the various factors that expose a global supply chain to risk. also known as the vulnerability of global supply chains to risks. case study's from KFC, YAHOO, APPLE, INTEL, NIKE companies to learn how this affected them.
Are you prepared to manage the current challenges, risks, and complexities related to vendor risk management in the financial industry? In summer 2014, in association with MetricStream, RMA conducted the Third-Party Vendor Risk Management Survey. This presentation brings you the highlights of the survey and some sound advice to manage your third- and fourth-party suppliers.
Concert interrupted - an agenda for the chief supply chain officer to develop...Tristan Wiggill
A presentation by Danie Schoeman Master’s Degree in Manufacturing Engineering, Managing Director, Danie Schoeman and Company, South Africa.
Delivered during the 38th annual SAPICS event for supply chain professionals in Sun City, South Africa.
Getting your beautiful supply chain concert of coordination interrupted is going to happen sometime. Supply chain disruptions are inevitable – from superstorms, human illness epidemics to factory fires, child labour and cyber-attacks. Managing risks that cause unpredictable supply chain disruptions have moved past the purview of operational risk managers to the C-suite and corporate boards, where they are increasingly being held accountable for organizational risk. The goal of this paper is to assist the chief supply chain officer to set an agenda for identifying supply chain vulnerabilities and risks, and how to develop a plan and countermeasures for these.
Top 10 Logistics Risks in the Spirit of David LettermanThomas Tanel
The simple fact is that in today’s longer, more global supply chains, product moves over greater distances and across more multinational borders than in the more localized supply chains of the past. The coordination and execution required for international shipments has always been a challenge. But now we find that market conditions, security considerations, transportation versus inventory costs of ownership, increasing regulatory and political pressures, and even natural events (such as storms and earthquakes) with increasing frequency and havoc are converging in such a way that it makes the task even more daunting.
Proactive discovery and visibility of logistics risks is the key to the prevention and management of supply chain disruptions. And a key ingredient in managing supply chain disruptions is risk identification; so attend this valuable presentation to find out what the Top 10 Logistics Risks are (in the spirit of David Letterman) that you will be facing in the coming years. Donald Rumsfeld, former US Secretary of Defense quipped in 2002, “Reports that say that something hasn’t happened are always interesting to me, because, as we know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns-—-the ones we don’t know we don’t know.”
General Gus Pagonis, in charge of logistics during the First Gulf War in 1991 describes it best in his own words, “Logisticians deal with unknowns. They attempt to eliminate unknowns, one by one, until they are confident that they have done away with the possibility of paralyzing surprises.” Are you equipped to succeed in a supply chain world of increasing difficulty and insecurity and multiple interconnected supply chains? Do you have the correct response to a supply disruption in the supply chain and the attendant Top 10 Logistics Risks?
Why is logistics risk management in the supply chain so important now? You’ve spent years streamlining operations, reengineering processes, integrating with partners, implementing purchasing, contract management and supply chain systems, and moving production to low-cost, offshore locations. You’ve done all of this in order to get a global supply chain that really works. Finally, you can take a deserved rest, right? Unfortunately, the answer is no-—-you must learn to continuously adapt to a volatile, uncertain, complex, and ambiguous logistics environment!
As noted by Charles Darwin, “It is not the strongest of the species that survives, or the most intelligent that survives. It is the one that is the most adaptable to change.”
Risk management is about having a systematic way of dealing with thin
the various factors that expose a global supply chain to risk. also known as the vulnerability of global supply chains to risks. case study's from KFC, YAHOO, APPLE, INTEL, NIKE companies to learn how this affected them.
Are you prepared to manage the current challenges, risks, and complexities related to vendor risk management in the financial industry? In summer 2014, in association with MetricStream, RMA conducted the Third-Party Vendor Risk Management Survey. This presentation brings you the highlights of the survey and some sound advice to manage your third- and fourth-party suppliers.
Concert interrupted - an agenda for the chief supply chain officer to develop...Tristan Wiggill
A presentation by Danie Schoeman Master’s Degree in Manufacturing Engineering, Managing Director, Danie Schoeman and Company, South Africa.
Delivered during the 38th annual SAPICS event for supply chain professionals in Sun City, South Africa.
Getting your beautiful supply chain concert of coordination interrupted is going to happen sometime. Supply chain disruptions are inevitable – from superstorms, human illness epidemics to factory fires, child labour and cyber-attacks. Managing risks that cause unpredictable supply chain disruptions have moved past the purview of operational risk managers to the C-suite and corporate boards, where they are increasingly being held accountable for organizational risk. The goal of this paper is to assist the chief supply chain officer to set an agenda for identifying supply chain vulnerabilities and risks, and how to develop a plan and countermeasures for these.
Top 10 Logistics Risks in the Spirit of David LettermanThomas Tanel
The simple fact is that in today’s longer, more global supply chains, product moves over greater distances and across more multinational borders than in the more localized supply chains of the past. The coordination and execution required for international shipments has always been a challenge. But now we find that market conditions, security considerations, transportation versus inventory costs of ownership, increasing regulatory and political pressures, and even natural events (such as storms and earthquakes) with increasing frequency and havoc are converging in such a way that it makes the task even more daunting.
Proactive discovery and visibility of logistics risks is the key to the prevention and management of supply chain disruptions. And a key ingredient in managing supply chain disruptions is risk identification; so attend this valuable presentation to find out what the Top 10 Logistics Risks are (in the spirit of David Letterman) that you will be facing in the coming years. Donald Rumsfeld, former US Secretary of Defense quipped in 2002, “Reports that say that something hasn’t happened are always interesting to me, because, as we know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns-—-the ones we don’t know we don’t know.”
General Gus Pagonis, in charge of logistics during the First Gulf War in 1991 describes it best in his own words, “Logisticians deal with unknowns. They attempt to eliminate unknowns, one by one, until they are confident that they have done away with the possibility of paralyzing surprises.” Are you equipped to succeed in a supply chain world of increasing difficulty and insecurity and multiple interconnected supply chains? Do you have the correct response to a supply disruption in the supply chain and the attendant Top 10 Logistics Risks?
Why is logistics risk management in the supply chain so important now? You’ve spent years streamlining operations, reengineering processes, integrating with partners, implementing purchasing, contract management and supply chain systems, and moving production to low-cost, offshore locations. You’ve done all of this in order to get a global supply chain that really works. Finally, you can take a deserved rest, right? Unfortunately, the answer is no-—-you must learn to continuously adapt to a volatile, uncertain, complex, and ambiguous logistics environment!
As noted by Charles Darwin, “It is not the strongest of the species that survives, or the most intelligent that survives. It is the one that is the most adaptable to change.”
Risk management is about having a systematic way of dealing with thin
Preventing and Managing Supply Chain DisruptionsThomas Tanel
Supply chains worldwide have been battling various risks and challenges for some time. Each challenge not only threatens to disrupt operations, but also may have a negative financial impact on business performance and prevent an organization from meeting the demands from stakeholders, customers, shareholders, and regulators.
Supply Chain Council members have reported that less than half of enterprises have established metrics and procedures for assessing and managing supply risks and organizations lack sufficient market intelligence, process, and information systems to effectively predict and mitigate supply chain risks. Does this sound like your organization?
f so, supply chain disruptions can be extremely costly. A disruption in your supply chain can cost millions of dollars in lost time, energy and resources. Their effects are both direct (e.g. halting production altogether) and indirect (e.g. on stock values). Taking steps to help reduce supply chain disruption is the only way to avoid these costs.
Proactive discovery and visibility of risks is the key to the prevention and management of supply chain disruptions.
Supply chain risk management (SCRM) is "the implementation of strategies to manage both everyday and exceptional risks along the supply chain based on continuous risk assessment with the objective of reducing vulnerability and ensuring continuity".
SCRM attempts to reduce supply chain vulnerability via a coordinated holistic approach, involving all supply chain stakeholders, which identifies and analyses the risk of failure points within the supply chain. Mitigation plans to manage these risks can involve logistics, finance and risk management disciplines; the ultimate goal being to ensure supply chain continuity in the event of a scenario which otherwise have interrupted normal business and thereby profitability.
What Every Procurement Professional Should Know About Supplier Risk Managemen...IBM Watson Commerce
See this on-demand webinar on Supplier Risk, "What Every Procurement Professional Should Know About Supplier Risk Management: The IBM Story."
You will learn:
-Precise framework around supplier risk management and why and where it’s needed
-How IBM manages supplier qualifications, compliance, financial continuity and supplier code of conduct
-Common mistakes made and solutions to supplier risk management
View here: http://procureconwest.wbresearch.com/the-ibm-story-mloc-h-iframe
'Achieving Supply Chain Excellence in the Fast Moving Consumer Goods Industry'
By Thomas Müller-Kirschbaum
LogiChem 2011 will be the event's tenth anniversary and an opportunity for the most senior chemical supply chain & global logistics directors from the European chemicals community to come together once again share experiences, make new contacts and benchmark the latest chemical supply chain initiatives.
Not only will LogiChem 2011 be a chance for the chemical industry to reminisce about the last ten years but an opportunity to shape the next decade. To celebrate a decade of LogiChem, there will be an exciting three day programme filled with networking opportunities in our new location, Antwerp.
Looking at the Third Party Risk Assessment Lifecycle and where opportunities lay for improved efficiencies and scalability from the adoption of Managed Service offerings. What benefits can a Managed Service offering deliver to your Third Party risk Management program and process execution? Presented by Sean O'Brien, Director, DVV Solutions.
Presentation from the 2nd Annual Meeting for the Contractors Self-Insurance Trust Fund, providing workers' compensation insurance to New York State Contractors.
Third-Party Risk Management: Implementing a StrategyNICSA
Two Part Series: Part I of II
Third-Party Risk Management: Implementing a Strategy
Sleep Better at Night: Learn techniques to manage risks associated with third-party relationships.
Tsunamis, terrorist attacks, hurricanes, and volcanic eruptions have impacted the global economy in the last 10 years. The effects of a “discontinuity event” such as a natural disaster, geopolitical shifts, economic uncertainty and demand/supply volatility to your business can be significant, impacting suppliers, vendors and customers. In our new report, Supply Chain Risk Management, we address the need for companies to proactively prepare for the worst to protect their business operations and weather the storm of unforeseen events.
This white paper discuss on building a supply chain beyond risks factors surrounding organization operations. Companies today work on several supply chain strategies to improve their supply chain.
Risk factors in as-is process and how to eliminate those risks.
Preventing and Managing Supply Chain DisruptionsThomas Tanel
Supply chains worldwide have been battling various risks and challenges for some time. Each challenge not only threatens to disrupt operations, but also may have a negative financial impact on business performance and prevent an organization from meeting the demands from stakeholders, customers, shareholders, and regulators.
Supply Chain Council members have reported that less than half of enterprises have established metrics and procedures for assessing and managing supply risks and organizations lack sufficient market intelligence, process, and information systems to effectively predict and mitigate supply chain risks. Does this sound like your organization?
f so, supply chain disruptions can be extremely costly. A disruption in your supply chain can cost millions of dollars in lost time, energy and resources. Their effects are both direct (e.g. halting production altogether) and indirect (e.g. on stock values). Taking steps to help reduce supply chain disruption is the only way to avoid these costs.
Proactive discovery and visibility of risks is the key to the prevention and management of supply chain disruptions.
Supply chain risk management (SCRM) is "the implementation of strategies to manage both everyday and exceptional risks along the supply chain based on continuous risk assessment with the objective of reducing vulnerability and ensuring continuity".
SCRM attempts to reduce supply chain vulnerability via a coordinated holistic approach, involving all supply chain stakeholders, which identifies and analyses the risk of failure points within the supply chain. Mitigation plans to manage these risks can involve logistics, finance and risk management disciplines; the ultimate goal being to ensure supply chain continuity in the event of a scenario which otherwise have interrupted normal business and thereby profitability.
What Every Procurement Professional Should Know About Supplier Risk Managemen...IBM Watson Commerce
See this on-demand webinar on Supplier Risk, "What Every Procurement Professional Should Know About Supplier Risk Management: The IBM Story."
You will learn:
-Precise framework around supplier risk management and why and where it’s needed
-How IBM manages supplier qualifications, compliance, financial continuity and supplier code of conduct
-Common mistakes made and solutions to supplier risk management
View here: http://procureconwest.wbresearch.com/the-ibm-story-mloc-h-iframe
'Achieving Supply Chain Excellence in the Fast Moving Consumer Goods Industry'
By Thomas Müller-Kirschbaum
LogiChem 2011 will be the event's tenth anniversary and an opportunity for the most senior chemical supply chain & global logistics directors from the European chemicals community to come together once again share experiences, make new contacts and benchmark the latest chemical supply chain initiatives.
Not only will LogiChem 2011 be a chance for the chemical industry to reminisce about the last ten years but an opportunity to shape the next decade. To celebrate a decade of LogiChem, there will be an exciting three day programme filled with networking opportunities in our new location, Antwerp.
Looking at the Third Party Risk Assessment Lifecycle and where opportunities lay for improved efficiencies and scalability from the adoption of Managed Service offerings. What benefits can a Managed Service offering deliver to your Third Party risk Management program and process execution? Presented by Sean O'Brien, Director, DVV Solutions.
Presentation from the 2nd Annual Meeting for the Contractors Self-Insurance Trust Fund, providing workers' compensation insurance to New York State Contractors.
Third-Party Risk Management: Implementing a StrategyNICSA
Two Part Series: Part I of II
Third-Party Risk Management: Implementing a Strategy
Sleep Better at Night: Learn techniques to manage risks associated with third-party relationships.
Tsunamis, terrorist attacks, hurricanes, and volcanic eruptions have impacted the global economy in the last 10 years. The effects of a “discontinuity event” such as a natural disaster, geopolitical shifts, economic uncertainty and demand/supply volatility to your business can be significant, impacting suppliers, vendors and customers. In our new report, Supply Chain Risk Management, we address the need for companies to proactively prepare for the worst to protect their business operations and weather the storm of unforeseen events.
This white paper discuss on building a supply chain beyond risks factors surrounding organization operations. Companies today work on several supply chain strategies to improve their supply chain.
Risk factors in as-is process and how to eliminate those risks.
La gestión de la cadena de suministro en un entorno económico cambianteFundación Ramón Areces
"Ciclo: Gestionar la crisis: estrategias empresariales para enfrentarse a la crisis económica", en colaboración con IE Business School
Vinod Singhal
Georgia Institute of Technology. Atlanta. EE.UU.
Madrid, 26 de mayo de 2010
The primary responsibility of the post-close supply chain transition team is to achieve and maintain uninterrupted upstream supply and an excellent downstream customer experience while delivering the projected savings from the combined company. This presentation provides guidance on ways to identify, assess and avoid or minimize opportunities for supply chain disruption immediately after closing, as well as best practices for successful supply chain consolidation and integration.
Larry Savage Jr Alabama Talks About Factors Affecting Supply Chain.pptxLarry Savage Jr
Any supply chain should ideally have a balance. A company must balance cost, inventory, and customer service in order for a supply chain to function well. However, even if a supply chain plays a significant role in our company's success, it's still important to focus on the elements that have the ability to influence your business's outcomes in unexpected ways. Here, Larry Savage Jr talks about elements that have an impact on supply chain management:
Effective Solutions for Your Supply Chain RisksHalo BI
Have you considered the supply chain risks associated with your business? Here we’ll identify the most common risks, the departments they affect, and their potential financial impact on your company. We’ll also address some solutions for preparation, prediction, and management that can have a huge impact on your business.
Your supply chain shapes investment plans, production processes, manufacturing decisions, and more for the entire company. Using top-tier management tools ensures accuracy and provides you with a comprehensive view of your supply chain risks. Learn more about real supply chain impacts and innovative risk solutions below. http://halobi.com/2015/08/effective-solutions-for-your-supply-chain-risks
Blockchain is constantly revolutionizing various industries, and supply chain is one of the major ones. Many companies are already using blockchain in supply chain to reap the benefits of blockchain technology. But why is it necessary to use blockchain for supply chain management?
At the moment, the supply chain industries deal with a lot of issues. Among them, rapid changes in the market, issues with compliance and quality, lack of transparency, increasing corruption, high costs, etc., are prominent problems. This is where blockchain steps in.
Using blockchain in supply chain management comes with its fair share of benefits - peer-to-peer transaction settlement, audit transparency, tracking products, and consumer feedbacks, accurate costing info, better shipping data, etc. In fact, there are already many blockchain supply chain projects live at the moment working perfectly.
We at 101 Blockchains are driven to help you educate on blockchain technology with high-quality courses and certifications. Therefore, we offer specific courses geared to supply chain management as well. At present, we have two prominent courses that can help you understand the concepts better - Enterprise Blockchains and Supply Chain Management Course and Enterprise Blockchains and Trade Finance Course.
Learn more about these courses from here ->
https://academy.101blockchains.com/courses/blockchain-and-scm
https://academy.101blockchains.com/courses/enterprise-blockchains-and-trade-finance
Other than these, we have certification courses to help you become a skilled professional in no time. Learn more about these courses from here ->
Certified Enterprise Blockchain Professional (CEBP) course https://academy.101blockchains.com/courses/blockchain-expert-certification
Certified Enterprise Blockchain Architect (CEBA) course
https://academy.101blockchains.com/courses/certified-enterprise-blockchain-architect
Certified Blockchain Security Architect (CBSE) course
https://academy.101blockchains.com/courses/certified-blockchain-security-expert
2015 MHI Annual Industry Report – Supply chain innovation – Making the imposs...Leon Eymael
This year’s annual MHI Industry Report, developed in collaboration with Deloitte, delves more deeply into supply chain challenges with a specific lens on how technology innovation can help illuminate the path to the supply chain of the future.
Key Concerns in the Pharmaceutical and Healthcare Supply Chain - D.Quinn Apri...Dan Quinn
This is the output of a recent Achilles sponsored round-table on Supply Chain Risk Management at the ProcureCon Health 2013 event in Zurich - hope you find it interesting. Regards, Dan.
LF Energy Webinar: Electrical Grid Modelling and Simulation Through PowSyBl -...DanBrown980551
Do you want to learn how to model and simulate an electrical network from scratch in under an hour?
Then welcome to this PowSyBl workshop, hosted by Rte, the French Transmission System Operator (TSO)!
During the webinar, you will discover the PowSyBl ecosystem as well as handle and study an electrical network through an interactive Python notebook.
PowSyBl is an open source project hosted by LF Energy, which offers a comprehensive set of features for electrical grid modelling and simulation. Among other advanced features, PowSyBl provides:
- A fully editable and extendable library for grid component modelling;
- Visualization tools to display your network;
- Grid simulation tools, such as power flows, security analyses (with or without remedial actions) and sensitivity analyses;
The framework is mostly written in Java, with a Python binding so that Python developers can access PowSyBl functionalities as well.
What you will learn during the webinar:
- For beginners: discover PowSyBl's functionalities through a quick general presentation and the notebook, without needing any expert coding skills;
- For advanced developers: master the skills to efficiently apply PowSyBl functionalities to your real-world scenarios.
Accelerate your Kubernetes clusters with Varnish CachingThijs Feryn
A presentation about the usage and availability of Varnish on Kubernetes. This talk explores the capabilities of Varnish caching and shows how to use the Varnish Helm chart to deploy it to Kubernetes.
This presentation was delivered at K8SUG Singapore. See https://feryn.eu/presentations/accelerate-your-kubernetes-clusters-with-varnish-caching-k8sug-singapore-28-2024 for more details.
Search and Society: Reimagining Information Access for Radical FuturesBhaskar Mitra
The field of Information retrieval (IR) is currently undergoing a transformative shift, at least partly due to the emerging applications of generative AI to information access. In this talk, we will deliberate on the sociotechnical implications of generative AI for information access. We will argue that there is both a critical necessity and an exciting opportunity for the IR community to re-center our research agendas on societal needs while dismantling the artificial separation between the work on fairness, accountability, transparency, and ethics in IR and the rest of IR research. Instead of adopting a reactionary strategy of trying to mitigate potential social harms from emerging technologies, the community should aim to proactively set the research agenda for the kinds of systems we should build inspired by diverse explicitly stated sociotechnical imaginaries. The sociotechnical imaginaries that underpin the design and development of information access technologies needs to be explicitly articulated, and we need to develop theories of change in context of these diverse perspectives. Our guiding future imaginaries must be informed by other academic fields, such as democratic theory and critical theory, and should be co-developed with social science scholars, legal scholars, civil rights and social justice activists, and artists, among others.
Transcript: Selling digital books in 2024: Insights from industry leaders - T...BookNet Canada
The publishing industry has been selling digital audiobooks and ebooks for over a decade and has found its groove. What’s changed? What has stayed the same? Where do we go from here? Join a group of leading sales peers from across the industry for a conversation about the lessons learned since the popularization of digital books, best practices, digital book supply chain management, and more.
Link to video recording: https://bnctechforum.ca/sessions/selling-digital-books-in-2024-insights-from-industry-leaders/
Presented by BookNet Canada on May 28, 2024, with support from the Department of Canadian Heritage.
UiPath Test Automation using UiPath Test Suite series, part 3DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 3. In this session, we will cover desktop automation along with UI automation.
Topics covered:
UI automation Introduction,
UI automation Sample
Desktop automation flow
Pradeep Chinnala, Senior Consultant Automation Developer @WonderBotz and UiPath MVP
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...Ramesh Iyer
In today's fast-changing business world, Companies that adapt and embrace new ideas often need help to keep up with the competition. However, fostering a culture of innovation takes much work. It takes vision, leadership and willingness to take risks in the right proportion. Sachin Dev Duggal, co-founder of Builder.ai, has perfected the art of this balance, creating a company culture where creativity and growth are nurtured at each stage.
Kubernetes & AI - Beauty and the Beast !?! @KCD Istanbul 2024Tobias Schneck
As AI technology is pushing into IT I was wondering myself, as an “infrastructure container kubernetes guy”, how get this fancy AI technology get managed from an infrastructure operational view? Is it possible to apply our lovely cloud native principals as well? What benefit’s both technologies could bring to each other?
Let me take this questions and provide you a short journey through existing deployment models and use cases for AI software. On practical examples, we discuss what cloud/on-premise strategy we may need for applying it to our own infrastructure to get it to work from an enterprise perspective. I want to give an overview about infrastructure requirements and technologies, what could be beneficial or limiting your AI use cases in an enterprise environment. An interactive Demo will give you some insides, what approaches I got already working for real.
The Art of the Pitch: WordPress Relationships and SalesLaura Byrne
Clients don’t know what they don’t know. What web solutions are right for them? How does WordPress come into the picture? How do you make sure you understand scope and timeline? What do you do if sometime changes?
All these questions and more will be explored as we talk about matching clients’ needs with what your agency offers without pulling teeth or pulling your hair out. Practical tips, and strategies for successful relationship building that leads to closing the deal.
PHP Frameworks: I want to break free (IPC Berlin 2024)Ralf Eggert
In this presentation, we examine the challenges and limitations of relying too heavily on PHP frameworks in web development. We discuss the history of PHP and its frameworks to understand how this dependence has evolved. The focus will be on providing concrete tips and strategies to reduce reliance on these frameworks, based on real-world examples and practical considerations. The goal is to equip developers with the skills and knowledge to create more flexible and future-proof web applications. We'll explore the importance of maintaining autonomy in a rapidly changing tech landscape and how to make informed decisions in PHP development.
This talk is aimed at encouraging a more independent approach to using PHP frameworks, moving towards a more flexible and future-proof approach to PHP development.
2. Creating a Secure Supply Chain
2
Background
For many manufacturers and distributors, the supply chain is the cornerstone to
their business operations. It serves as the main conduit for sourcing goods and
materials as well as the primary channel for moving product out to customers.
So it’s fully comprehensible that operating a secure supply chain is of the
highest priority. Breaches in the system can cripple operations and disruption
of supply chain processes would most assuredly, have a significant impact
on a company’s performance. Breakdowns within the network can affect
an organization’s ability to run a lean operation and control costs, adhere to
delivery schedules and expeditiously fulfill customer orders, safely ship product
and protect intellectual property, maintain brand integrity, and run a socially
responsible supply chain. Those failing to employ protective measures place
their organization at great risk.
In a recent study conducted by Peerless Research Group on behalf of
Logistics Management and Supply Chain Management Review for BSI’s
Supply Chain Solutions Group, supply chain and logistics managers are
in agreement that global supply chains are becoming progressively complex
causing more potential points for disruption along the supply network.
Awareness of risk and threats, and solutions to help identify and prevent supply
chain interruptions are essential for successful supply chain management.
To better understand the potential risks and exposures, as well as strategies
being undertaken to address these hazards, it’s important to first profile
survey respondents. The organizations studied represent a wide cross-
section of manufacturing industries (66%), wholesale and retail trade (14%)
as well as other businesses such as 3PLs, transportation services, etc.
(20%). Businesses of varying sizes are also well represented: 40% work at
small companies (under $100M in annual revenues), 33% are with mid-size
firms ($100M - $999.9M), and 27% are at large enterprises ($1B or more).
Organizations work with, on average, 300 suppliers globally (median: 25) who
operate predominantly in Eastern Asia (75%), Canada (61%), Mexico (51%),
Western Europe (48%), and South East Asia (45%). Roughly one in six (17%)
are government sub-contractors.
“We can’t claim revenue
without the effective
delivery of goods.”
—Distribution Manager
Medical Devices
Annual revs:
$1B - $2.49B
3. Creating a Secure Supply Chain
3
Challenges in Running an Efficient Supply Chain
This study supports prior research findings in that the challenges companies
now face are universal. Reinforcing customer service and partner relationships,
improving order fulfillment efficiencies, developing and expanding the current
product line and service offerings, and further developing risk management
programs are all pressures with which organizations are now addressing.
And, specific to supply chain networks, managers are concentrating on gaining
greater control over operating costs and cutting expenses, improving overall
supply chain efficiencies, and attaining greater continuity over supply chain
functions. Enabling greater visibility into their supply chain and improving risk
management procedures also rate as critical initiatives.
Today’s Business Challenges
59%
54%
50%
50%
43%
42%
41%
22%
Improving fulfillment efficiencies and performance
Improving customer service
Improving our ability to predict, assess and manage risks
Growing service /product offerings
Improving partner collaboration
Establishing new global partnerships
Workforce management (aging, turnover, reduction, specialization requirements, etc.)
Generating revenue currently constrained by trade compliance issues
Supply Chain Initiatives
72%
65%
57%
44%
36%
36%
34%
34%
33%
30%
27%
27%
26%
25%
25%
Reducing supply chain costs
Controlling operating costs
Improving logistics and related business process efficiencies
Advancing supply chain reliability
Risk management/Assessing and quantifying risk
Gaining/Enabling real-time visibility into our supply chain
Automating processes that are now manual
Establishing KPIs/Performance metrics
Improving transit times
Being compliant with government standards and regulations (e.g., C-TPAT)
Dealing with customs and clearance issues
Supply chain security
Achieving greater accuracy of and proper documentation
Being green/environmentally responsible
Improving asset utilization and tracking
4. Creating a Secure Supply Chain
4
So while many are focusing their attention on improving supply chain process
management to accomplish critical business goals, organizations (79%) are
either now using or planning to use solutions that would enable suppliers,
as well as customers, greater visibility into their supply chain for tasks such
as checking order or shipment status, document processing, inventory
management, etc.
Operating a Secure Supply Chain
As we previously learned, many of these managers believe supply chain
security is, or at least should be, a high priority initiative within their organization.
Roughly three out of four (73%), in fact, contend it’s a critical component to their
company’s success.
Adoption of Supply Chain Visibility Solutions
Now using 37%
Now evaluating 18%
Will consider within next 2 years 24%
Not considering/using at this time 21%
Importance of Supply Chain Security to their Company’s Business
Extremely important 32%
Very important 41%
Somewhat important 22%
Not very/Not at all important 5%
5. Creating a Secure Supply Chain
5
Many operations have followed through in immobilizing potential threats. In large
part, the majority (79%) are well-protected against events against threats and
gaps within their supply chain system.
However, managers remain highly cautious of any threats to their supply chain
and continue to be vigilant. As businesses enter new regions and supplier bases
expand, having confidence across supply chain processes is paramount in
managing overseas delivery strategies. Dealing with issues such as an unstable
global economy, increased foreign competition, unpredictable demand for
product, and poor planning during manufacturing and production cycles are
areas of high vulnerability. Any anxiety among supply chain managers is largely
attributed to pronounced uncertainties surrounding these issues.
Rating their Own Supply Chain’s Security
Excellent 7%
Very good 32%
Good 40%
Fair 18%
Poor 3%
“We use multiple vendors
and on-shore warehousing
of product to hedge against
shipping delays, commodity
price increases and natural
disasters.”
—Vice President
Textiles
$100M
6. Creating a Secure Supply Chain
6
So even though most believe their supply chain is well guarded, one in three
reports that their supply chain experienced a breach resulting in severe
consequences. Infringements have led to in added expenses, additional labor
and resource allocation, and delayed time-to-market as well as product delivery
which all lead to lost business opportunities.
Supply Chain Concerns and Risks
15%32%53%
Economy/Global financial market
volatility impacting supply chain
14%34%52%Competitive forces
14%34%52%Demand volatility
22%29%49%
Project failure due to production
and manufacturing at supplier
21%44%35%Natural causes disrupting supply chain operations
41%24%35%
Counterfeit goods/Unauthorized products/
Intellectual property theft
32%34%34%Legal liabilities of failure to secure supply chain
36%30%34%In-house production or operations
28%41%31%Supplier financial failure
37%33%30%Data breaches at supplier or at own organization
38%35%27%Outsourcing of production or operations
38%36%26%Ineffective screening of cargo content shipments
47%28%25%Improper use of tamper-proof seals
50%26%24%Terrorism targeting supply chain
Highly concerned Somewhat concerned Not concerned
“Our business partners
depend on product
arriving on time and in
good condition to support
manufacturing and sales.
With data and physical
security risks continually
rising, security of assets
is becoming a prime
consideration in supply
chain network design.”
—Operations Manager
Chemicals
$100M
Implications Due to Supply Chain Breaches
80%
70%
55%
43%
38%
38%
16%
Additional costs accrued
Time to market/Product launch delayed
Product quality jeopardized
Business lost
Damage to brand reputation
Fines and legal liabilities incurred
Additional resources (labor, hours,
money, etc.) allocated
7. Creating a Secure Supply Chain
7
Risk Management
When questioned about their supply chain on disaster recovery capabilities,
managers are fairly evenly split on its efficiency rating.
Rating Supply Chain Capabilities on Business Management and Continuity Planning
Excellent
5%
Very good
25%
Good
41%
Fair
25%
Poor
4%
“We follow our business
continuity plan to identify,
evaluate and mitigate risks
in our operations.”
—Supply Chain Manager
Computers Electronics
$2.5B+
8. Creating a Secure Supply Chain
8
Most risks and threats that businesses are able to identify pertain to fears
caused by suppliers, breakdowns sparked internally within logistics operations,
or are a result of production or operations failures. Financial and legal
exposures, uneven market demand for product, mounting competition and
natural disaster are all also checked.
As noted, risks linked to suppliers are a top concern among supply chain managers.
Therefore, it follows that obtaining intelligence to assist in assessing potential supplier-
related pitfalls is a priority. Resources to better protect intellectual property, data to
maintain a business continuity foundation, and updates on government programs and
policies are additional needs to help management stay current.
Risks Quantified
55%
53%
50%
47%
46%
45%
41%
40%
39%
38%
29%
29%
28%
28%
26%
24%
19%
Supplier risks
Logistics risks
In-house production or operations disruptions
Credit risk
Legal liabilities
Demand volatility
Supply chain disruption due to natural causes
Outsourcing risks
Project failure/ production and manufacturing
Competitive risks
Data breaches
Economy/Global financial market volatility
Screening cargo content shipments
Unauthorized products / intellectual property theft
Improper use of tamper-proof seals
Counterfeit goods
Terrorism
Topics for Which More Information is Needed
68%Supplier risk assessment
56%
Brand protection including counterfeiting,
intellectual property rights and un-manifested cargo
54%Business continuity (including natural
disasters, labor strikes/Port outages
49%Government compliance including C-TPAT, AEO, PIP
46%Financial risks including cargo thefts, counterfeits,
insurance increases as well as transport security costs
37%Political instability
27%Social responsibilities
15%Child labor
9. Creating a Secure Supply Chain
9
Security Measures
Yet, as important as it is for these organizations to maintain a high level of
security for their supply chain and be able to identify and mitigate exposure to
threats, more than one in three are without a plan and are at risk.
For those taking action to increase supply chain security, efforts are ongoing.
Most feel container packaging, storage and shipment consolidation, in
particular, are the areas along the supply chain in which they are most
vulnerable. Businesses are working more closely with partners to define
risk management policies, are establishing security initiatives, and attaining
compliance with global standards.
“The benefits are that in
complying with all of the
supply chain standards,
you have fewer problems
and delays which could
have major consequences
to your business model.”
—Inventory Management
Pharmaceuticals
$100M
“We have a published/
shared SOP with our supply
chain partners which
include service options
should it become necessary
due to breaches, threats or
disasters.
—Logistics, Distribution
Management
Wholesale
$500M - $999.9M
Organizations With a Program
to Minimize Supply Chain Risks
Yes, have a plan 63%
No plan for minimizing
or eliminating risk 37%
Initiatives to Secure Supply Chains
53%
51%
41%
38%
36%
35%
Working with trading partners to set security measures
Risk assessment/Establishing risk management protocols
Establishing security programs and initiatives
Becoming compliant with global customs and clearance standards
Becoming compliant with global transportation standards
Adopting new technology
10. Creating a Secure Supply Chain
10
While some we interviewed were, understandably, unwilling to discuss their
security strategies, those who could oblige said they are employing risk
management protocols, increasing security measures, adopting policies
on a corporate level, working with more suppliers and mixing modes of
transportation, and installing additional on-site security monitoring systems.
Those without a plan in place candidly cite a lack of resources as the main
obstacle for adoption.
“We have a global/regional
security organization
identifying gaps, issues
and potentialities in
order to determine proper
mitigation/elimination
action plans across the
whole product supply
network including working
with external parties
related to it.”
—Purchasing, Sourcing
Management
Retail
$5B+
“Our company has
developed risk
management protocols for
all corporate subsidiaries
involved with import/
export operations. Each
subsidiary is subject to
annual Risk Management
audits to ensure compliance
with corporate.”
—Operations Manager
Agri-chemicals
$100M
11. Creating a Secure Supply Chain
11
Complying with Standards Certifications
Overall, many admit that their efforts to comply with standards to help
supply chain security and risk management policies could be improved.
Extra information resources, greater awareness and exposure to additional
compliance issues and corrective actions, as well as more information on
certification programs are cited as means for upgrading supply chain security.
Most organizations (69%) rely on a set of standards by which they run their
supply chain operations. These protocols are mostly used to assist with
document management (83%), training procedures (66%) and workflow
management applications (44%).
Many further acknowledge they need to learn more about the benefits that
can be garnered from complying with supply chain security standards and
regulations.
“This new century
has provided us with
new challenges and
opportunities. Everyone
involved in the import/
export industry has to
step up their operational
capabilities and adhere to
strict regulatory codes of
conduct. Large and small
countries have enacted
across the board changes
that must be adhered
to. Security remains a
paramount concern as
we provide greater loads
of products and services.
We are responsible to the
countries and world class
that we service. Technology
continues to provide new
avenues in which we
can harness the winds of
change as we elevate our
revenues and our services.”
—Corporate Management
Transportation Services
$1B - $2.49B
Statement: We need to learn More About the Benefits
of Complying with Supply Chain Security
Standards and Regulations
Agree 71%
Neither agree, nor disagree 25%
Disagree 4%
12. Creating a Secure Supply Chain
12
Programs that are the most commonly recognized among those we surveyed
are the Customs Trade Partnership Against Terrorism (C-TPAT) and standards
sets issued by the International Organization for Standardization (ISO). However,
many of these importers/exporters remain unfamiliar with these as well as other
governing bodies.
Familiarity with Trade Agencies and Organizations
19%30%51%
Standards issued by the International Organization
for Standardization (ISO)
27%28%45%Customs Trade Partnership Against Terrorism (C-TPAT)
38%34%28%World Customs Organization (WCO)
45%31%24%The Container Security Initiative (CSI)
53%25%22%EU Authorized Economic Operator (AEO)
47%33%20%Partners in Protection (PIP)
47%33%20%
The International Ship and Port Facility
Security Code (ISPS Code)
Highly familiar Somewhat familiar Not familiar
“Certain standards, like
CTPAT, AEOs are a must.
Otherwise, shipping takes
longer and becomes more
expensive.”
—Corporate Management
Government Contractor
$100M
13. Creating a Secure Supply Chain
13
The standards or certifications with which companies are most widely enrolled
are ISO 9001 and C-TPAT, those standards dealing with business management,
environmental, health and safety, and cargo security. On average, the
companies we studied are compliant with roughly two to three standards or
certifications.
Some respondents, curiously, have yet to certify with any of these programs.
While cost, insufficient resources, or a lack of perceived need are listed as
reasons for non-membership, some admit they just have very little knowledge
about these programs and subsequent benefits.
It is widely thought that the C-TPAT program is highly significant (90%) to supply
chain operations. Certification enables greater security measures, and having an
understanding of program features has facilitated shipping processes, reduced
customs inspections and resolved borders issues.
Affiliation with Trade Agencies and Organizations
60%
40%
28%
16%
13%
13%
11%
11%
40%
Certified with any of these programs
Customs Trade Partnership Against Terrorism (C-TPAT)
Standards issued by the International Organization for Standardization (ISO)
World Customs Organization (WCO)
The Container Security Initiative (CSI)
EU Authorized Economic Operator (AEO)
Partners in Protection (PIP)
The International Ship and Port Facility Security Code (ISPS Code)
None of these
Standards and Certification Compliance
61%
39%
29%
1%
11%
27%
16%
15%
15%
10%
7%
Quality ISO 9001
C-TPAT
Environment ISO 14001
Health Safety OHSAS 18001
Business Continuity ISO 22301
Information Security ISO/IEC 27001
Energy Management ISO 50001
Partners in Protection (PIP)
Authorized Economic Operator (AEO)
Intellectual Property Rights (IPR)
Other
Six out of ten businesses in our survey say they are certified with at least one of
these trade programs; C-TPAT is the most popular.
14. Creating a Secure Supply Chain
14
Interestingly, as vital as C-TPAT is to supply chain organizations, more than four
out of ten are uncertain about the C-TPAT level they have attained. Most have
reached either Tier I (19%) or Tier II (34%) levels. And, one-half are currently
looking to advance their C-TPAT status.
“There is training
throughout the supply
chain. C-TPAT standards are
to be followed and flexible
modes of transportation to
many accounts.”
—Logistics, Distribution
Management
Fabricated Metals
$500M - $999.9M
“We are C-TPAT Tier 3
(highest tier), so we have
devoted a lot of time,
money and resources
towards this program, in
order to be “fast tracked”
in the event of any sort
of port shut down (once
it reopens), and also
because we feel a sense
of responsibility to secure
our supply chain against
terrorism.”
—Supply Chain Management
Rubber Plastics
$250M-$499.9M
C-TPAT Status
Tier 1 18%
Tier 2 34%
Tier 3 6%
Don’t know 42%
15. Creating a Secure Supply Chain
Conclusions
As manufacturers and distributors rely more on their supply chains and as these
networks increase in their complexities, new demands and pressures are forced on
supply chain managers. The stakes are high and security of the supply chain is a
critical factor. Major concerns such as an unstable global economy, aggressive market
competition, demand volatility and production failures can place revenue growth, a
company’s reputation and overall business operations at great risk.
Understanding the nature of potential supply chain breaches and keeping current on
disturbances that can impact supply chain processes can help managers better handle
and mitigate problems related to global supplier concerns, brand protection, financial
risks and causes for disruptions to business activities.
Methodology
This research was conducted by Peerless Research Group on behalf of Logistics
Management and Supply Chain Management Review magazines for BSI’s Supply
Chain Solutions Group. This study was executed in August 2012, and was
administered over the Internet among subscribers to Logistics Management and
Supply Chain Management Review.
Respondents were qualified for being involved in decisions regarding the evaluation and
usage of supply chain management software and solutions for either their company
or for others, and work for an organization involved in exporting or both importing and
exporting goods internationally.
The findings are based on information collected among 226 top logistics and supply
chain managers. Respondents are predominantly executive management (31%),
logistics and operations management (23%), supply chain management (21%).
About BSI Supply Chain Solutions
BSI’s Supply Chain Solutions group is a leading global provider of supply chain risk
and compliance based solutions, supply chain intelligence, assessments, and training
programs geared toward mitigating global supplier and supply chain exposures.
BSI’s Supply Chain security experts work at the forefront partnering with industry
and government on innovative supply chain security solutions and intelligence tools
designed for cargo inspection targeting. Helping companies achieve and maintain
compliance, with a special focus on the C-TPAT 5-step Risk Assessment, is a key focus
of BSI’s Supply Chain Solutions. The combination of our tools and BSI’s field-based,
global network of supply chain security assessment professionals provides our clients
with expert supplier vetting and risk assessment.
For more information:
Call: 1-855-264-4650 or
Visit: www.supplychainsecurity.com