The days of preparing for new trade policies are over. For decades, companies were given advance notice of coming tariff announcements, with time to adapt to the upcoming changes. But that has changed in today’s “tweet today, implement tomorrow” pace of business. That speed and volatility has opened the door for a new style of global trade management to emerge. A recent Aberdeen Group survey of 126 companies identified the organizations that excel at global trade management and the key factors that drive their success.
Posts by Sarah Harkins
When your supply chain isn’t functioning, the signs are clear: missed opportunities, customer complaints, unexplained errors and overstretched planners. Diagnosis is easy, but change is hard.
We’ve all heard stories about the company that spent thousands of dollars and years of work on transformation only to make negligible gains. These stories have created fear and persuaded many companies to stick with outdated solutions long after they’ve outlived their utility. It’s time for companies to readjust their beliefs and revive transformation’s good name.
In spring, the flowers bloom. In fall, the leaves change. Some transformations follow a convention, but in supply chain that’s rarely the case. How do you know when it’s time for a shift? This was the question Kinaxis CEO John Sicard posed to three panelists at a Gartner conference earlier this year.
Leaders from Bose, Boston Scientific and ON Semiconductor shared key lessons from their supply chain transformations, including what led them to consider change. Check out the video and read their comments below. If these stories sound familiar, it might be time for your supply chain to change too…
Move over, Millennials. Generation Z is entering the workforce this year.
The first members of the cohort, born between 1997 and 2012, are ready to be wooed by recruiters, but they aren’t impressed by the free food, ping pong tables and start-up style workspaces that once wowed Millennials.
Instead, they want something simpler: state-of-the-art workplace technology. Nowhere is this more important than in the supply chain.
In 2018, Lippert Components had acquired multiple businesses, and it was projected to continue growing in 2019. It was a stellar year for the company, but this growth also brought challenges. Lippert Components had to integrate its new acquisitions into its existing reporting practices.
At the same time, its global supply chain was facing new tariffs. Luckily, Lippert Components’ supply chain planners turned the company’s risks into opportunities…
Imagine that three natural disasters hit your global supply chain within three years. For Keysight Technologies, this isn’t a hypothetical scenario. Between 2015 and 2016, earthquakes in Japan and explosions at a container storage station in China affected parts of the company’s supply chain. Then in 2017, the Tubbs wildfire burned down two structures at the company’s headquarters and damaged others.
What could have been a series of business fiascos was not. The company had continuity and disaster recovery plans in place, and supply chain employees routinely ran drills to prepare for potential issues.
We’re launching a new video series today called Big Ideas in Supply Chain. It’s our way of sharing the best solutions we’ve encountered in our work with thought leaders, customers and partners.
Each video in this series focuses on a weighty issue in supply chain, like change management or risk recovery. But these videos aren’t just an overview of common challenges — they have the potential to transform your work.
Some Canadians aren’t cheering this patio season – because their cups are empty. Ontario residents, brewers and unions shared their complaints on social media after a June update to the Liquor Control Board of Ontario’s (LCBO) warehouse management software left alcohol in warehouses instead of on store shelves. The LCBO won’t be hurt by the interruption since it’s the only liquor retailer in Ontario. But few companies have such an advantage in the market.
Here are three lessons to keep in mind before updating your supply chain planning software…