Moving from Just in Time to Just in Case

May 27, 2020

In pursuit of ever-greater efficiency, many businesses de-emphasized supply chain flexibility and resilience. Today’s situation calls for rebalancing priorities. Consider for a moment the farms growing food for commercial users here or in China. Pre Covid-19, these farms were highly efficient and offered products at the lowest possible cost. Today the commercial market has been decimated, and farmers are forced to dump strawberries or cull herds, financial victims of unanticipated change. To withstand a crisis, or better yet to come out of it stronger, balance the low cost and efficiency of the JIT model with the need to be nimble and agile in reacting to market changes.

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Source: Industry Week

Connected Worker Solution Enabling Business Continuity

May 12, 2020

Wood is adopting the Honeywell Forge Workforce Productivity connected worker solution to help improve decision-making, boost productivity and enhance safety for industrial workers.

Using hands-free devices and leveraging technology such as augmented reality, Honeywell Connected Worker’s intelligent wearables combine a heads-up display and voice control with sophisticated workflow software and deep integration of plant and process data. Honeywell is working with Wood to equip its frontline workforce in the energy industry with instant access to the crucial knowledge and information needed to streamline operations, ensure uptime and enable business continuity.

For the full story, please click HERE

Source: Industry Week

Target to Acquire Deliv Tech as the Last-Mile Startup Shuts Down

May 12, 2020

Target, Walmart, and other brick-and-mortar retailers have been working for years to bolster delivery offerings, as Amazon has gone from two-day to one-day shipping for Prime members. Deliv presented itself as a way to compete against the Seattle-based e-retail behemoth.

“It’s never been more important for retailers to adopt the latest in logistics management,” Carmeli wrote in a 2017 op-ed. “Using an on-demand, third-party logistics partner allows them to offer an Amazon-equivalent customer experience without having to build it themselves.”

Target has invested heavily in its delivery network over the last few years, including its $550 million cash acquisition of Shipt in 2017 and its acquisition of Grand Junction the same year.

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Source: Supply Chain Dive

Imports Will See Steep Decline Even as Stores Reopen

May 11, 2020

As the economic effects of the coronavirus pandemic continue, imports at major U.S. retail container ports are expected to see double-digit year-over-year declines this spring and summer according to the Global Port Tracker report released on May 8 by the National Retail Federation and Hackett Associates.

“Factories in China are largely back online and stores that closed here in the U.S. are starting to reopen, but volume is far lower than what we would see in a ‘normal’ year,” NRF vice president for Supply Chain and Customs Policy Jonathan Gold said. “Shoppers will come back and there is still a need for essential items, but the economic recovery will be gradual and retailers will adjust the amount of merchandise they import to meet demand.”

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Source: MH&L News

7 States Form Regional Supply Chain To Buy $5B In Medical Equipment To Fight Coronavirus

May 4, 2020

States have been caught in a bidding war against each other, the federal government and private entities for medical equipment as the coronavirus continues to spread in the U.S. Fierce competition for supplies like masks, isolation gowns, nasopharyngeal swabs, ventilators and more has led states to shell out prices far above market rates. For example, the price tag of a single ventilator has snowballed from $12,000 to $65,000, according to the comptroller of Illinois.

The new regional supply chain is an attempt to tamp down on those skyrocketing prices as demand is unlikely to let up anytime soon, with some public health experts forecasting a return of the coronavirus in the fall.

For the full story, please click HERE

Source: Supply Chain Dive