April 26, 2024 | Supply Chain Strategy
Global transportation costs have slipped to their lowest level since December 2023 as the diminishing impact of the Suez Canal disruption brought down container rates.
Data from the GEP Global Supply Chain Volatility Index for March 2024 showed no discernable impact to the world’s supplies from either the Red Sea attacks or from reduced capacity on the Panama Canal or even the Baltimore port closure, as businesses adjusted to longer delivery schedules.
April 19, 2024 | Risk Management
Supply chain strategic planning is critical for aligning operations with business objectives and ensuring efficient flow of goods and services. It’s especially important when you consider that 75% of supply chain leaders, according to Gartner, expect an increase in high-impact disruptions around risk management, future of work and digital transformation.
April 10, 2024 | Risk Management
The massive earthquake in Taiwan on April 3 has created worries over the disruption to the semiconductor supply chain as the island nation is the world’s biggest chips supplier.
Some of the top global chipmakers, such as Taiwan Semiconductor Manufacturing Co. (TSMC), which supplies chips to Apple and Nvidia, had to shut down their fabrication plants and evacuate workers when the 7.2 magnitude earthquake struck the eastern coast of the island.
Chipmakers UMC, Vanguard International Semiconductor and Powerchip Semiconductor Manufacturing also operate from Taiwan.
April 02, 2024 | Supply Chain Software
How much inventory is too much or too little?
This is perhaps the biggest concern for businesses today.
Yet, there doesn’t seem to be a clear answer.
Nonetheless, all businesses, big or small, must get this aspect of supply chain operations right, especially as the larger economic environment continues to be uncertain.
The key objective in this process is to ensure that products are in stock at the right time and at the right cost.
March 30, 2024 | Risk Management
Expect short-term direct and indirect transportation cost increases after the Baltimore bridge collapse, says GEP’s logistics expert David Doran
Clinical trials are complex yet integral to the pharmaceutical and biotechnology industries' ability to develop innovative new products. However, lack of program governance, approval delays, and limited integration of technological systems can adversely impact cost, quality, and time.
What can these organizations do to overcome these obstacles?
March 11, 2024 | Supply Chain
The Red Sea crisis triggered by the attack on container ships by Houthi rebels in Yemen continues to impact global shipping. The disruption has caused delays, increased costs, and disrupted supply chains, affecting major shipping canals and global trade routes.
The route through the Suez Canal presents distinct challenges, with the conflict in Gaza prompting the Houthi rebels in Yemen to launch attacks using rockets and drones on ships travelling to and from the canal.
March 04, 2024 | Market Intelligence
Panama canal drought has caused shipping delays and higher costs for companies. Read this blog to know the impact of rerouting and future implications.
March 04, 2024 | Supply Chain Strategy
The recent LoanDepot and 23andme cyberattacks have again put in the spotlight the interconnectedness and fragility of modern businesses and their supply chains.
As supply chains rely on networks of manufacturers, logistics providers, and vendors, they face intensifying cybersecurity threats.
March 04, 2024 | Supply Chain Software
For modern supply chain organizations, effectively managing inventory is more crucial than ever.
Globalized networks, omnichannel operations, compressed order cycles -- these realities make optimizing inventories challenging. Businesses require strategies that balance service level targets against the risk of excess stock.
As we enter 2024, a new set of best practices is emerging around data-driven inventory optimization. Companies should reevaluate existing approaches and update inventory management playbooks.
