By Rick D. Blasgen, President and CEO, CSCMP THE VERY BEST IN PROFESSIONAL DEVELOPMENT ... DESIGNED EXCLUSIVELY FOR YOU CSCMP's EDGE Supply Chain Conference kicked off it's 57th annual event on Sunday, September 15. This conference is the largest of its kind in our discipline, and draws more than 3,000 supply chain professionals from around the globe. EDGE 2019 is an invaluable forum for developing the kinds of collaborative relationships that are key to successful supply chains in the new economy. That’s why CSCMP created a variety of unsurpassed networking opportunities where EDGE attendees will be able to build and expand their professional networks. CSCMP believes that education is the foundation of continuous improvement. We are confident that events like the EDGE Conference and local CSCMP Roundtables provide broader and deeper visions of the profession; the opportunity to participate in relevant learning programs and networking activities; and the inspiration to enhance your personal and organizational development. Visit https://www.naylornetwork.com/cscm-nwl/articles/index.asp?aid=578429&issueID=65291 to view the full article online.
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A special thank you to contributor Noël Perry of Truckstop.com a rare economistic who specializes in transportation. Are we headed for a recession? Many leading indicators point to ‘yes’. In this article, Truckstop.com Chief Economist, Noel Perry, looks at six of the reason a recession is likely, some potential good news, and what happens if there is no recession. Visit https://0b9305106cf5325988dd-f62b9871acfa9acb1838c2faadbf124d.ssl.cf2.rackcdn.com/cscmp_d41eccafd9f28537e9d7b78c0c814e0b.pdf to view the full article online.
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Thank you Joshua Berg of Cybeta for contributing this Hot Topic. In an increasingly interconnected world, it is more important than ever to evaluate the digital resiliency of an enterprise – the capability to withstand and operate right through a cyber threat or a verified incident. Digital resilience processes ensure that an organization’s infrastructure and services can operate with minimal disruption during a cyber threat or incident. Unfortunately, modern digital networks are rarely built with resilience in mind.
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Loving EDGE 2019? Full of ideas? Now is your chance to join the EDGE 2020 volunteer team!*
EDGE Track Chairs build and organize the educational sessions that make EDGE a valuable source of innovations and ideas. Each track (C-Level Discussions, Transportation and Logistics, Technology and Innovations, etc.) is built by a dedicated CSCMP member volunteer who selects topic ideas and sources talented speakers that engage, excite and educate EDGE attendees. If you are at EDGE right now, ask a Track Chair about their experience. Apply by Oct. 1, 2019 and let us know how you would take EDGE content to the next level! Please note, this is an important role that requires time and commitment—serious applicants only please! *EDGE Track Chairs must be CSCMP members at time of selection. Applicants must have attended at least two EDGE conferences by October 1st in order to be eligible. Visit https://cscmp.formstack.com/forms/2020_call_for_track_chairs to view the full article online.
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Once in a lifetime For supply chain professionals, 2018 was a year unlike any other as they tried to navigate through tight transportation capacity and high rates. Now shippers and carriers alike are trying to dig their way out of the aftereffects and bring back a sense of normalcy. LOGISTICS AND SUPPLY CHAIN PROFESSIONALS will not soon forget 2018. Rate increases and capacity constraints were the name of the day across all segments of the logistics market last year. As a result, overall U.S. business logistics costs jumped 11.4% in 2018 to a total of $1.64 trillion, or 8.0% of the U.S.’s $20.5 trillion gross domestic product (GDP). (See Figure 1.) In spite of early warning signals in 2017, many shippers were caught by surprise by the intense rate hikes. As a result, many major shippers—such as Kraft Heinz, General Mills, Whirlpool, and Coca-Cola—reported that they exceeded their supply chain budget spending in 2018 and that freight rates resulted in a negative impact on earnings. And for many logistics and supply chain professionals, 2018 (at least in terms of cost and capacity availability) was the most challenging year of their career—the equivalent of a 100-year flood. So maybe the Council of Supply Chain Management Professionals’ (CSCMP’s) “30th Annual State of Logistics Report,” presented by Penske Logistics, should come with a warning label. Written by the global management consulting firm A.T. Kearney, the report provides an overview of industry trends and U.S. business logistics costs of the past year as well as a review of macroeconomic factors affecting logistics costs, analysis of each major logistics sector, and insights from industry leaders. All of this may make the report uncomfortable reading for those shippers who would rather not relive the past year. Indeed, Ken Braunbach, vice president of U.S. transportation at megaretailer Walmart, said that reading the report was like “watching a bad movie again.” Visit https://www.naylornetwork.com/cscm-nwl/articles/index.asp?aid=580012&issueID=65291 to view the full article online.
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