Supply Chain

IHS Market: Projected 2020 GDP Growth Creeps Up to -3.5% as Inventory Investment Strengthen

Tuesday, October 6, 2020 · Patrick Burnson IHS Markit reports that recent data imply third-quarter real GDP growth will be near 33%, stronger than previously anticipated. According to Joel Prakken, chief US economist and co-head US economics, IHS Markit, this has encouraged them to revise up their forecast for growth…

Gartner Says Supply Chain Leaders Must Create Ecosystems to Strengthen Their Networks

Tuesday, October 6, 2020 · SCMR Staff Gartner analysts presented the findings today during the Gartner Supply Chain Symposium, EMEA, taking place virtually through Thursday.

End-to-End Cyber Risk Management and Investment: Part Four

Monday, October 5, 2020 · Dan Pellathy & Mike Burnette The massive rise in remote work due to COVID-19 has prompted nearly 70 percent of enterprises to anticipate larger investments in cyber security. Unfortunately, our research suggests that despite these investments, without a strategy for end-to-end supply chain cyber security…

Most U.S. Supply Chain Managers Using AI systems During Pandemic Disappointed

Monday, October 5, 2020 · Patrick Burnson Secondmind released new research today indicating that 86% of U.S. supply chain decision-makers surveyed have been left frustrated by AI-powered systems and tools during the COVID-19 crisis.

NRF Chief Economist Says Holiday Sales Will Hinge on “Wildcard Puzzle Pieces”

Thursday, October 1, 2020 · Patrick Burnson Consumer spending has recovered from the coronavirus pandemic more quickly than expected, but forecasting 2020 holiday sales is like assembling a jigsaw puzzle without all the pieces, National Retail Federation Chief Economist Jack Kleinhenz said today.

Book from MIT’s Sheffi Helps Companies Navigate the Pandemic Today and Tomorrow

Thursday, October 1, 2020 · Patrick Burnson In his new book The New (Ab)Normal: Reshaping Business and Supply Chain Strategy Beyond Covid-19, published today, MIT Professor Yossi Sheffi explains how companies grappled with the chaos of the Covid-19 pandemic and how they can survive and thrive as the crisis subsides.…

Leveraging Supply Chain Tools to Develop a Cyber Risk Culture and Strategy: Part III

Wednesday, September 30, 2020 · Dan Pellathy & Mike Burnette The supply chain cyber risk environment is extraordinarily dynamic, and benchmark companies are always on the lookout for new ways to protect their supply chains.

New Oracle Cloud SCM Capabilities Introduced to Address Current Challenges

Tuesday, September 29, 2020 · Patrick Burnson Oracle today announced the latest updates to Oracle Fusion Cloud Supply Chain & Manufacturing (Oracle Cloud SCM).

FTZ Update: Cross-border Trade May Be New Sweet Spot for Supply Chain Managers

Monday, September 28, 2020 · Patrick Burnson While confronting the challenges posed by the current global pandemic, logistics managers continue to work on expediting everything from the smallest parts to finished products in order to meet market demand. Meanwhile, some supply chains need to be slowed in response to the…

Americans Say They Prefer Products Made In USA and Will Pay More For Them

Monday, September 28, 2020 · Rosemary Coates The Reshoring Institute recently surveyed nearly 500 Americans across the country and asked if they prefer to buy products that are labeled “Made in USA.” Would they be willing to pay more for these items? Nearly 70% of the respondents said they prefer American-made…

North American Supply Chains Tied Up by Labor Disruptions in Canada

Thursday, September 24, 2020 · Patrick Burnson Following a strike by dockworkers that lasted for one month and paralyzed operations at the Port of Montreal in August and September of this year, Resilience360 research indicates that major ports both on the west and east coast of Canada continue to experience disruption…

Managing Cyber Risks In Global Supply Chains: Part II

Tuesday, September 22, 2020 · Dan Pellathy & Mike Burnette Cyber risk refers to activity occurring in a cyberspace environment with potential for loss or damage to information, technology, and/or operations. It’s important to note that every cyberspace environment incorporates both the technology and the people using it.

Humanitarian Supply Chain: Fighting the Good Fight for West Coast Farm Workers

Monday, September 21, 2020 · Patrick Burnson Port of Los Angeles recently teamed with Logistics Victory Los Angeles and CMA CGM Group to donate 75,000 respiratory facemasks to the United Farm Workers of America.

JLL Closes Gaps in Global Pandemic Retail Distribution Needs

Monday, September 21, 2020 · SCMR Staff Zoba, and JLL’s retail and industrial experts, learned from the front-lines helping retailers of all sizes and sectors, pivot their business models and ratify their supply chains to handle new volume and last mile distribution demands over the past six months;

Managing Cyber Risks In Global Supply Chains: The Four Fundamentals

Friday, September 18, 2020 · Dan Pellathy & Mike Burnette Over the last 10 years, supply chains have increasingly turned to digitalization, automation, and technological integration in an effort to cut costs while responding to fast-changing customer markets. The competitive necessity of adopting these technologies is undeniable —…