With little accurate global data on suppliers, buyers are exhibiting ‘blind faith’ in lower tiers of their supply chain. Poor visibility at tiers two and three is exposing those who source globally to risk and potential brand damage that should deeply concern any board, as well as company shareholders. Adrian Chamberlain writes.
The St Jude storm last Monday brought hurricane force winds across the UK, causing damage and major disruption to transport networks across the country. But the business impact has been minimal. Anne Marie Kilkenny, partner at supply chain optimisation specialist, Oliver Wight explains why.
A new collaborative model linking companies, academia and government should save the pharmaceutical industry millions and help smaller firms in Britain reorientate to supply the pharma manufacturing of tomorrow.
Cumulatively, mass product recalls, extreme natural events and political unrest are increasing insurance costs. Vendigital’s Richard Gane suggests ways to lower supply chain costs and risk.