Posts in hanjin

How to Handle Increasing Type & Frequency of Supply Chain Events

April 3, 2017 Posted by BANKRUPTCY, crisis management, hanjin, mobile SCRM, Multi-tier Mapping, proactive risk mitigation, solution partner, Supply Chain Resiliency, Supply Chain Risk Management, Supply Chain Visibility 0 thoughts on “How to Handle Increasing Type & Frequency of Supply Chain Events”

It is one thing to read the news to keep up with current events, but how do you know which events are relevant risks to operational performance? Are you hearing about events from other coworkers, suppliers, or even customers days after they have happened? Some events receive an immense amount of news coverage that later reveal little-to-no business impact. However, the most troubling are events with little to no coverage that end up causing industry-wide shut downs. Today we will look at specific examples of both, and what you can do to focus your time and attention on the “right” events.

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Hanjin Bankruptcy: Ripple Effect from Shipping into SC

October 26, 2016 Posted by BANKRUPTCY, crisis management, hanjin, mobile SCRM, Multi-tier Mapping, proactive risk mitigation, solution partner, Supply Chain Resiliency, Supply Chain Risk Management, Supply Chain Visibility 0 thoughts on “Hanjin Bankruptcy: Ripple Effect from Shipping into SC”

Just over a month ago, Hanjin Shipping Co, the world’s 7th largest shipping and Logistics Company in the world, filed for receivership on August 31, 2016. Hanjin Shipping Co. bankruptcy caused a major impact not just to logistics and shipping, but to the underpinning global supply chain and its sourcing operations. It has left nearly 80 ships with almost 500,000 containers offshore, with goods worth over $14 billion marooned at sea. The event, considered one of the biggest bankruptcies ever filed by a shipping company, has a disruptive domino effect on the supplier-dense regions of the world, in turn affecting supplier health and sourcing operations.

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