Supply chains were already in disarray thanks to overcongested ports, as in Los Angeles. AP Photo/Damian Dovarganes Tinglong Dai, Johns Hopkins University Francis Fukuyama, the American political scientist who once described the collapse of the Soviet Union as the “end of history,” suggested that Russia’s invasion of Ukraine might be called “the end of the …
The risk management part of supply chain management that deals with external suppliers, vendors, logistics, and transportation is also known as supply chain security. Its important mission is to identify, analyze and properly manage the risks associated while dealing with another in a supply chain. At the same time, both physical security and cybersecurity are …
Sarah Schiffling, Liverpool John Moores University and Nikolaos Valantasis Kanellos, Technological University Dublin Everything was about shortages in 2021. COVID vaccine shortages at the start of the year were replaced by fears that we would struggle to buy turkeys, toys or electronic gizmos to put under the Christmas tree. For most of the year, supermarket …
Sustainability is one of the most critical issues currently in the world. More and more consumers are now concerned about making ethical decisions when it comes to consuming products. That is why it is vital for them to know what they buy and who they buy it from. We need more transparent supply chains to …
How Transparent Supply Chains can Make our Planet More Sustainable Read More »
Supply chains in 2021 have seen dramatic changes due to challenges caused by COVID-19. Yet, some of those changes were nothing new. Shifting trends of value chains have been transforming supply chains for years now. This pandemic only sped up these changes as supply chains needed to adapt. Let us see how these trends have …
The Shifting Trends of Value Chains in Supply Chain Management Read More »
When companies, consumers, and politicians worry about supply chain disruptions, indications signal a potential breakthrough. Although these challenges put much stress on the market, not everyone involved seems to have a hard time. For example, this situation appears to be a moneymaker for ship owners. Their earnings are similar to 2008 levels, a time even …
Supply Chain Disruptions: Is the end anywhere near? Read More »
Globalization made supply chains global as opposed to local sourcing. Global supply chains became an integral part of businesses increasing their competitiveness. But global supply chains did not only bring benefits but also exposed companies to more challenges. Some of those challenges are obvious, while others are subtly threatening businesses. The Globalization of Supply Chains …
The COVID-19 pandemic served as a big test for supply chain management (SCM). It may have started in Wuhan, China, but the world felt its ripple effect with a great disruption in global supply chains. From this becomes evident the degree of globalization of international markets and the world’s interdependence. Furthermore, it exposed the weaknesses …
The Impact of COVID-19 in Supply chain Management Read More »
The “SMEs: Be Prepared For Supply Chain Risks” project was launched in September 2020. Supply chains have become more and more connected and globalized. Data exchange has increased over the years due to ICT advancements. Even though this increased data exchange can contribute to certain benefits, such as improved processes and planning it also bears …
Supply chains in the modern era have become more complex than before, as they are more globalized and interconnected. For this to happen, advancements in the Information and Communications Technology (ICT) sector played a crucial role as they are the ones that allowed this complex system to work. With the help of ICT, businesses established …
BePrepared Survey to Identify the Supply Chain Risks in SMEs Read More »
