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Build resilience in your supply chain with strategies to adapt to dynamic markets. This book covers essential principles and practices for maintaining supply chain robustness and flexibility in the face of changing market conditions.
Rapid changes in technological development are forcing businesses to continuously innovate to improve their competitiveness, which is particularly evident in logistics and supply chain management (SCM), where innovation impacts both the strategic and operational levels. Supply Chain Innovation for Competing in Highly Dynamic Markets: Challenges and Solutions investigates the role of innovation in the management of supply chains of today. This book focuses on supply chain integration from both strategic and operational perspectives and the impact of information technology-related innovation in supply chain and logistics service industries. It also analyzes how environmental innovation affects logistical decisions throughout the supply chain and the strategies employed in managing logistics-related environmental impacts. Finally, the book explores theoretical and practical implications of innovation in the management of supply systems.
Stories from Nokia, Dell, UPS, Toyota, and other companies show how firms can reduce their vulnerability to high-impact distributions, from earthquakes to strikes, from SARS to terrorism, and use them for competitive advantage. What happens when fire strikes the manufacturing plant of the sole supplier for the brake pressure valve used in every Toyota? When a hurricane shuts down production at a Unilever plant? When Dell and Apple chip manufacturers in Taiwan take weeks to recover from an earthquake? When the U.S. Pacific ports are shut down during the Christmas rush? When terrorists strike? In The Resilient Enterprise, Yossi Sheffi shows that companies' fortunes in the face of such business shocks depend more on choices made before the disruption than they do on actions taken in the midst of it—and that resilience benefits firms every day, disaster or no disaster. He shows how companies can build in flexibility throughout their supply chains, based on proven design principles and the right culture—balancing security, redundancy, and short-term profits. And he shows how investments in resilience and flexibility not only reduce risk but create a competitive advantage in the increasingly volatile marketplace.Sheffi describes the way companies can increase security—reducing the likelihood of a disruption—with layered defenses, the tracking and analysis of “near-misses,” fast detection, and close collaboration with government agencies, trading partners, and even competitors. But the focus of the book is on resilience—the ability to bounce back from disruptions and disasters—by building in redundancy and flexibility. For example, standardization, modular design, and collaborative relationships with suppliers (and other stakeholders) can help create a robust supply chain. And a corporate culture of flexibility—with distributed decision making and communications at all levels—can create a resilient enterprise.Sheffi provides tools for companies to reduce the vulnerability of the supply chain they live in. And along the way he tells the stories of dozens of enterprises, large and small, including Toyota, Nokia, General Motors, Zara, Land Rover, Chiquita, Aisin Seiki, Southwest Airlines, UPS, Johnson and Johnson, Intel, Amazon.com, the U.S. Navy, and others, from across the globe. Their successes, failures, preparations, and methods provide a rich set of lessons in preparing for and managing disruptions. Additional material available at www.TheResilientEnterprise.com.
In today's rapidly changing business environment, strong influence of globalization and information technologies drives practitioners and researchers of modern supply chain management, who are interested in applying different contemporary management paradigms and approaches, to supply chain process. This book intends to provide a guide to researchers, graduate students and practitioners by incorporating every aspect of management paradigms into overall supply chain functions such as procurement, warehousing, manufacturing, transportation and disposal. More specifically, this book aims to present recent approaches and ideas including experiences and applications in the field of supply chains, which may give a reference point and useful information for new research and to those allied, affiliated with and peripheral to the field of supply chains and its management.
Resilient supply chains are crucial to maintaining the consistent delivery of goods and services to the American people. The modern economy has made supply chains more interconnected than ever, while also expanding both their range and fragility. In the third quarter of 2017, Hurricanes Harvey, Irma and Maria revealed some significant vulnerabilities in the national and regional supply chains of Texas, Florida, the U.S. Virgin Islands, and Puerto Rico. The broad impacts and quick succession of these three hurricanes also shed light on the effectiveness of the nation's disaster logistics efforts during response through recovery. Drawing on lessons learned during the 2017 hurricanes, this report explores future strategies to improve supply chain management in disaster situations. This report makes recommendations to strengthen the roles of continuity planning, partnerships between civic leaders with small businesses, and infrastructure investment to ensure that essential supply chains will remain operational in the next major disaster. Focusing on the supply chains food, fuel, water, pharmaceutical, and medical supplies, the recommendations of this report will assist the Federal Emergency Management Agency as well as state and local officials, private sector decision makers, civic leaders, and others who can help ensure that supply chains remain robust and resilient in the face of natural disasters.
This open access book explores supply chains strategies to help companies face challenges such as societal emergency, digitalization, climate changes and scarcity of resources. The book identifies industrial scenarios for the next decade based on the analysis of trends at social, economic, environmental technological and political level, and examines how they may impact on supply chain processes and how to design next generation supply chains to answer these challenges. By mapping enabling technologies for supply chain innovation, the book proposes a roadmap for the full implementation of the supply chain strategies based on the integration of production and logistics processes. Case studies from process industry, discrete manufacturing, distribution and logistics, as well as ICT providers are provided, and policy recommendations are put forward to support companies in this transformative process.
Preliminary assessments of the cocoa value chain from using FAO's EX-ACT Value Chain tool show that it has a significant potential to improve farmer incomes while mitigating climate change. With a renovation and rehabilitation strategy of implementing cocoa shadow agroforestry in low-yielding old plantation areas, the mitigation impact of the value chain reaches approximately 146 million tCO2e in the next 20 years. This translates to a carbon footprint of – 5.6 tCO2e for every tonne of cocoa produced. Additionally, the gross income per farmer increases by almost 38 percent - up to USD 10.46 per working day by 2028. Most of the value-added coming from the upgraded scenario stems can be attributed to the producer – more than USD 1 billion in an aggregate value added of over USD 1.6 billion by 2028. Moreover, the cocoa value chain will create an additional 277 669 jobs, and increase the climate resiliency of almost 1.85 million hectares of landscape in Ghana.
Information technology and digitalization are closely related topics, and both are intrinsic to many aspects of modern life. One important area to which they have particularly close links is lifelong education. This book presents the proceedings of DMI 2023, the 2nd International Conference on Digitalization and Management Innovation, held as a hybrid event from 1 to 4 August 2023 in Seoul, South Korea. The theme of the conference was Building a New Ecology of Lifelong Education, and the aim of the conference was to enable experts and scholars worldwide to share and debate the latest ideas in digitalization and management innovation as related to this subject. The 47 papers included here were selected from over 150 submitted papers after a thorough peer review process carried out by expert reviewers. Topics covered include the modern management of big data; interdisciplinary applications of digitalization and management innovation; and organizational behavior in digital transformation, among others. Offering an up to date overview of many aspects of digitalization and management innovation, the book provides a range of global perspectives which will be of interest to all those working in related fields.
The intersection of corporate governance, financial performance, and long-term value creation is critical to effective sustainability in business. Effective corporate governance provides the framework for accountability and ethical decision-making, directly influencing a company's financial health and its capacity for long-term growth. Such tactics also ensure transparency and trust, enhancing financial performance by mitigating risks and optimizing resource allocation. Successful business operations involve long-term value creation, which involves investing in innovation, sustainability, and stakeholder relationships. Effective research into governance structures that support both immediate financial objectives and enduring value creation is necessary to ensure businesses thrive and achieve a sustainable future. Intersecting Corporate Governance, Financial Performance, and Long-Term Value Creation explores the convergence of corporate governance, finance, and value creation in business. It offers solutions for long-term business sustainability through various models of governance and banking and finance applications. This book covers topics such as energy engineering, Islamic finance, and sustainable development, and is a useful resource for business owners, government officials, finance professionals, engineers, scientists, academicians, and researchers.
In the contemporary landscape, the significance of business tourism has surged, drawing substantial attention from researchers in the realms of social and management sciences. Defined as an individual's travel outside their local town for business opportunities, transactions, enjoyment, and learning, business tourism has undergone notable shifts, especially in the wake of the COVID-19 pandemic. The book titled Shifts in Knowledge Sharing and Creativity for Business Tourism emerges as a solution to unravel the positive and negative impacts of the pandemic on business traveling, specifically addressing changes in the frequency of business tourism and its effects on employee learning and knowledge transfer skills. This book meticulously covers a spectrum of aspects related to the evolving landscape of business tourism post-COVID-19. Its objective is multifaceted: first, to underscore the importance of business tourism in the domains of social sciences and management sciences literature; second, to deepen the understanding of how business tourism facilitates learning across diverse theories and concepts through interactions with different cultures; third, to explore the transferability of knowledge learned in various places to domestic implementations; fourth, to enhance individual and organizational innovation and creativity skills catalyzed by business tourism; and fifth, to delve into the dynamics of tacit and explicit knowledge transfer in the post-pandemic business environment.