Supply Chain Topics

Topics > English > Supply Chain Resilience  

Supply Chain Resilience

The Point of View of Quintiq


The butterfly effect
The “butterfly effect” was a term coined by mathematician, meteorologist and chaos theory expert Edward Lorenz around 1960. It refers to how one small incident can have a huge impact later on down the line. The recent West Coast ports cargo-handling disruption is an example of the butterfly effect. The labor dispute caused freight bottlenecks. Companies using West Coast ports had to spend additional millions to cover extra inventory costs and shipping delays. US trade deficits rose to a massive $46 billion in December 2014.

Have you got what it takes to bounce back?
Labor disputes, bad weather, and IT outages are just some examples of disruptions that could affect an otherwise well-designed supply chain. They are unpredictable, inevitable, and can cause substantial damage to business operations and financial performance.

What do you do when a wrench is thrown in the works? Scrambling for solutions puts you at risk for being left behind your competitors.

What you need is a supply chain that is designed to be resilient in the face of disruptions.

But what makes a supply chain resilient?

 


read more >>
(external link)





-------------------------------------
Would you like to add your standpoint for this topic?
Contact SCM Portal at info@scm-portal.net

--------------------------

Please find hereafter some documents of interest related to "Supply Chain Resilience". To refine this search, please select or change your language of interest.


Language Filter

DOCUMENTS
 
An often underrated, misunderstood and underutilised role of the procurement professional is the site visit. Seen as many as a bit of a jolly or a waste of time, the site visit...

The purpose of this paper is to investigate the alignment between product design and the supply chain and to identify how this alignment impacts on a firm's supply chain...


As a supply chain manager, you certainly have your hands full these days. You’re charged with finding ways to boost profits and competitive advantage, even while cycle times...



 

Supply chain E-learning



Explore available supply chain e-learning modules by language and academy



News & Trends
 

Last update 7 Feb 2021
Global manufacturing upturn slows at start of 2021 as supply chain pressures continue to build
   Source: J.P.Morgan Global Manufacturing PMI   -  IHS Markit



Retail

The retail sector is always on the move. Whether this involves shopping centres, shops in inner city locations or at airports – trends change very quickly and the goods change just as rapidly too. To keep up with these developments, highly complex and process driven supply chains are needed. With our...

5 Myths About Shipping and Freight Forwarding in 2020

This year more than ever, the global logistics chain has had to fly by the seat of its pants. Constant disruptions and global uncertainty have led most businesses to reconsider their fundamental assumptions about the ...


Education
 

Local & Regional Agenda
 


Resources
 
Tudor Rose International increases productivity through integrated SCM platform ASSIST4

Tudor Rose International is Europe’s leading export market management company specialising in building brands around the world. In business for nearly 30 years, the innovative company mastered an ambitious IT mo...

'Digitalization and the supply chain: Where are we and what's next?'

The report reveals that new technologies and solutions are developing at a fast-pace and disrupting industries on multiple fronts, with supply chains struggling to keep up. The global survey of nearly 350 supply chain...


International Agenda