Supply chain risk management - Articles - Page 2

Few Use Analytics to Mitigate Supply Chain, Financial Fraud, Poll Finds

April 7, 2016

A large percentage of companies continue to experience supply chain fraud and many of those may not be doing enough to address the problem, according to a new survey by Deloitte.

Have Oil, Gas Companies Done Enough to Guard Against Cybersecurity Risk?

April 7, 2016

BCG Perspectives

Across industries, companies have been intensifying their focus on cybersecurity. This is a direct consequence of the expanding role that digitization is playing in their business and operating models and the demonstrated potential for significant damage resulting from a successful cyberattack.

Labelmaster Offers Combo Labels for Lithium Battery Transport

April 5, 2016

Labelmaster

Labelmaster is offering a combination two-in-one handling label and document label for packages carrying lithium ion or lithium metal batteries.

Better Oversight - Not a Ban - Needed for Lithium-Ion Battery Cargo on Planes

April 5, 2016

Air Cargo World

There is no doubt that lithium-ion batteries, when packed together without the proper packaging and handling precautions, can certainly be dangerous. In 2014, the Federal Aviation Administration applied heat to a container packed with 5,000 lithium-ion batteries that resulted in a thermal runaway and subsequent explosion of flammable gases emitted within the container. Even a favorite fire suppressant, when used, was ineffective in extinguishing the fire. The danger appears to be inherent in all aircraft configurations, passenger or all-cargo.

Three Ways to Reduce Workplace Accidents, Illnesses

April 5, 2016

Industrial Distribution

The transportation and warehousing industry suffered more than 95,000 industrial accidents and illnesses in 2014, according to the Bureau of Labor Statistics of the U.S. Department of Labor. That works out to 225 per 10,000 workers - one of the highest rates of any industry. Most estimates put the annual cost of workplace injuries at more than $50bn, so it makes sense from a business as well as a moral point of view to make safety a priority. The following are some proven ways to increase safety.

How Technology Is Boosting Risk Levels at Ports and Terminals

April 4, 2016

Robert J. Bowman, SupplyChainBrain

Without question, technology has been a boon to global trade. But it's also responsible for raising the risk factor at every stage of the supply chain - and especially at ports and terminals.

Internet of Things Sounds Good, But Can You Trust Smart, Connected Devices?

April 1, 2016

CFO

If you had an unlimited budget and little need for sleep, you could attend most (but not all) of the dozens of Internet of Things (IoT) events scheduled around the world in 2016. You'd not get much actual work done, but you'd hear a lot about what's possible when everything gets "smart and connected" and the new business opportunities that IoT will enable.

Crime, Weather, Terrorism, Migration Crisis Cost Global Supply Chains $56Bn Last Year, Study Says

March 31, 2016

Loadstar

Research from the British Standards Institute (BSI) has found that global supply chains gained a combined $56bn in extra costs last year, incurred by crime, extreme weather, terrorist threats and the migrant crisis that swept across Europe.

Squire Patton Boggs Offering Export-Compliance Expertise

March 29, 2016

Squire Patton Boggs

Squire Patton Boggs is partnering with the Manufacturer's Center for Legal Action (MCLA) of the National Association of Manufacturers to provide NAM members with legal expertise on export compliance.

As Businesses Include Climate Change in Supply Chain Risk Plans, Property Insurers Don't Keep Pace

March 28, 2016

CFO

From a purely business standpoint, considerations of where and how to build facilities (or alter existing ones) to lessen climate risk have moved up the risk management priority list. Such moves can ward off costly business stoppages in the event of extreme weather events. Perhaps more significant, on an ongoing basis, they also earn lower property insurance premiums.