A supply chain is a network of facilities that procure raw materials, transform them into intermediate goods and then final products to customers through a distribution system. It refers to the network of organizations, people, activities, information, and resources involved in delivering a product or service to a consumer.
ByEY
A survey of supply chain leaders shows the need for visibility on sustainability performance and a holistic business case to drive results. In brief EY teams surveyed 525 executives about their sustainable supply chain practices. Many have long-term strategies but struggle to measure their progress. Business case initiatives for sustainability stretch beyond cost savings to…
Shipping strains are on the mend, but a painful spell of weaker demand might be next. Rock guitarist Jack White, who extended his “Supply Chain Issues Tour” into October, might want to name his band’s next road trip after a different villain. That’s because supply strains, while still afflicting many consumers and businesses, are becoming more mundane…
Just-In-Time (JIT) inventory and manufacturing systems are management strategies where replenishment orders of raw materials, assemblies, and finished goods are based on production schedules; which themselves are based on real customer orders that are due at specific dates (even times). The objective is to increase efficiency and effectiveness by decreasing the waste associated with carrying…
Supply chains are global, and the world is shrinking, meaning a shock to one part is a shock to the whole. And the shocks to supply just keep coming … Just as scientists and public health officials are daring to suggest the Covid pandemic might be entering its end-game, so China announces strict new lockdown measures,…
Amid supply chain woes and inflation, five priorities for companies. Manufacturing companies are going through a fundamental rethink of their supply chain structures and long-term talent development plans as they look toward a post-COVID future. There is also a structural shift in priorities, attitudes and investments related to environmental consciousness. While ongoing inflation pains will…
ByUpply
The war in Ukraine is exacerbating the rise in energy prices and disruptions to supply chains that have emerged during the pandemic. These two factors will weigh on the evolution of transport prices and logistics costs in general. Two years after the outbreak of the pandemic, which generated an awareness in Europe of issues concerning strategic…
