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4 Reasons for the Supply Chain Talent Shortage

By Elementum News Desk | May 15, 2018

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As the true determiner of whether a business sinks or floats, supply chain needs a workforce composed of smart, talented people. But why is it so hard to attract the best of the best to a career in supply chain?

Medicine's Inventory Nightmare

By Angelo Rivera | May 10, 2018

In a recent survey, 40 percent of surgeons admitted to having cancelled a case due to a lack of available supplies. What inefficiencies need to be addressed in the healthcare supply chain to make sure this kind of thing doesn’t happen?

Supply Chain Best Practices: The Flexible Supply Chain

By Janie Ryan | May 8, 2018

In a world where market trends are fast-evolving and unpredictable, companies must be able to respond to disruptions and changing customer whims on a dime. This requires the ability to flexibly reallocate inventory based on demand, and quickly locate component alternatives when supplier issues arise. But as their operations grow more fragmented across the globe, businesses are stuck with rigid inventory management and ordering systems that aren’t designed to react to rapid demand shifts.

Toys R Bust: The Downfall of America's Favorite Toy Store

By Charlotte Lee | May 3, 2018

Did supply chain problems have anything to do with Toys "R" Us going out of business? The company's jingle famously declared "I don't wanna grow up"—but it is exactly this reluctance (or at least inability) to mature amidst a rapidly-evolving retail landscape that led to the company's ultimate downfall.

Supply Chain Best Practices: Preparing for the Worst

By Mary Grace Figuracion | May 1, 2018

Supply chain disruptions are inevitable, whether resulting from natural disasters, technical failures, worker strikes, or other unforeseen incidents. And as supply chains have become increasingly diffuse over time, the likelihood that disruption in one region will have consequences that reverberate across the globe, is higher than ever before.

In a 2017 survey by the Business Continuity Institute (BCI), 65 percent of respondents had experienced at least one supply chain disruption in the last year, with 44 percent of the disruptions occurring at Tier 1. Such incidents have a significant impact on an organization's operational and financial performance; according to the World Economic Forum, for a Fortune 500 company the average estimated loss in market cap from supply chain disruptions is $3.2 billion.

The Localized Supply Chain

By Janie Ryan | April 26, 2018

Around the world, multinational companies are winning customers by creating products and campaigns that appeal to local populations. From creating an experience that feels more authentic, to developing products that have a region-specific appeal, what role does localization play in supply chains?

Supply Chain Best Practices: Traceability

By Charlotte Lee | April 24, 2018

Sustainability and traceability go hand-in-hand. When the lifecycle of a good can be tracked from source to point-of-sale, businesses and their customers have both the tools and the incentive to act responsibly. We’re taking a look at what it means to have a traceable supply chain, and what businesses can do to move the needle on their own traceability initiatives.

Marijuana Goes Mainstream: The Dynamic Supply Chain(s) of a Budding Industry

By Janie Ryan | April 20, 2018

California’s Prop 64 marked a sea change in the effort to bring an entire industry out of the shadows. As the sixth largest economy in the world and the country’s cannabis capital, many say that California is poised to lead the development of the burgeoning legal industry, with expected sales of over $5B by 2019.

The Counterfeit Economy

By Mary De Asis | April 18, 2018

Product counterfeiting and piracy are pervasive across almost all countries and industries. In total, this black market is expected to represent $991 billion of the global economy by 2022.

Fast Fashion's Inventory Woes: 3 Ways Retailers Can Stay in Business

By Paula Lucero | April 12, 2018

Since the 1990’s, when little-known clothing retailer Zara announced it could take a garment from concept to rack in just 15 days, “fast fashion” has captured the minds of consumers. Brands like Zara, H&M, and Forever 21 peddle cheap clothing—and they win huge market shares by getting it to market in time for buyers to keep up with volatile trends. However, this dynamic industry is now facing the same challenges as some traditional retailers—unsold inventory and profit losses. How can fast fashion take its supply chain into the future to stay in business?