SCM 101
Q. What’s the difference between an economist and a befuddled old man with Alzheimer’s?
A. The economist is the one with the calculator.
Ep 8: Kraft Heinz turnaround starts with new talent
What Is Going On Here? The supply chain overhaul needed at Kraft Heinz will take years, said CEO Miguel Patricio Thursday on his third earnings call in the position. In the fourth quarter, the company achieved its first net reduction of U.S. supply chain costs in two years, though other detractors kept the savings from…
Ep 7: Searches for suppliers outside China double as coronavirus spreads
What Is Going On Here? Shippers are seeking alternative suppliers outside of China to make up for delays resulting from the continued production standstill in China’s Hubei province caused by the COVID-19 outbreak, according to Freightos. “The share of searches for countries other than China has climbed to more than 17% so far this month,…
Ep 6: Inaccurate maps cost logistics companies $6B
What Is Going On Here? Imperfect directions, incomplete maps, parking problems and missed delivery windows are costing delivery companies an estimated $6 billion a year, according to a new report by Swedish startup Mapillary. The estimate includes $2.5 billion in wasted salary and $611 million in extra miles driven annually because of inaccurate maps. The report surveyed 219 U.S.…
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SCM 101 