The Impact of Supply Chain Risks on Board Agendas
Supply chain management has gained prominence in board discussions as recent events have highlighted the need for effective risk mitigation. Moody's Analytics identifies four situations where supply chain risks warrant board-level attention. These include risks that impact revenues and costs, potential damage to reputation, high-profile risks like cyberattacks, and the consequences of adjacent supply chain risks such as sustainability and climate concerns.
As supply chains face challenges like rising commodity prices, geopolitical strain, and cyber threats, boards recognize the importance of addressing these risks for business continuity and resilience.
One of America's least populous states, North Dakota, is becoming a surprising hotspot for young adults.
In a recent column in Supply Chain Management Review, a story surfaced about how a LAN transformer led to thousands of Audi, Bentley, and Porsche vehicles being stuck at U.S. ports, potentially breaching the U.S. Uyghur Forced Labor Prevention Act.
After a challenging six months marked by the driest October in 73 years, the Panama Canal is finally seeing a turnaround.
It looks like New Orleans and its surrounding areas might be in for a pretty intense hurricane season.
Taiwan's biggest quake since 1999 could jolt the semiconductor supply chain across Asia.
Transloading, a logistics strategy used to alleviate container backlog during the pandemic, is gaining traction once again as U.S. West Coast ports receive increased container volumes redirected from the East Coast.
Apple has deep-rooted ties with Chinese suppliers spanning three decades, making it challenging to sever connections despite diversifying its sources.
The global market is currently flooded with goods from Chinese factories, ranging from cars and appliances to computer chips and electronics.
The container shipping industry is grappling with a surplus of capacity, leading to a drop in customer rates that Maersk CEO Vincent Clerc described as unsustainable during the company's annual shareholder meeting.
The COVID-19 pandemic has shifted perceptions around doomsday prepping, once considered the realm of conspiracy theorists.
Dr. Dan McKorley, Executive Chairman of McDan Group, encouraged the salt industry to adopt more sustainable transportation and logistics practices for a greener future.
European Union countries hit a roadblock on Wednesday as they halted the progress of new regulations aimed at making large companies accountable for potential forced labor and environmental harm in their supply chains.
In the ever-evolving world of supply chain management - Elliott Rodgers, EVP and COO at Foot Locker - emphasizes four crucial skills to ensure organizational success: comfort with uncertainty, global awareness, effective communication, and strong leadership.
Extreme weather events are emerging as the foremost concern for supply chains in 2024, according to a report by Everstream Analytics.
Developers of the proposed offshore wind farm near Long Beach, Long Island, announced the termination of the Empire Wind 2 project due to economic challenges - including inflation, increased interest rates, and supply chain disruptions.
The development of a European battery supply chain for electric vehicles independent of China is facing significant delays as companies shift their focus to the US market due to clean energy subsidies offered by the US Inflation Reduction Act.
Supply chain trends have shifted since the COVID-19 pandemic, with a focus on tender lead times increasing by 10-15%.
Novo Nordisk has raised its full-year sales and operating profit outlook due to high demand for its weight loss drug Wegovy and diabetes treatment Ozempic.
Nike's inventory units have decreased significantly, with a 10% year-over-year drop in inventory value, according to company executives.
The article discusses the impact of supply chain disruptions and the potential benefits of nearshoring, particularly in Mexico, for U.S. importers.
Chick-fil-A Supply, the distribution arm of Chick-fil-A Inc., is set to establish a new 120,000-square-foot distribution center in Kannapolis, North Carolina.
Germany, known for its economic prowess, is currently facing a stark reversal of fortune.
China's ongoing efforts to modernize its industrial system are expected to have a positive impact on global supply chains.
Liew Chin Tong, Malaysia's deputy minister of investment, trade, and industry, believes that the diversification of supply chains away from China presents a significant opportunity for Southeast Asian countries.
According to a survey by Capgemini, automotive original equipment manufacturers (OEMs) are increasingly confident in addressing future supply chain disruptions.
The U.S. Energy Secretary Jennifer Granholm revealed plans for the Biden Administration to allocate $12 billion in loans and grants to automakers and suppliers, aimed at facilitating the transformation of their facilities to produce electric vehicles (EVs) and other advanced vehicle technologies.
A recent survey by the Institute of Directors (IoD) reveals that over a third of U.K. importers (35%) have been impacted by escalating geopolitical tensions, primarily related to China, prompting them to reassess their supply chains.
The book "Breakthrough Supply Chains" offers a practical and rigorous methodology to build resilient and cost-competitive 21st-century supply chains for international business.
Iran's APT34, also known as OilRig, has launched a supply chain attack targeting government entities in the United Arab Emirates (UAE).
A recent judicial move in Milan has put a spotlight on some serious ethical issues in the luxury fashion industry.