Last year's horse meat scandal in the UK illustrated the ease with which criminals could target the food industry and make huge profits as they did so.
Chasing cheap labor and managing in silos are just two of the mistakes that Jeffrey Karrenbauer, president of Insight Inc., says companies continue to make. Karrenbauer shares his opinions about these and other practices that are, and are not, working in supply chain management.
Both global and domestic supply chain networks will need to become more resilient and reliable in order to better manage more volatile demand as well as pressures on margins, according to recent analysis by two consulting firms.
Chris Caplice, executive director of the MIT Center for Transportation and Logistics, discusses his research on identifying dominant designs in logistics and how these designs, in which companies are heavily invested, may be disrupted by emerging trends.
In the end, all outsourcing relationships are founded on trust. You can write a contract that drills down to the smallest details, but at some point you have to rely on the integrity of your partner. And when that trust is violated, the consequences can be severe.
MIT's High-Viz Supply Chain Project is developing a way for companies to automatically map and analyze supply chain risk. Bruce Arntzen, executive director of the Supply Chain Management Program at MIT, explains the methodology underlying this project, progress to date and barriers that still exist.
Success in marketing to U.S. millennials"”the generation of people now 18 to 34 years old"”will be critical to companies across product and service categories. One reason, of course, is that millennials represent the consumer market of the future.