While the COVID-19 pandemic is far from over, enterprises are looking beyond the current crisis with the hope of pandemic-proofing their supply chains and operations to build resiliency. But that view is too limited to build true resiliency. The next global business disruption crisis might be a pandemic, but it might also be something entirely different or so novel it's never been considered. Today's resilient enterprises need to embrace a mindset shift to view risk through a much wider lens.
The world is entering its fourth Industrial Revolution, commonly referred to as Industry 4.0. While Western economies ruled the first three industrial revolutions (steam, electrification, automation), the economies that will dominate a 4.0 World are unknown. The future is up for grabs.
When considering sustainability in the supply chain, the first concepts that typically come to mind are solutions like green warehouse space or fuel-efficient trucks.
Sustainability in the supply chain extends much further than that. In retail, for instance, the clothing and fashion industry have the opportunity to progress through building a more sustainable approach.
The current clothing retail climate is somewhat dominated by fast fashion, a practice of mass-producing clothing items cheaply, so they can be sold in the most cost-effective way possible.
The phrase “last-mile logistics” refers to the process of moving products from the last transit stop to the final destination, which may be anywhere from one to one thousand miles. Last-mile logistics does not involve transporting goods from a single route to a single destination like port-to-port or terminal-to-terminal logistics. Instead, it involves road transportation primarily to complete the final delivery stage. It is also one of the biggest logistics challenges that businesses face.
The coronavirus pandemic and the “social distancing” actions taken to control it have resulted in the cancellation of hundreds of trade shows and business-related conferences. One of the COVID-19 casualties was the MarTech West conference that was scheduled for April 15-17 in San Jose, California.
The coronavirus outbreak is having a profound impact on every business’ supply chain. The U.S. manufacturing PMI indicated the worst contraction in production, new orders, and employment since the 2008 recession. Nearly 75% of companies report supply chain disruptions in March, a number most expect to rise further.
How do you think the pandemic has and will change business in America for employees going forward, especially within the workplace?
Strategic planning is something that many of us will talk a lot about this year. As the business landscape continues to evolve, today’s forward-thinking brands are already looking to reinvent their strategies.
Environmental and social governance (ESG) and sustainability have quickly transitioned from “nice-to-haves” to essential components of creating long-term, measurable business value.
There’s something that has been revolutionizing our world without us even noticing it. A technological device that promises to create a new way to encrypt information and process data. This technology is called quantum computing. This isn’t something easy to understand at first, but once we know the science behind it, we’ll be able to see the benefits this could bring to our society.
While the rapid shift to a remote workforce model in the wake of the COVID-19 pandemic has driven many changes for businesses around the world, a few constants have grown in importance. To maintain operations as seamlessly as possible, organizations must secure their payment systems, technology access, and sensitive customer data no matter where it resides, and that is particularly true when it is being accessed or processed by employees from their homes.
Managing cash flow is at the top of people’s minds right now, and yes, there is an opportunity to lower your insurance expenses immediately. Here are three things you can do right now to make sure you don’t spend a penny more than you need to on insurance. Contact your insurance provider today, and ask them to do these things:
1. Switch to a “Pay-as-you-go” Billing Method
In my opinion, pay-as-you-go, or PayGo, is the best billing method for small business workers’ compensation policies and there are many benefits of switching to PayGo.
The business case is signed off and the technical back-end work is complete. Now all that’s left is to implement your shiny new procurement system.
How hard could it be? Quite hard, actually. In fact, if the take-up of your new system doesn’t go well, the whole project could fail.
But don’t worry. That won’t happen to you with these top tips to guide you through the change management process.
The primary goal of a procurement function to achieve savings carries greater significance in a recession when obtaining the lowest cost possible needs to be balanced with not compromising the quality of products and services delivered by suppliers. A secondary goal could be supporting major technology transformation projects. These goals are made more difficult when economic disaster strikes.
If you’re looking for a job in supply chain, you might be seeking advice on having a good job search strategy. Look no further than this article, which outlines the top seven tips to help you with your supply chain job search strategy.