ADAPTING TO the ever-changing supply chain landscape requires vigilance. What that means in today’s terms is that you need to keep a strategic eye on macroeconomic trends, advancements in technology, and consumer expectations that have the potential to become either rallying points or disruptors to your business. Indeed, there are many issues facing you today – such as trade wars, autonomous fleets, crowdsourcing, and the new U.S.-Mexico-Canada Agreement – that you were not dealing with five years ago. But in spite of recessions, natural disasters, and border issues, supply chains still need to roll on. Which means that if you don’t evolve quickly, you die. That may sound a little harsh, but if you don’t shift and adjust with the landscape, you will wither and someone else will fill the void.
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Thank you to CSCMP Member, Melinda Damico, Executive Vice President, Vandegrift – a Maersk Company for providing CSCMP with this timely Hot Topic. The global tariff environment is constantly changing, creating a high risk impact for companies affecting their international supply chains, financial exposure, long standing business relationships and sourcing strategies. These changes can also result in trade compliance consequences. There have been major changes to the collection of tariffs as a result of Section 301 investigations, World Trade Organization (WTO) decisions regarding trade dispute settlements, Section 232 investigations, and a greater emphasis on trade enforcement regarding forced labor and Intellectual Property Rights. The constant flux associated with these issues has created a challenge for the trade community. These changes can also result in trade compliance consequences with enforcement and regulatory government agencies. How can companies cope with these dynamics in a way that doesn’t disrupt their business models? Visit https://0b9305106cf5325988dd-f62b9871acfa9acb1838c2faadbf124d.ssl.cf2.rackcdn.com/cscmp_774ed980781c0c3527b4ea2eb18d6b52.pdf to view the full article online.
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A committee of scholars and practitioners (including several past JBL editors) evaluated the submitted proposals, the CSCMP Board of Directors approved the selection of Drs. Glenn Richey and Beth Davis-Sramek of Auburn University as the next JBL editor team! The new editor team will officially take over in 2021 after working with and shadowing the current team, Dr. Walter Zinn of The Ohio State University and Dr. Thomas Goldsby of the University of Tennessee, in 2020.
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Blockchain provides a secure ledger of transactions, programmable smart contracts, and real-time trustworthy visibility and insight into the supply chain process. For all the promises it offers to supply chain professionals, however, there's very little guidance available on how organizations should begin evaluating and using it. Understand blockchain and learn how to integrate it into your business plan as an effective supply chain tool with this new book Integrating Blockchain into Supply Chain Management by Remko van Hoek, Brian Fugate, Marat Davletshin and Matthew A Waller. Save 25% using discount code CSCMP25. Offer available till Nov. 30, 2019. Visit http://bit.ly/35gIZb1 to view the full article online.
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CSCMP will again be offering the SCPro™ Bridge Exam at EDGE 2020! The SCPro™ Bridge Exam was created for professionals that already hold a previously earned credential or advanced degree similar to SCPro™. Take advantage of the early bird discount of $100 off of your registration. Enter code BRIDGE-EARLY at checkout to receive your discount. Register here. Visit https://cscmpedge.org/website/2886/bridge-exam/ to view the full article online.
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The overall LMI index is 54.4 in the October 2019 reading, down (-2.2) from the reading of 56.6 in September 2019. As mentioned above, this is the lowest reading for the overall index in the three-year history of the LMI. This is down significantly (-16.8) from this time a year ago, when it read in at 71.2. We have seen low scores for the LMI throughout the Summer and Fall, with the lowest seven scores in the history of the index coming in the last seven months. Respondents predict the LMI will be at 59.5 12 months in the future, down 4.2 points from September’s future prediction of 63.7. Get the latest issue of the Logistics Manager Index (LMI). The LMI is calculated using a diffusion index, in which any reading above 50 percent indicates that logistics is expanding; a reading below 50 percent is indicative of a shrinking logistics industry. The LMI score is a combination of all of the other components that make up the index including inventory levels and costs, warehousing capacity, utilization and prices, and transportation capacity, utilization and prices. About The Logistics Manager’s Index® The Logistics Manager’s Index (LMI) is a joint project between researchers from Arizona State University, Colorado State University, University of Nevada, Reno, Rochester Institute of Technology and Rutgers University, supported by CSCMP. It is authored by Zac Rogers Ph.D., Steven Carnovale Ph.D., Shen Yeniyurt Ph.D., Ron Lembke Ph.D., and Dale Rogers Ph.D. Visit https://cscmp.org/store/detail.aspx?id=RS17-LMI to view the full article online.
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