Chasing cheap labor and managing in silos are just two of the mistakes that Jeffrey Karrenbauer, president of Insight Inc., says companies continue to make. Karrenbauer shares his opinions about these and other practices that are, and are not, working in supply chain management.
Geographical information systems and advanced mapping tools will increasingly be used in the supply chain to map potential risks and mitigation strategies as well as to track people and assets inside the four walls, says Wolfgang Hall, global industry manager at Esri.
Many of today's customs house brokers rely on legacy systems. Increasingly, new Customs and Border Protection rules and regulations are challenging the capacity of these systems. Beyond just functional limitations, many firms are finding that older technology can be expensive to operate and maintain. Sometimes, maintenance demands are so great that in-house IT staff must focus all their time and energy on keeping these systems operational. Real risks accompany the decision to stick with older systems.
Both global and domestic supply chain networks will need to become more resilient and reliable in order to better manage more volatile demand as well as pressures on margins, according to recent analysis by two consulting firms.
Chris Caplice, executive director of the MIT Center for Transportation and Logistics, discusses his research on identifying dominant designs in logistics and how these designs, in which companies are heavily invested, may be disrupted by emerging trends.