Taking on risk – logistics insight asia

Today’s often unstable geopolitical landscape external volatilities – including natural disasters, political unrest and economic turmoil – can have a potentially devastating impact on a business’ operations. Rock garden green bay Natural disasters, for example, frequently disrupt engineering and manufacturing (E&M) companies’ supply chains and in vulnerable regions such as Southeast Asia and Sub-Saharan Africa, such incidences have caused major economic losses.

Globally, the political landscape poses significant challenges to the smooth running of large-scale businesses. Facebook login mobile android Civil unrest is a major risk in over 30 percent of all countries and even outside of the Middle East; incidents of terrorism have risen by 59 percent compared to the first half of 2015.

Small garden ideas without grass In an increasingly digital age, cyber risk is also on the rise. Facebook desktop app Data breaches and hacker attacks are not uncommon and investment in cyber security is a new priority for businesses.

Central to helping manage these risks is a business’ supply chain. Bat size chart Although there are a number of functions that must play a role in the development of a company’s risk management strategy, a successful approach will always be supported by an effective, resilient and well-managed supply chain. Baseball pitches grip Research from the World Economic Forum indicates that supply chain disruption can affect not only profitability but confidence in the company: large scale disruption to the supply chain is likely to impact a company’s share price by seven percent on average.

For many large-scale E&M businesses, the supply chain plays a central role throughout operations. Facebook app for iphone It must be protected, and each company should also prepare for the external factors that could negatively impact the supply chain. How to build a raised deck The current design paradigm of a longer, leaner supply chain could prove to be a burden in the future. How to lay flagstone Therefore, from the planning stage of any project, it is important to assess risks and prepare for them by implementing contingency plans. Texas mlb teams Equally important is the insistence that suppliers have appropriate contingency plans in place. Garden of the gods map Increasing supply chain visibility is a core element of this – visibility makes it easier to understand where products are, how shipments could be disrupted, and what must be done to mitigate for this.

Supply chain risk management works best when companies have the earliest possible notice of potentially disruptive incidents. Francesca battistelli lyrics Data analysis is a key element. Baseball players with beards By analyzing past data, E&M businesses can develop a better understanding of what risks they might face at any given time, and ensure they are protected in the future. Slider pitch Communication across business functions means that data can be centralized and analyzed most effectively, helping companies to predict risk. House design ideas exterior Collaboration across business functions should always be encouraged. Types of fences E&M companies should run simulations on their supply chain processes as well so they can identify pressure points and predict how these might have an impact in future.

Despite a company’s best efforts, sometimes it is inevitable that disruption will impact the supply chain. Realtime landscaping architect What is important now is that businesses put their planning into action. Nolan ryan fastest pitch Employees need to react quickly but carefully, and the business must communicate clearly both internally and externally with its partners. Www cbssports com fantasy football If the business has prepared well and used robust data to predict the potential of risks in the supply chain, overall impact on operations will likely be reduced.

Ultimately, businesses will never completely avoid disruption but if they prepare they can potentially reap rewards. Hard landscaping ideas Companies that get supply chain risk management right have a strong foundation on which to develop their overall risk management strategy. Backyard beach ideas With it, they can often gain advantage by filling the gaps left by their less agile competitors. Facebook mobile login page android By investing in more resilient supply chains, E&M businesses will not only reduce the impact of disruptive events, they will also have the potential to boost overall business performance.

Although there are a number of functions that must play a role in the development of a company’s risk management strategy, a successful approach will always be supported by an effective, resilient and well-managed supply chain.

DHL worked with Schmitz and Cargobull to improve its supply chain visibility and protect on-time delivery. Basin irrigation wikipedia Following a period of rapid expansion, Schmitz Cargobull needed better supply chain visibility, right down to component level – a challenge in a sub-sector of extremely short lead times. Spring training 2016 stats The sector also features high demand volatility, and trailer customers can typically change their order right up to the point of production. Fantasy football 2016 guide The manufacturer also wanted a detailed global view of daily events that might impact production. Facebook live stream Its supplier base is in 19 countries, inputting to eight production facilities, and there are drop-off points for finished trailers in 25 countries. Softball drills for 12u Supply chain visualization was essential for a comprehensive disruption management system.

The DHL Resilience360 team provided Schmitz Cargobull with an interactive, multi-tiered global map of its end-to end supply chain. Football scores nfl today Search and filter capabilities allow executives to monitor products, parts, and materials. Landscape institute The platform enables Schmitz Cargobull to react to incidents before they become problems. Garden landscape design Emergency shipments can now be planned, so business never falters and orders remain on time. 2016 olympics basketball usa roster DHL has also created more than ten new solution features to meet Schmitz Cargobull’s specific needs, including a customized view that connects sites and products according to the customer´s organizational structure.

As a result of this, Schmitz Cargobull has achieved end-to-end supply chain visibility at production component level with a significantly lowered manpower investment and proactive alerting has enhanced its capability to fulfill delivery promises. How to landscape Resilience360 has also enabled improved efficiency by monitoring first tier and protecting second-tier suppliers. Back garden ideas uk Schmitz Cargobull also benefits from improved demand forecasting at supplier materials level, while visualization helps to reduce logistics costs.

Logistics Insight Asia will cover all technical, business and social aspects within the logistics industry and it is the must have value add gateway to potentially growing your business to greater heights. Fantasy football team names We provide extensive coverage for everything that involves supply chain planning: materials, products, information and finances from suppliers to manufacturers to consumers. Louisville slugger field Coupled with regular interactions with industry leaders, our presence at major exhibitions and events ensure that we are up to speed with the latest developments and trends in the industry.

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