The current component shortages are rocking the electronic manufacturing industry as well as the industries that depend on them, which, let’s face it, is most industries. Who’d have thought that a handful of electronic parts could halt production of millions of dollars or automobiles around the world. Well, that’s exactly what happened, and there have…
The past 18 months has proven that the unthinkable really can happen, and the whole world has had to deal with previously unseen levels of disruption without any real guidelines. The pandemic has demonstrated how seriously production is affected when supplies aren’t available, travel is restricted, and when less (or no) workers are allowed on…
Supply chain management has become an increasingly tech-centric process. Rapid digitization and widespread adoption of technologies like internet of things (IoT) devices have made logistics more efficient than ever but simultaneously introduced new risks. Consequently, supply chain cybersecurity should be at the forefront of your mind. The Identity Theft Resource Center (ITRC) reported a 42…
Due to economic and environmental pressures industrial operations are moving toward a more automated future. This has been happening for quite some time as automation, powered by robotics in manufacturing, provides a host of benefits such as operational cost savings, higher efficiency and faster time to market. The global market for both industrial and non-industrial…
Supply chains had an unusually challenging year in 2020, one that will likely result in considerable changes. After the Covid-19 pandemic caused massive disruptions around the globe, logistics companies are taking new steps to prevent similar situations in the future. Data analytics is taking center stage amid all this change. Experts predict that the world…
Today’s supply chains are laden with inefficiencies, as most companies rely on antiquated practices to oversee and manage how goods get from place to place. The supply chain is delicate — even one disruption among suppliers, buyers, and logistics providers can have a trickle-down effect that causes waste, time loss, and increased carbon emissions. With…
Sustainability is often little more than a buzzword in modern supply chain management. Multinational corporations set sustainability standards and try to follow them, but the issue of maintaining them across a supply chain can be difficult. True sustainability is a concept built upon three pillars: environments, economics, and people. When supply chain management fails, negative…
Right now the design chain is disrupted by a shortage of semiconductors; last year it was the pandemic; and the year before that it was trade wars and tariffs. Next year, nobody knows. What we do know is that change happens and these severe and challenging disruptions are getting more frequent, not less. So how…
Supply chain and logistics professionals must increasingly prepare for the impact of severe weather events on operations as many scientists agree that climate change will only worsen dangerous weather. Semiconductor companies are still recovering from snowstorms in Texas, and Germany is reeling from devastating floods. Here are five practical ways to minimize the impact of…
After more than a year of widespread disruptions, supply chain and logistics operations are starting to regain pre-pandemic productivity. About 72 percent of executives surveyed by EY say Covid-19 had an overall negative impact, so the year ahead will be one of rebuilding and growth. It’s the perfect opportunity to improve logistics for any company.…