Removing sea mines near Ukraine’s key ports could take months, and hundreds of seafarers are still stranded in the region following Russia’s invasion of the country, according to the United Nations agency responsible for shipping safety.
Tiffany Presley, attorney in the Supply Chain Practice of Barnes & Thornburg LLP, offers advice on how manufacturers can achieve better visibility of, and control over, suppliers at the tier-one level and beyond.
The pharmaceutical industry loses roughly $35 billion annually because of failures in temperature-controlled logistics. Those losses are almost entirely preventable.
Just-in-time and Lean inventory strategies might have served their purpose in the past, but supply chains today are shifting their collective mindset to brace themselves against unanticipated disruptions, says Christine Barnhart, vice president of strategy and GTM with Verusen.
After some promising signs of supply chain stabilization toward the beginning of the year, suppliers and distributors across the globe are suddenly finding increased exposure to the risk of insolvency.
President Joe Biden’s attempt to defuse a complicated trade dispute that’s paralyzed the U.S. solar industry is drawing swift criticism from some of the very companies the White House had been seeking to appease.