Trade Compliance and Export Control are not just buzzwords in global supply chain. They represent significant risks, and breach of trade rules and regulations can have serious ramifications for businesses, Consequently, knowing the risks is important for any international company.
Historically, third-party logistics providers, or 3PLs, provided traditional logistics services, such as transportation and warehouse management, and nothing more than that, but 3PLs have evolved to becoming orchestrators of supply chains that create and sustain a competitive advantage.
Outsourcing and relying on a third-party provider for logistics, or 3PL in short, can be quite a cost-saver, but is not without caveats. While there are significant benefits, there are also a number of challenges: current requirements, future growth, information exchange and security.
Frankly, if you are investigating how to make supply chains more resilient, and if you forget to mention this article in your literature review, then I would say that, obviously, you have absolutely no clue about supply chains or resilience.
Creating Resilient Supply Chains: A Practical Guide, published by the University of Cranfield in 2003, almost a decade ago, is now perhaps the standard reference for research in risk, vulnerability and resilience in supply chains, and it belongs in every literature review on those subjects.
This paper presents a state of the art review current research on supply chain resilience and comes up with two different frameworks for categorizing supply chain risks and highlights the importance of information sharing and visibility along the supply chain.
Today’s post is a favor towards Mrunal Korde, a MSc in Logistics and Supply Chain student at Curtin Singapore. Mrunal contacted me and asked where to post a survey on supply chain risk management, and after som e-mails I agreed to help him in promoting the survey on this blog.
Small and medium-sized enterprises (SMEs) make up the majority of enterprises in most countries, and thus often play a considerable role in supply chains, yet they often lag behind in implementing effective risk management practices, which are essential to their survival and their business continuity.
Do we ever learn? How come we humans knowingly and willingly put ourselves and our critical infrastructure in harm’s way time and again? Instead of living with and adjusting to natural hazards, we turn them into natural disasters, by our own doings and short-sighted decisions.
Supply chain flexibility is a decisive factor in avoiding supply chain disruptions. One major contributor to supply chain flexibility is the flexibility of the logistics provider, and a recent paper develops the construct of transport flexibility within the context of supply chain strategy.
This month’s blog review is not just a post, it is perhaps also an Easter Egg in disguise. It is a blog as a blog should be. It is a personal blog and it is a fun blog, but it never forgets its main goal: to spread life’s own lessons in business continuity and risk management.
Security concerns are an issue of importance in any supply chain. This paper presents the current state of initiatives in supply chain security management, and discusses their managerial implications, highlighting the importance of interplay between various business and governmental parties.
I’ve been travelling this week, which is why there haven’t been any posts for a while, and on my trip I experienced first hand the latest innovation in aviation logistics: Point Merge. Effectively, this new system is nothing more than Just-In-Time in practice. Why does this make flying better?
The Journal of Business Logistics (JBL) has just issued a call for papers on The scope, nature and management of Global Supply Chain Risk. This call is intended to provide outstanding visibility to high-caliber, leading-edge research in a broad range of supply chain risk management topics.
On one hand, a disaster relief operation could be viewed as a supply chain operating under an extreme supply chain disruption. On the other hand, a disaster relief operation could also be viewed as a supply chain operating with extreme supply chain flexibility or extreme supply chain agility.
This a book for companies wishing to survive into the future, simply because developing effective protection against exposure to ‘ethical risk’ is the only possible way forward, as corporate social responsibility is growing in importance. Not the only possible way, but the only viable way.
This is a highly quantitative paper, yet it seems to be very applicable in practice. It proposes a hybrid MCDM method based on ANP and Fuzzy TOPSIS to enhance previous solutions for the problem of selecting the best supplier from a set of potential alternatives based on a set of risk factors.
This webinar – in German – takes a closer look at the risks and pitfalls involved in trading across borders, and in particular how non-compliance with trade and regulations can severely hamper supply chain operations.
What is the purpose of this blog? Where should I be headed? Finally, I have developed a “mission statement” and those of you following this blog on a regular basis will probably have noticed the subtle changes already. So…what is this blog going to be about in the future?
My featured blog this month is the SCRMBlog by Daniel Stengel, as it happens perhaps my fiercest competitor in the supply chain risk blogging scene, if there indeed is such a scene. Daniel’s blog has existed for not more than a little over a year, but he has already made considerable impact.
