A 2013 study conducted by Deloitte found that 64 percent of the global executives surveyed reported they had a risk management program in place that is specific to the supply chain. That being said, 45 percent of the respondents said their programs were somewhat effective or not effective at all. Respondents — especially those in
Companies within the logistics and supply chain industries are often built around a small number of clients because these clients generate 80 percent (or more) of revenue – The Pareto Principle aka the 80/20 rule. Some companies choose not to openly acknowledge this reality; I believe this is done at their peril. Rather than ignore
Here are five things the supply chain industry can learn from Top Gear. 1. Speed is essential Jeremy Clarkson advises: “Speed has never killed anyone, suddenly becoming stationary… That’s what gets you.” For the supply chain industry speed and stagnation can be deadly. PwC’s Global Supply Chain Survey found that industry leaders (financially and operationally) have
You hate your job. The hours aren’t right, the work isn’t stimulating, and you feel there are no growth opportunities. Your new hero is Marina Shifrin and you play her epic resignation video over and over again in the hopes that you: 1) can get up the courage to quit, and 2) you can acquire
Breaking Bad, AMC’s award-winning drama, is dark, violent, gritty – and it offers 9 essential business lessons. 1. Don’t cut corners; quality is paramount Look, I like making cherry product, but let’s keep it real, alright? We make poison for people who don’t care. We probably have the most unpicky customers in the world. You
Let’s face it, meetings can suck. A poorly planned and executed meeting is a waste of time and money, and it can be demoralizing. Meetings shouldn’t be like this. Here are nine tips on how to plan and how to run an effective meeting. 1. Purpose Every meeting should have
This post is written by our Marketing Analyst Intern, James Kane. James is a senior at the University of New Hampshire’s Whittemore School of Business and Economics. Truck drivers are in short supply. This has had, and will continue to have an impact the logistics and supply chain industry. Here’s how to leverage this challenging
