What do you do if global events threaten the stability of your logistics management?

As global events threaten the stability of logistics management it is important to have regular assessment of the risks involved: -->Continuous monitoring of geopolitical, economic, and environmental factors is essential. Staying informed about global events allows for early detection of potential disruptions, enabling prompt responses and minimizing the impact on logistics operations. -->Maintaining open communication channels with suppliers, service providers, and other stakeholders is essential to know about the global issues in respective areas and ascertain their potential implications. -->Natural disasters, political instability, policy changes, sanctions, economic downturns etc. can lead to disruption in logistics operations.

One thing we could do is stay in close communication with our suppliers and partners to keep tabs on any potential disruptions or changes in the supply chain. It might also help to have backup plans in place, like alternative suppliers or shipping routes, just in case things go south. And let's not forget about keeping our customers in the loop too, so they know what's going on and we can manage their expectations. Plus, staying up to date on the latest news and developments in the global landscape can help us anticipate and mitigate any potential problems before they escalate. It's all about staying proactive and agile when the unexpected hits.

- In response to global events jeopardizing logistics stability, proactive risk management becomes imperative. This entails diversifying supply chains, establishing contingency plans, and fostering collaboration with partners. Additionally, leveraging technology for real-time monitoring and scenario analysis helps in adapting swiftly to dynamic situations.

For global events, it would be best if you can stay on top of it. Know what is happening, formulate ways on how you can overcome it while applying some bandaid solutions that will be converted to permanent solutions when the event happened again while being transparent to your clients, colleague, and the likes for them to be updated on what is currently hampering your smooth operations.

Ne dépendez pas d’un seul fournisseur ou d’une seule région. Diversifiez vos sources d’approvisionnement pour réduire les risques liés à des perturbations spécifiques

Em situações de evento globais é super importante trabalharmos com um estreitamento de relação com o prestador, para ter a sensibilidade do comprometimento de entrega do mesmo. Porém vale ressaltar que em épocas de crise não podemos ficar refém de uma única fonte de entrega. Temos que diversificar o quadro de fornecedores e pensar em outras opções viáveis que atende a demanda e realidade do projeto.

As global events threaten the stability of logistics management it is important to diversify the sources: -->Relying on a variety of suppliers or service providers through different contractual arrangements can enhance flexibility. This might include long-term contracts with stable partners, as well as short-term contracts or spot-market purchases for more dynamic sourcing needs. -->Utilizing multiple transportation routes, carriers, and modes (e.g., air, sea, road, rail) can provide flexibility and alternatives in the face of disruptions, such as port closures, strikes, or infrastructure failures.

Relying on a single source of supply or a limited number of suppliers can make your supply chain more vulnerable to disruptions. Diversifying your suppliers and establishing alternative supply chain networks in different regions can help reduce the impact of disruptions.

As global events threaten the stability of logistics management it is important to maintain inventory levels: -->Maintaining multiple warehouses and distribution centers across different locations ensures redundancy in the storage and handling of goods. In the event of disruptions affecting one facility, others can step in to meet demand, preventing delays in order fulfillment. -->Strategic positioning of inventory at various locations in the supply chain, including raw materials, work-in-progress, and finished goods, helps buffer against disruptions. This approach enables companies to tap into alternative inventory sources when one segment of the supply chain is compromised.

-->Dependence on a single logistics management system or software platform poses risks of technological disruptions. Diversifying technology solutions and employing redundant systems can help ensure continuous data flow, order processing, and communication with partners even during system failures or cyber incidents. --> Mobile applications for inventory management allow real-time monitoring and decision-making from anywhere. Warehouse managers and logistics professionals can use mobile devices to access inventory data, track shipments, and make informed decisions on the go.

Leveraging advanced technology, such as blockchain, IoT, and cloud-based platforms, can help increase transparency, visibility, and agility in your supply chain operations. These tools can help you quickly track and monitor shipments, identify potential disruptions, and make informed decisions in real-time.

In my opinion, share information and collaborate with other companies in the industry to collectively address challenges and find solutions.

Most global events are predicted and have scheduled dates, like the upcoming Olympic Games, so the key is and always will be planning. No one knows your business, your market and your customers better than you, so evaluate all the scenarios and plan. Also plan for unforeseen events, as they always happen. There are factors, such as wars or climate disasters, that are unfortunately unpredictable. Based on that, always have a plan B. The key is planning. No magic answer, just plan it!

--Evaluate and secure appropriate insurance coverage to mitigate financial risks associated with disruptions. -->Cross-train employees to perform multiple roles, ensuring flexibility in workforce deployment during disruptions. -->Maintain relationships with multiple suppliers to reduce dependency on a single source. -->Have contingency plans for rerouting shipments or switching transportation modes in case of disruptions. -->Maintain safety stock levels to buffer against unexpected demand spikes or supply chain disruptions. -->Identify critical items and establish inventory buffering strategies to minimize the impact of shortages

1) Communicate - communicate with stakeholders, keep them updated on the situation, align on expectations, discuss order priorities, work with suppliers to understand their situation and the impact on supply chain, with forwarders on shipment visibility, with customers on their orders, inventory levels, demand forecasts. Decide and agree on what, how and when info will be shared 2) Develop what if scenarios, assess risk, build contingency plans. 3 Monitor, adapt and act.

In the period of corona we were faced shortage for some items during very limited space at the shipping line result of increase the demand more than the production after long search at the local market we found alternative.. The local supplier or local manufacturer is most powerful solution usually .