Recently, in the first part of my blog article series “Supply Chain Risk Management – far more than just a way out of the current crisis“, I highlighted the importance of linking the two disciplines of Risk Management and Supply Chain Management when managing crises. There is another important aspect to not just surviving times of crisis, but to come out of these strengthened. And that is the time factor.
For this reason, the second part of this blog article series is dedicated to the following questions: Where do I start? What ad-hoc measures can I implement to mitigate impact? What can I quickly do to protect my supply chain? Read more
The current coronavirus crisis clearly shows how vulnerable and susceptible to disruption supply chains are today. It also shows how important it is to anticipate disruptions of any kind in order to minimize their impact. In this context, supply chain risk management plays a major role. Essentially, it is a matter of finding answers to the following questions:
- What risks is my supply chain exposed to?
- How can I identify problems in my supply chain as quickly as possible, catchword early warning system?
- What do I need to do to minimize loss and to be even stronger in the end?
- As well as the lessons learnt: Which measures should I implement to ensure that I can effectively respond to any future risks?
Covid-19 has kept big and small players across all industries in check. Given the high levels of interdependence among customers, suppliers and other value-adding partners throughout the supply chain, the domino effect is not yet over. And recovery will be even harder. Read more
The current coronavirus pandemic poses enormous, unprecedented challenges for companies. Efficient risk management plays a central role in meeting these challenges. It is not so much a question of whether the current situation could have been anticipated and planned for. Rather, the focus is on how companies can now best protect their core processes and increase the resilience of their operations. Read more
The Corona pandemic took us all completely by surprise. Few people expected a “black-swan” event like this. And even the boldest risk scenarios have not foreseen or dealt with the scale of the problem we are currently experiencing.
Supply chains have been severely disrupted or even completely collapsed within a short period of time, especially in the automotive and aviation industries. If important suppliers stop producing, warehouses are not working and transports out of “red zones” are not possible, then production cannot be maintained, or only with great difficulty.
But not everything has come to a standstill. Where production is still going on, it is now particularly important to know what is happening during transport, how long are the waiting times at the borders, where are the restrictions and what time effects will this have on the delivery.
Technology company ZF provides its customers worldwide with components for just-in-sequence production. Material bottlenecks due to supply delays quickly lead to major production problems. For critical overseas transport that is prone to delays, ZF has teamed up with SupplyOn to implement a system that continuously monitors the transport status at the material level and in real-time. It provides advance notice of delays, thus ensuring stable production processes. Read more