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Hanjin Bankruptcy: A Ripple Effect from Shipping into the Supply Chain

Posted by Shubhi Dixit on Oct 26, 2016 12:54:07 PM

Just over a month ago, Hanjin Shipping Co, the world’s 7th largest shipping and Logistics Company in the world, filed for receivership on August 31, 2016. Hanjin Shipping Co. bankruptcy caused a major impact not just to logistics and shipping, but to the underpinning global supply chain and its sourcing operations. It has left nearly 80 ships with almost 500,000 containers offshore, with goods worth over $14 billion marooned at sea. The event, considered one of the biggest bankruptcies ever filed by a shipping company, has a disruptive domino effect on the supplier-dense regions of the world, in turn affecting supplier health and sourcing operations.

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Topics: supply chain visibility, supply chain resiliency, supply chain risk management, mobile SCRM, multi-tier mapping, proactive risk mitigation, crisis management, solution partner, bankruptcy, hanjin

What Netflix's Show 'Stranger Things' Can Teach Us about Crisis Management

Posted by Hannah Fliesler on Sep 13, 2016 1:32:21 PM

 

 (SPOILERS AHEAD!!!!)

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Topics: supply chain visibility, supply chain resiliency, supply chain risk management, mobile SCRM, multi-tier mapping, proactive risk mitigation, crisis management, solution partner

Choosing the Right Solution Partner for your Supply Chain Resiliency Journey

Posted by Pramod Akkarachittor on Aug 23, 2016 2:49:52 PM

 

 

What I have learned about looking beyond the hype and identifying the partner for the long run.

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Topics: supply chain visibility, supply chain resiliency, supply chain risk management, mobile SCRM, multi-tier mapping, proactive risk mitigation, solution partner

Eight Ways Successful Companies Manage Supplier Resiliency

Posted by Shubhi Dixit on Aug 10, 2016 12:21:27 PM

“50 percent of businesses fail in the first year and 95 percent fail within five years. Better success rates notwithstanding, a significant percentage of new businesses do fail.”

           - US Small Business Administration, 2014 Statistics

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Topics: supply chain visibility, supply chain resiliency, supply chain risk management, mobile SCRM, multi-tier mapping, proactive risk mitigation

Lessons from Pokémon Go to Improve Your Supply Chain Program

Posted by Jane Khoury on Aug 1, 2016 12:55:43 PM

By now, you’re most likely one of those millions of people that have chosen to Get Up, Get Out and Explore, traveling around the globe to locate, capture and train as many Pokémon as you possibly can. And if you are in the minority, or you are not just ready to admit your obsession to your colleagues, here is a quick introduction to the game1:

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Topics: supply chain visibility, supply chain resiliency, supply chain risk management, mobile SCRM, multi-tier mapping, proactive risk mitigation

Download Resilinc's Brexit Global Supply Chain Impact Analysis Whitepaper

Posted by Neil Shenoi on Jul 1, 2016 1:27:50 PM

On June 24th 2016, citizens of the United Kingdom voted and passed a referendum to leave the European Union. Better known as “Brexit”, the move sent a shock wave through global financial and currency markets. In context of the interconnected globalized economy, Brexit is not a localized phenomenon. Given the significance of the UK to the world economy, the vote has global economic repercussions and its’ impact is not limited to the UK and its citizens. 

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Topics: supply chain visibility, supply chain resiliency, supply chain risk management, cloud SCRM, multi-tier mapping, proactive risk mitigation

Eyes on Oculus: Align Design and Supply Chain Teams Earlier for Optimal NPI Launches

Posted by Neil Shenoi on Jun 21, 2016 12:36:42 PM

In early 2016, Facebook-owned Oculus brimmed with confidence following scores of pre-orders on January 6th for its highly-anticipated $600 Oculus Rift virtual reality headset. Oculus founder Palmer Lucky told attendees at CES 2016 that “Preorders are going much better than I could have ever possibly expected. I can’t talk about numbers, but we sold through in 10 minutes what I thought we were going to sell through in a few hours.”

While preorders went better than they expected, what was a competitive NPI window for the VR pioneers quickly snowballed into a botched launch within a few months due to “unexpected component shortages,” leaving the Rift’s avid early-adopters furious, their deliveries pushed back months after the initially promised delivery dates of late-March. In a key window that can potentially leave scars on a new company's brand, the recent delays shed light on how aligning a company’s Supply Chain and Procurement with Design early on is crucial when rolling out a successful new product introduction.

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Topics: supply chain visibility, supply chain resiliency, supply chain risk management, cloud SCRM, multi-tier mapping, proactive risk mitigation

Key Takeaways for CEOs from Tesla Model X Delays: Design for Resiliency

Posted by Neil Shenoi on Jun 7, 2016 2:58:36 PM

Tesla’s crossover Model X sports utility vehicle – characterized by its unique “falcon-wing” doors – was hit with significant delivery delays due to severe component shortages and issues with direct suppliers’ capabilities and cooperation, compromising the company’s initial forecast and resulting in a temporary stock price drop. 

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Topics: supply chain visibility, supply chain resiliency, supply chain risk management, cloud SCRM, multi-tier mapping, proactive risk mitigation

When The Supply Chain Lets You Down: Key CEO Takeaways from Tesla’s Q1 Delivery Shortfall

Posted by Bindiya Vakil on May 26, 2016 1:51:26 PM

Tesla announced in early April that it was unable to meet its delivery target of 16,000 vehicles for the quarter due to component shortages on about half a dozen of its 8000 parts.  At prices for Tesla cars starting at $70,000, the delivery shortfall equates to almost a $100 million gap, which is not minor by any means.  In the aftermath of the announcements, Tesla announced the departure of two senior manufacturing and production executives, Greg Reichow, its vice president of production, and vice president of manufacturing, Josh Ensign.

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Topics: supply chain visibility, supply chain resiliency, supply chain risk management, cloud SCRM, multi-tier mapping, proactive risk mitigation

3 Unobvious Supply Chain Risks Companies Shouldn't Overlook

Posted by Neil Shenoi on May 19, 2016 10:36:22 AM

Supply chain practitioners, accustomed to the ongoing disruptions throughout the sub-tier supply chain, are familiar with the usual risks that threaten supply chain continuity: factory fires, port disruptions, force majeure, chemical spills, and so on. But as global supply chains grow more interconnected, seemingly unrelated events can have a ripple effect, branching out and impacting your supply chain.

In this post, we examine three of these less apparent supply chain risk types, explain the nature of their risk in the supply chain context, and present guidelines to help you better respond to and mitigate such risks.

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Topics: supply chain visibility, supply chain resiliency, supply chain risk management, cloud SCRM

Resilinc

The Leading Provider of Supply Chain Resiliency Solutions

Resilinc is the leading cloud provider of supply chain resilience and risk management intelligence and analytics. Industry leaders like Amgen, GM, and EMC rely on Resilinc to mitigate risks end-to-end, while achieving long-term competitive advantage, and building brand and shareholder value. Resilinc’s flagship SCRM solution platform and services deliver the fastest time-to-value and the lowest resource impact. It accomplishes this by providing the world’s largest repository of supplier and part intelligence leveraging the power of our “LinkedIn” supplier community; the most robust set of dashboard visualization and patent-pending analytic functionality for proactive planning and risk quantification; and the only solution that personalizes your impact analysis by automatically connecting incidents with your supply chain map so you don’t have to.

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