Navigating Supply Chain Complexities – Executive Insights with Steve Kranig
Executive Insights is a series by Shipping and Freight Resource that provides ongoing insights and thoughtful analysis..
This series features selected individuals from the industry and is aimed at enriching the knowledge of the readers with what is happening in the shipping, freight, maritime, logistics, and supply chain industry..
Executive Insights also gives you a chance to pick the brains of these industry veterans, leaders, and enablers..
In this edition of Executive Insights, we caught up with Steve Kranig, Director of Logistics IM-EX Global Inc., about navigating supply chain complexities..
Synopsis of the webinar on the future of global supply chains
The latest WTO statistics say that world trade is expected to fall by between 13% and 32% in 2020 as the COVID 19 pandemic disrupts normal economic activity and life around the world. A resilient supply chain is essential to ensure a strong global trade.
Our survey on the impact of COVID-19 pandemic on the supply chain industry revealed how vulnerable the industry was with the results showing that 35% of the market was totally unprepared for it and 59% of the market was severely impacted by it.
Based on these results, on the 4th of June 2020, we organised a Webinar sponsored by Ocean Insights on how the future of global supply chains would look.
This webinar, hosted by Eric Johnson, Senior Technology Editor of the JOC featured Steve Kranig of IM-EX Global, Inc., Pritam Banerjee of Asian Development Bank and Robin Jaacks of Ocean Insights as panelists.
For those of who missed out on this insightful and informative webinar, here is a synopsis of what was discussed.
4 industry executives look into the future of global supply chains
COVID-19 is probably the world’s most disliked word currently due to the rampant economic disruption it has wreaked on the world. All countries and all businesses around the world have been affected by this pandemic.
The supply chain industry is one industry that has also been affected severely. The industry has seen a massive drop in volumes, congestion both on land and at sea, job losses etc, although ironically this is one of the industries that has and is helping to fight this pandemic through its movement of essential goods like medical supplies, food and PPE.
At the end of March 2020, we set up a short survey sponsored by Ocean Insights to analyse the impact of the pandemic on the industry and its preparedness.
12,000 clicks of that survey and the analysis and a 95% engagement rate told us that in times of strife, people want to come together, understand what is going on and help each other out of this situation.
So, we got together a team of executives to discuss these issues in a webinar moderated by an equally celebrated and astute industry journalist.
Investing in freight technologies – are you ready..??
COVID-19 has created an unprecedented disruption in the global supply chain.. 67% of supply chain professionals say that investing in freight technologies is the only way forward.. Take this quick 5-minute survey to check your readiness..
How to mitigate your losses and achieve cost saving
The world is in the midst of the COVID-19 pandemic and the global economy has been greatly hit due to this. You may agree that during such time, it’s important more than ever to find ways for saving costs and take all measures possible to safeguard your business.
As a small or midsize business, there is no doubt that you are familiar with the stress of operating on tight margins, and you know how valuable even a small percentage of cost-savings can be to your bottom line.
However, what many small businesses don’t realize, is that their supply chain – particularly when it comes to imports – can be a significant source of cost savings!
42% will change supply chain strategies post COVID-19 – Impact Survey
Global Supply Chains are very important in linking various countries to international markets facilitating global trade.. Modern day supply chains come with great opportunities but also pose some challenges which can test some of the best built and run supply chains..
One such challenge that is testing the world currently is the COVID-19 pandemic which came into limelight in December 2019.. This pandemic which has spread to every country around the world has caused/is causing major economic and social disruptions with far reaching impacts on global supply chains..
To understand the impact of this pandemic on the supply chain, we conducted a survey to measure the effect and impact of the coronavirus pandemic on global supply chains.. It collected and analyzed data on three key aspects – Impact, Preparedness, and Recovery..
Here are the results of this survey..
COVID-19 Pandemic – Supply Chain impact survey and results
If you are from the Supply Chain industry and are active in global shipping and logistics we need your assistance and professional insights..
As we have seen, the COVID-19 pandemic that came into the limelight in December 2019 has now spread to every country around the world.. This has caused major economic and social disruptions with far reaching impacts on global supply chains..
In order to achieve a unified approach and to help the community/industry understand and fight the pandemic, we need your assistance and professional insights.. Your insights will help us to help you in understanding more about the pandemic and how we as an industry can all work together to get through this pandemic as soon as possible..
We have set up a short survey sponsored by Ocean Insights – The Container Tracking Data Provider to analyze the Impact on the industry and its Preparedness to the COVID-19 pandemic.. Your responses to the survey are imperative in determining the way forward for global supply chains..
Difference between Maritime, Shipping, Freight, Logistics and Supply Chain
To the uninitiated (which included me at one stage), these industries are same or similar and it might come across that there is no difference between Maritime, Shipping, Freight, Logistics and Supply Chain ..
But once you are involved in the business or know about these businesses, you will very soon understand that these are very different industries with different workings, assets, architecture, requiring very different sets of qualifications, experience, expertise, knowledge and attitudes..
In this article I unpack the difference between Maritime, Shipping, Freight, Logistics and Supply Chain and how it is all connected..
South Africa, Brazil, India, UK and Mexico top the list of countries for cargo theft in 2019
Cargo theft can occur anywhere along the supply chain, affecting local logistics, transporters, storage yards, groupage operators, LCL consolidators, ports, depots, terminals, insurance, carriers and freight forwarders equally..
BSI Supply Chain Services and Solutions and TT Club have come together again to release the BSI & TT Club Cargo Theft Report 2020 which covers a detailed report of cargo theft and associated activities in the full year of 2019..
Executive Insights with the Supply Chain Queen – Sheri Hinish
Executive Insights is a series by Shipping and Freight Resource that provides ongoing insights and thoughtful analysis enriching the knowledge of the readers with what is happening in the shipping, freight, maritime, logistics and supply chain industry..
Executive Insights is also a chance to pick the brains of industry veterans, leaders and enablers..
In this edition of Executive Insights, we caught up with Sheri Hinish – self proclaimed Supply Chain nerd, Executive Advisor and Thought Leader, IBM Futurist, Influencer in Supply Chain, Sustainability, Innovation, and Leadership and of course SupplyChainQueen®..