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Six Unforeseen Risks that could cause Supply Chain

Six Unforeseen Risks that could cause Supply Chain

Six Unforeseen Risks that could cause Supply Chain
źródło: Ratioiconic

Disruption How to Prevent It

Six reasons that could trigger disruptions within your supply chain

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1. Implementation of the latest technology

The potential for efficiency improvements throughout the supply chain industry is huge. However, the introduction of this technology could cause disruptions of its own particularly when vendors and suppliers are in different stages of their acceptance.

McKinsey analysis suggests that delivery on demand, automation as well as robots are likely to have the greatest long-lasting impact on supply chains over the next months and over the next few years.

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You can ensure that your supply chain in good shape by staying on the cutting edge of technological advancement and helping others do the same. Implementation of new technologies could disrupt the routines that employees have to perform. To ensure a smooth transition, intensive training is an ideal alternative.

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2. Problems with transport

Following the Covid-19 pandemic, transportation delays have become a major supply chain issue. Ships are diverted to different ports or delayed at ports for several weeks because of new Covid outbreaks. In normal circumstances, they will be processed in a couple of days.

The status of shipping and the condition of delivery not being clear is a major issue for any company, but it's particularly important for fragile or delicate products.

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Logmore is a performance management tool, is designed to eliminate the issue by enhancing data collection throughout the process of shipping. Businesses can monitor not just the exact location of their shipment as well as important information such as temperature and humidity. Brands can spot bottlenecks or inadequate shipping conditions and implement changes to safeguard their goods and enhance the quality of their shipping.

3. Natural disasters

Unexpected natural disasters, regardless of whether they're caused by fire, hurricane, or tornado, can cause major interruptions to supply chains, particularly when it's heavily dependent on one geographical region.

An article in the AP News report explains how Texas record-breaking temperatures have affected the industry of outdoor furniture. Because of the impact of weather conditions on power grids, two factories that make outdoor furniture foam had to be shut down for a few days. This resulted in the production of foam briefly was cut off. After July, however the levels weren't returning to normal levels.

4. Price fluctuations

Price fluctuation in seemingly unrelated fields could cause disruptions to the supply chain of your company, regardless of the sector. It is possible for a supplier to increase the cost of an essential component you need to create your products. Costs for shipping can be directly affected by price issues with commodities such as crude oil.

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Your company should be ready to be prepared for any price increase that impacts the supply chain. Companies must determine whether they want to increase prices or change suppliers. or if they're willing to take a short-term loss of profits. In recent times the shrinkflation phenomenon is a trend that has gained popularity. Businesses sell the same item at a lower cost, however in smaller quantities.

5. Sudden spikes in demand

It was impossible to have predicted that the year 2019 would bring an issue with toilet paper that would cause disruption to whole U.S. supply chain when panic-buying customers flooded into. This is a stark example of how companies can be completely inexperienced for the shift in demand.

Other variables that can affect the market demand for goods by businesses include market trends, seasonality and cannibalization.

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6. Cyberattacks

Cyberattacks are becoming a bigger risk as supply chains become more digital. Although your company may be equipped with the most sophisticated digital security but hackers are still able to access your network when your supplier is not secure.

The 2014 Target hack may be the most widely-known instance. Target's HVAC partner shared information that hackers used to steal information from over 70 million customers, including more than 40 million credit and debit cards. The Colonial Pipeline hack caused massive fuel shortages across the East Coast.

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Smart business leaders will be able to communicate with their suppliers to ensure they're not vulnerable to serious security risks. Any supply chain partner that is a proponent of cybersecurity reduces the risk for all involved.

Data:
Tagi: #

dailyhealthstudy

For women's health, tips for heart, mind, and body - https://www.mpolska24.pl/blog/for-womens-health-tips-for-heart-mind-and-body



If you want to avoid problems such as strokes and heart disease, there is an easy way.


Get more fruits and vegetables.

Whole grains are better than refined ones. Brown rice is better than white. Switch to whole-wheat pasta

Consider lean proteins such as poultry, fish and beans.

Reduce your intake of processed foods, sugar, salt, saturated fat, and other unhealthy food.

Flexibility is key to eating well, according to Joyce Meng, MD assistant professor at UConn Health's Pat and Jim Calhoun Cardiology Center. You can follow a strict diet plan if you prefer. It's okay if you don't like following a strict diet plan.


Tricia Montgomery (52), founder of K9 Fit Club knows firsthand the benefits of a healthy diet and lifestyle. Her favorite things are eating healthy food and making small, frequent meals. She says, "I don’t deny myself anything." "I still enjoy dessert, key lime pie, yum!" -- I love frozen gummy bears and moderation is the key.


Get regular checkups. Your doctor will keep track of your medical history so that you can stay healthy. If you are at high risk of osteoporosis (a condition that weakens bones), your doctor may recommend more vitamin D and calcium.


You may be recommended by your doctor to have screening tests done to monitor your health and detect conditions before they become serious.


Be open to communication. Meng said, "If you have any questions, ask your doctor." "Ensure you are satisfied with the information." Talk to your doctor if you have concerns about any medication or procedure.


Reduce Stress

It can be very detrimental to your health. It is impossible to avoid it all, but there are ways you can reduce the effects. Do not take on too many responsibilities. Set limits for yourself and others. It is okay to say no.


To relieve stress, try:


Deep breathing

Meditation

Yoga

Massage

Exercise

Healthy eating

Talking to a friend or family member.

Develop healthy habits

You can prevent problems from coming your way tomorrow if you make the right decisions today.


Brush your teeth twice daily and floss each day.

Don't smoke.

Limit your alcohol. Limit your alcohol intake to 1 drink per day.

Take your medication exactly as prescribed by your doctor.

Get better sleep. Try to sleep for at least 8 hours. Talk to your doctor if you are having trouble sleeping.

Keep out of direct sunlight between 10 a.m. and 3 p.m.

Wear your seatbelt.

Meng suggests that you take time each day to invest in your own health.


Montgomery was able to see the benefits. Montgomery says that she has overcome health issues, is happy, and has a positive outlook. She says that her life has been forever transformed.

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