Supply chain risk and the resulting disruption is a leading cause of business volatility. With more companies expanding into new and often emerging markets – using more complex and extended networks of suppliers and partners – the supply chain is at once a growth enabler and a key source of risk. This is an area where we as an industry cannot afford to be complacent.
Visit http://s354933259.onlinehome.us/mhi-blog/improving-supply-chain-resilience-through-risk-management/ to view the full article online.
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The U.S. Roadmap for Material Handling & Logistics predicts that—in a scant three years—there will be 1.4 million new jobs created in our field. And to fill those jobs, the industry must find ways to attract demographics that, historically, haven’t comprised a significant part of its workforce. Among those prospective groups are women. MHI Solutions talked to seven women who’ve established successful supply chain careers. All are enthusiastic about their experiences in the industry and the opportunities each has had. And, they’re eager to share their insights in hopes of encouraging other women to join their ranks.
Visit http://s354933259.onlinehome.us/mhi-blog/not-one-of-the-guys-the-changing-face-of-supply-chain-leadership/ to view the full article online.
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Ever since the 2011 Japanese tsunami shut down much of Toyota’s parts and manufacturing capabilities, logistics managers have been looking more closely at the vulnerabilities in their own supply chains and searching for ways they can quickly rebound from both large and small disruptions to them.
Visit http://s354933259.onlinehome.us/mhi-blog/creating-resilient-supply-chains/ to view the full article online.
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When faced with a risk to your supply chain, you really only have four options. You can ignore it, and hope that it goes away. You can accept it, and deal with the consequences. You can transfer the risk to someone else, often by buying insurance. Or, you can choose to mitigate the risk by doing something that reduces the probability or the probable impact.
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The use of radio frequency identification (RFID) and global positioning system (GPS) technologies is mitigating the risks within supply chains by minimizing financial losses due to downtime, reducing the chance for non-compliance with government regulations on product safety as well as corporate governance, and even protecting the physical safety of workers.
Visit http://s354933259.onlinehome.us/mhi-blog/utilizing-technology-to-reduce-supply-chain-risk/ to view the full article online.
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Today’s pharmaceutical sector looks healthy on the surface. It’s growing and expanding into new markets. It’s taking advantage of increased understanding about diseases and treatments, and society increasingly relies on "better living through chemistry."
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A number of studies document a growing trend of U.S. businesses bringing manufacturing operations back to the U.S.— often referred to as onshoring. In 2011, a report by The Boston Consultancy Group revealed that 24 percent of senior manufacturing executives were considering returning production to the U.S. and predicted that changes in China’s wage structure along with increased use of manufacturing technology in the U.S. would eliminate the cost advantage of manufacturing overseas.
Visit http://s354933259.onlinehome.us/mhi-blog/onshoring-vs-offshoring/ to view the full article online.
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Passing the buck" doesn’t work when it comes to an outsourced supply chain. Here, whatever happens—no matter how far down the line—problems, challenges or missteps will be seen as part and parcel of the company’s image. Disastrous weather affecting production? Lack of compliance with international law? A different understanding of quality controls? Labor issues? In today’s demanding, transparency-seeking marketplace, outsourcing your operations can also mean outsourcing your reputation.
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The economic climate for the balance of 2015 and 2016 is likely to be characterized by solid U.S. economic growth, an improving global economy, modestly rising commodity prices and continued foreign exchange rate volatility. In the new Material Handling Equipment Manufacturing (MHEM) forecast models, strong equity markets, low interest rates and continued manufacturing expansion are supportive of new orders. However, a strong dollar and expected increases in interest rates are likely to slow the growth of new orders.
Visit http://s354933259.onlinehome.us/mhi-blog/initial-2016-outlook-u-s-growth-to-continue-as-global-growth-improves/ to view the full article online.
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If you have not read the 2015 MHI Annual Industry Report, let me play the spoiler and give you the keys to where solutions reside. In the report, the following comment is made: "The number one barrier to investing in new technologies and innovations is the lack of a clear business case." Further, lack of capital ranks as the lowest barrier to investment. This means the market for material handling and supply chain suppliers is much larger than estimated, and that users of these products and services are experiencing confusion and uncertainty.
Visit http://s354933259.onlinehome.us/mhi-blog/your-opportunity-to-innovate-and-collaborate/ to view the full article online.
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