As businesses increasingly rely on external parties for critical services, they become more vulnerable to business interruptions. This is especially true when such businesses know little about their third-party vendors' resiliency and recovery capabilities, according to PwC US, which examined the effects that vendor resiliency, or lack thereof, can have on an organization's business continuity strategy.
Greg Cronin, executive vice president of Intelligrated, and Nyle Morris, vice president of sales at Knighted, discuss the paradigm shift in fulfillment strategies being driven by omnichannel retailing and the type of integrated solutions that these strategies require.
Eighteen percent of online adults in the U.S. have had important personal data stolen, according to a Pew Research Center study highlighting the crisis in data protection.
Large UK manufacturers lost more than £58m in 2013 following a raft of preventable supply chain issues, including firms' failures to deliver goods on time.
Netwin Solutions Inc., a provider of applications for supply-chain security and global trade management, has launched a software module to help companies comply with new rules for reporting on the presence of conflict minerals in their products.
Insufficient communication and too much emphasis on controlling factory capital expenditures means that manufacturers pay massive energy-inefficiency costs over the lifetime of their plants, according to research firm IHS.
The rise of global sourcing as a means to minimize costs has had the unintended consequence of increasing risk. Dependence on an increasing number of suppliers makes it difficult to monitor their performance without automated metrics. According to a 2013 Supply Chain Resilience Survey, 75 percent of organizations experienced at least one supply chain disruption incident in the past year.
The Food and Drug Administration has the responsibility for implementing FSMA and has issued seven proposed rules on each of the critical elements. These include Hazard Analysis and Preventive Controls for both human and animal food; Produce Safety; Intentional Adulteration; Foreign Supplier Verification Programs; Accreditation of Third-party Auditors; and finally the Sanitary Food Transportation Act (SFTA).