 per annum trans-Atlantic trade there are rumblings in UK freight forwarding circles that another agreement, potentially a precursor to the main agreement and involving the security concerns when shipping goods between the partners, does not appear to hold all that it originally seemed to promise.
United Parcel Service of America (UPS) has formed a partnership with electronic circuit boards manufacturer, Jabil Circuit, to provide reverse logistics services globally. Under the partnership, UPS's logistics and distribution business unit and Jabil's aftermarket services division will provide optimized reverse logistics solutions for return and repair programs to original equipment manufacturers, service providers and enterprises.
The Supply Chain Resource Cooperative (SCRC) in North Carolina State University's Poole College of Management is one of several partners in a five- year, $3.9m grant-funded project to build and evaluate supply chains for local farmers and fishers to supply large-scale markets in North Carolina. The project is led by the Center for Environmental Farming Systems (CEFS) in NC State's College of Agriculture and Life Sciences (CALS), which has been awarded the first year's funding of the grant by the Agriculture and Food Research Initiative (AFRI), part of the U.S. Department of Agriculture's National Institute of Food and Agriculture.
Shell, BP, Maersk, Stena and the Japanese shipping companies NYK, MOL and "K" Line have announced their joint collaboration with the United Nations Development Program (UNDP) to support job creation and capacity building projects in Somalia.
DB Schenker Logistics says it has started building a 23.5m euro ($32m) logistics centre in Rudna u Prahy, close to the Czech capital of Prague. The 90,800-square-metre terminal has been designed to meet the most advanced technological, safety and environmental requirements, the company says.
London Gateway, the new container port under construction on the banks of the River Thames, got a huge vote of confidence recently from an important source. The DP World funded operation is already in talks with several leading shipping lines, but the scheme is two-tiered and the plans eventually are to couple the dockside activities directly with a giant logistics park situated immediately behind the wharves.
Seventy percent of companies believe that climate change has the potential to affect their revenue significantly, according to a new report by the Carbon Disclosure Project (CDP) in partnership with Accenture.
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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