Supply-chain disruptions cut about 7 percent of a firm's shareholder value, according to research by Accenture cited in a recent World Economic Forum (WEF) report on supply-chain resiliency.
Global executives are increasingly concerned about the growing risks to their supply chains and costly negative impacts such as margin erosion and inability to keep up with demand, according to a report from Deloitte. Yet as they operate in this environment of escalating risk, an alarming 45 percent of surveyed executives say their supply chain risk management programs are only somewhat effective or not effective at all.
A discussion with Dinesh Dongre, vice president of strategy with Softeon, about how companies can shift their focus from cost reduction to growth, as a response to economic recovery.
Alibaba Group Holding Ltd., China's largest e-commerce company, plans to join with partners to build a logistics network across China that can support 10tr Yuan ($1.6tr) worth of transactions a year within the next decade.
Slowly and steadily, a handful of Indian aerospace companies are getting absorbed into the global supply chain of OEMs. For instance, in the opto-electronics segment, the new Samtel-Thales Avionics joint venture "plans to become the first electro-optic house in the country," said executive director Puneet Kaura. By 2015, the company intends to supply the infrared search and track system as standard equipment for the Dassault Rafale fighter for the Indian Air Force. Meanwhile, the Thales-Bharat Electronics surface radar joint venture is on track and will be fully operational by March, said Eric Lenseigne, Thales's country head for India. "Offsets at a later stage could be a possibility."
Some of the biggest names in retail"”such as Walmart, Macy's, Marks & Spencer, Dillard's, JCP and others"”have implemented large-scale item-level RFID initiatives, in full production rollout. These have big implications for suppliers.
On February 1, 2013, the United States Department of Agriculture, Food Safety Inspection Service (FSIS), announced new guidelines governing the importation of meat and meat products. According to the bulletin, "the guide articulates which products and FSIS sampling and testing programs are subject to this policy." The program known as "test and hold" has a major impact upon product being exported to the United States and upon the importers of record for these transactions.
The latest news, analysis and trends regarding technology solutions and their impact on supply chain management. New technologies in forecasting and demand planning, supply chain visibility, big data analytics, the internet of things (IoT), cloud and software as a service (SaaS), enterprise resource planning (ERP) and transportation management systems (TMS) and WMS are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are improving operations through their strategic use of supply chain technology solutions.
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