Commentary

Preparing Now For What the Future May Bring

In 2022, it became clear that effective supply chain risk management (SCRM) is not a luxury but a necessity. The year saw numerous disruptions to global supply chains, including Russia’s invasion of Ukraine, the Log4Shell vulnerability, and concerns over rail strikes.

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Ukraine War’s Supply Chain Impact

In February 2022, Russian forces invaded Ukraine. While this is a terrible humanitarian event, it also impacts the global economy. There are economic repercussions not only in Europe, but also across the globe, especially since the timing of the war was not ideal.

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Container Shipping Shifts Balance

The East Coast is back in fashion for import supply chains that rely on containerized ocean freight. However, for many small and mid-sized shippers with historic dependency on Southern California distribution hubs, old habits will be hard to break.

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Stabilizing the Chemical Supply Chain

The chemicals industry may be stable, but the risks companies frequently face are volatile. Multi-stage shipping routes for hazardous or delicate materials incur risk at every step. Shifting to just-in-time inventories, with more frequent, smaller shipments, is a catalyst for procurement and logistics problems.

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GOOD QUESTION: What’s your biggest supply chain takeaway from peak season?

With peak season 2022 in the rear view, readers and industry insiders reveal key lessons and insights.

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Education: A Call to Action

A lot of transportation, logistics, and supply chain expertise is cycling out of day-to-day operations in the United States and it is worrisome.

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Leveraging NFTs to Elevate Shipment Security

Non-fungible tokens (NFTs) have the potential to revolutionize shipping. By digitizing the shipment process and providing a secure, tamper-proof way to track shipments, NFTs can help shippers protect their valuable cargo from theft and fraud.

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4 Ways Procurement Will Evolve in 2023

It may be easy for procurement professionals to have a dampened outlook for 2023 due to ongoing supply chain disruption and a potential recession looming. Despite these market conditions, there remains cause for optimism, as procurement leaders uncover opportunities to help their organizations navigate bumps in the road.

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Collaboration and Connectivity Have to Come Before Technology

Supply chain disruptions are at an all-time high, so it’s no surprise that technology designed to solve problems is plentiful. It should be. With pressure on everyone in the supply chain, we need tools like digital bookings, automated invoicing, and instant integration of data into transportation management systems. Let’s give thanks for technology, because nine times out of 10, it makes a difference.

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Managing Supplier Risk: It’s All About the Information

What was once “nice to have” information has been defined by law. As social and environmental concerns grow, governments and related third parties are demanding, with regulatory backing, that businesses manage ethical supply chains. What can large organizations with complex supply chains do to help mitigate supplier risk?

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