Leading global supply chains have become dependent on the same small group of sub-tier suppliers - concentrating the risk and increasing the potential for crippling supply chain disruptions, according to Resilinc, which provides solutions for supply chain mapping, visibility and event monitoring.
Virgin Atlantic Cargo has become the first British airline to accept the new Sentry FlightSafe tracking device, developed by Texas-based airborne asset tracking solutions company OnAsset Intelligence, on its aircraft.
Growth in sales was making it tougher for the popular maker of premium ice cream to keep tabs on its production line. New software to ensure manufacturing quality was needed.
Only 41 percent of companies surveyed are considered to have "mature" supply chain risk management processes, but nearly four in five mitigate against disruptions by implementing a dual sourcing strategy, according to a recent report.
The list of challenges facing corporate leaders today is lengthy. It includes globalization, rapidly shifting market dynamics, fallout from the European debt crisis, and a potential slowdown in Asia. It is unclear how these economic trends will play out and what impact they will have on industries and countries. Companies will also be faced with unexpected turbulence, whether in the form of adverse changes in their business or the arrival of tough new competitors. All this makes it more critical than ever before for corporate leaders to closely scrutinize the cost side of their income statement.
Demand management as a pursuit, a skill, a function and a set of technologies has grown considerably in importance due to new ways to reach customers and new ways to analyze data about them. Intense competition for product companies and retailers and the squeeze on margins challenge companies to get a lot better at planning.
This is one of the great barriers to lean implementation: Concepts of lean are both counterintuitive and counter-cultural. Hence, if you wish to be a lean leader, you must go back to the basics and make sure you have a clear understanding before you are able to teach others.