Supply Chain

Blockchain Technology: Enabling Transparency in Food Supply Chains

Blockchain has been the recent buzzword in digital, alongside AI and automation. The application of blockchain technology to food supply chains is significant considering the fast-moving nature of food products and the direct impact on human health.

Supply Management Metrics that Matter in 2017 — What Does “Good” Look Like?

This is a question that we ask ourselves all the time at GEP. We have to know what “good” looks like, because our clients are also asking us this question and, critically for us, paying us to give them the answer.

Of course, there isn’t just one “good.” There are lots of “goods” that apply to the many programs and processes that are the key components of the procurement function.

Amidst No-Show Fines, Amazon Business and Brexit – The MRO & Logistics Landscape

The logistics sector has witnessed some sweeping changes in the sea and road freight sector. Overcapacity in the sea freight market has impacted profits of the ocean liners. Another reason impacting profits is the freight forwarders, who often commit to specific requirement to the liners, only to cancel (sometimes) at the last moment.

Impact of Brexit on Supply Chain and Customs

On 23rd June 2016, in a historic referendum held after the UK’s 43-year long marriage with the European Union, 51.9% of the British electorate voted to ‘leave’ the European Union. Britain’s exit from the EU also nullified its membership from the EU’s Single Market Customs Union, an independent trade bloc comprising of EU Member States that eliminates all physical trade barriers between member countries enabling free movement of goods and services across the bloc.

Impact of Qatar Embargo on Helium Markets

In early June, Saudi Arabia, the UAE, Egypt, Yemen and Bahrain cut diplomatic ties with Qatar, along with curtailing sea and air travel. Saudi Arabia and the UAE have also shuttered land borders with Qatar, blocking overland exports. The embargo and sanctions have effectively created a blockade on Qatar, and is expected to have an impact on the helium market. With helium having applications in MRI, cryogenics, electronics, semiconductors, space launching and other lifting applications, this event poses a potential risk in the long term. 

Trump’s Government Policies - Catastrophic or Fortunate?

Corporations and investors were buoyed by the Trump government’s proposal to substantially cut corporate taxes, ease regulations and increase spending on infrastructure, which would have supported the growth and prosperity of US companies. However, the recent actions of Trump’s government are aligned to their agenda of “new protectionism,” which includes a ban on immigrants from seven Muslim countries, impositions of higher import tariffs, an end to various free trade agreements and changes in energy policies are likely to have economic and strategic impacts on domestic and international markets.

Rising Concerns Around Lack of International Consensus on Climate Change

Rapid changes in weather patterns could lead to severe drought situations and water crises, which in turn could spark geopolitical and societal risks like mass involuntary migration and local or regional unrest. Ineffective management of the earth’s shared natural resources such as the atmosphere, high oceans etc. could have far-reaching local and global consequences.

Is It the Beginning of the End of Global Free Trade?

Globalization today is facing its biggest test in decades. Britain’s vote in June last year to leave the European Union as well as the election of Donald Trump as president of the United States is leading to trepidation that the model, which has governed the global economy for so long, is seemingly crumbling.

Geopolitical Instability Among Top Concerns for Procurement and Supply Chain in 2017

This past year was an eventful one, as far as geopolitics is concerned – the European refugee crisis and growing unrest in the Middle East, coupled with China and Russia’s assertive stance on regional issues, caused widespread political instability across several nations.

Toyota’s Lessons in Disaster Management: ‘How Quickly Can We Recover?’

Toyota relies on its Just-in-Time inventory system to reduce storage costs and maintain quality control of its parts. It’s an efficient system that, in normal times, works well. But we are not in normal times. Sadly, the most recent series of earthquakes in Japan again has highlighted its drawbacks. Back-to-back quakes of magnitudes 6.5 and 7.3 (among others) shook the southern Japanese island of Kyushu, one of the country’s major automotive manufacturing areas. Dozens of people died and thousands of buildings were destroyed.

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