Skin ADV

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
 

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...


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...


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...


 

Supply chain E-learning



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



News & Trends
 

Last update 11 Jan 2023
Global manufacturing downturn continues at end of 2022 as output and new orders fall further
   Source: J.P.Morgan Global Manufacturing PMI   -  IHS Markit



Chemicals & Pharmaceuticals

Maximum safety and reliability and reducing the costs for our customers at the same time: we are able to offer the chemical industry an extensive range of chemical logistics services that hardly any other logistics specialist can match. It is our goal to harmonise our services with your specifications in s...


Education
 

Resources
 
Erema: Gaining a competitive edge through preferential exports

Erema, an Austrian manufacturer of recycling systems, uses AEB software to accelerate the proper classification of its components, manage supplier’s declarations, and ensure compliance in its exports. Erema ship...

Delivering the Sustainable Development Goals- Seizing the opportunity in global manufacturing

This white paper, developed jointly by PwC, GMIS and UNIDO, sets out the business imperative for manufacturing businesses of achieving the United Nations Sustainable Development Goals (SDGs), and why global manufactur...


International Agenda