Globalization is the process of interaction and integration among people, companies, and governments worldwide
Several gauges show ship congestion continues to clear up even as shortages persist Few observers have had a better perch to watch the pandemic slowly clog — and now free up — one of the biggest arteries of global trade than Captain J. Kipling “Kip” Louttit. Two years ago this week, as fully loaded container ships…
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…
ByHBR.org
Summary. Although it sounds cliché, the world really is a more volatile place than it used to be. That’s because the drivers of uncertainty are more intense — there are more and more change vectors affecting outcomes and these vectors are more and more inter-related. The range of likely outcomes five and 10 years has…
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,…
