Transportation TIP List: Week of September 7th, 2015
This week’s TIP List hones in on the latest in supply chain and logistics – and holistically managing supply chain risk is currently top of mind for many in the industry. From the explosion in Tianjin, China’s economic slowdown, and U.S. economic uncertainty, this week’s events have shippers and carriers looking forward and planning ahead. We have the must-read links below!
Managing Risk in the Global Supply Chain: The low priority for managing risk in companies is puzzling, but without a crisis to motivate action, risk planning often falls to the bottom of the priority list. An effective risk management process for the supply chain can help companies avoid missed customer commitments, stock outs, reduced earnings, increased time-to-market cycles, and negative impacts to brand perception.
U.S. Economic Uncertainty Clouds Outlook for Shippers, Truckers: Shippers and truckers are traveling a bumpy road in the second half of 2015. Heightened economic anxiety, largely driven by events overseas, political uncertainty and the faster pace of regulatory activity all make forecasting truck capacity and freight demand more difficult.
The Next Global Recession: Companies need to ask not just how a Chinese recession impacts their China business, but whether a Chinese recession, or even just a substantial slow down, will tip the world’s economy into recession. A continuation of China’s slowdown in the next years will likely drag global economic growth below two percent.
Tianjin Explosions Supply Chain Impact: 4 Reasons It’s Worse Than You Think: The impact on global supply chain operations − from the two massive explosions that occurred on August 12 at the Ruihai International Logistics warehouse in Tianjin, China − may be far worse than suggested by news analysts and Chinese officials.
Study Finds Manufacturing Industry Ready for the Internet of Things: Among 600 manufacturing companies surveyed, 97% of respondents believe the Internet of Things (IoT) is the most significant technology initiative of the decade. Connected devices, equipment and processes are now enabling companies to find efficiencies in their own operations, but the IoT extends further, granting visibility into supply chain partners.
The Evolution of WMS Customer Requirements: Today’s customers are making purchasing decisions based on a more holistic perspective. Additionally, WMS customer requirements have evolved – but how are WMS customers’ requirements different now than they were in the past, and what factors are driving these changing needs?
Three Trends that Will Affect Holiday Retail as Consumers Start Shopping: Retailers are already busy prepping for the holiday season. But, before the season is in full swing, they may want to read about these three trends that will affect retail as consumers start shopping. As mobile, omnichannel and data become more prevalent in consumer decisions, retailers must stay one step ahead.Retailers are already busy prepping for the holiday season. But, before the season is in full swing, you may want to read about these three trends that will affect retail as consumers start shopping. As mobile, omnichannel and data become more prevalent in consumer decisions, retailers must stay one step ahead.
What transportation and supply chain topics are you reading up on this week?
Have questions, comments or other important TIP list topics? We’d love to hear them!