In the supply chain, ensuring that only compliant materials are procured, used and placed on the market is paramount in order to control associated liabilities and market disruptions. Therefore, maintaining and overseeing compliance of chemical flows in the supply chain from supplier to customer has...
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At the beginning of 2024, Accenture conducted a study on the economic cost of supply chain disruptions. According to the results, the potential revenue growth opportunity missed each year is a staggering $1.6 trillion. This money doesn’t have to go down the drain. To survive and thrive today...
In recent years, the concurrent occurrences of the COVID-19 pandemic and the Russian invasion of Ukraine have led to global disruptions in supply chains and a surge in commodity prices. Major advanced economies have experienced an increase in inflation rates and a decline in economic activity. Ag...
By John Richardson THE GLOBAL petrochemicals business looks set to remain largely in the dark about what will happen next to container freight and semiconductor supply. This a new area of risk for producers and buyers that highlights the need for much be
Fig. 1: Global heat-related losses in the midcentury and their distributions across the world. a–d, Evolutionary trends of the four types of losses from 2040 to 2060 under different scenarios (health loss (a); labour productivity loss (b); indirect loss (supply-chain disruptions) (c); ...
While these extreme disruptions won't last forever, the supply chain may never go back to the pre-pandemic "normal." According toBusiness Insider, retail and logistics executives are predicting that the challenges we currently face will continue through 2022. Most supply chain and logistics industry...
The disruptions and challenges have come thick and fast. It’s tempting to say we want things just to go back to the way they were, back to “normal”. But the better approach is to seize opportunities and innovate – to define the new normal. In supply chain management today, that mea...
“This is where supply chain professionals need to embrace scenario planning.” Eshkenazi highlighted that supply chain professionals also need to prepare for various theoretical disruptions, understand how these disruptions will affect their company and its business, and evaluate how to best source ...
As the world grapples with challenges like climate change, resource scarcity and technological disruptions, China's commitment to advancing high-end manufacturing, including electric vehicles, machine tools, solar panels, energy storage equipment and the...