{"id":859,"date":"2018-01-16T14:15:54","date_gmt":"2018-01-16T19:15:54","guid":{"rendered":"http:\/\/jschaeffer.us\/sandbox\/airgasthinks\/?p=859"},"modified":"2022-06-06T18:08:55","modified_gmt":"2022-06-06T22:08:55","slug":"go-global-trends-in-cross-border-supply-chains","status":"publish","type":"post","link":"http:\/\/jschaeffer.us\/sandbox\/airgasthinks\/go-global-trends-in-cross-border-supply-chains\/","title":{"rendered":"Go Global: Trends in Cross Border Supply Chains"},"content":{"rendered":"<div class=\"m-entry__feedback\"><div class=\"m-feedback-prompt\">\n\t\t  <h4 class=\"m-feedback-prompt__header\">Was this article helpful?<\/h4>\n\t\t  <a href=\"#\" class=\"m-feedback-prompt__button m-feedback-prompt__social m-feedback-prompt__social_thumbsup yes\" data-analytics-link=\"feedback-prompt:yes\">\n\t\t    <i class=\"fa fa-thumbs-up\">&nbsp;<\/i>\n\t\t  <\/a>\n\t\t  <a href=\"#\" class=\"m-feedback-prompt__button m-feedback-prompt_form no\" data-analytics-link=\"feedback-prompt:no\">\n\t\t    <i class=\"fa fa-thumbs-down\">&nbsp;<\/i>\n\t\t  <\/a><br>\n\t\t  <div class=\"m-feedback-prompt__display m-feedback-prompt__social yes\">\n\t\t    <p class=\"m-feedback-prompt__text\">Awesome, share it:<\/p>\n\t\t    <a class=\"m-feedback-prompt__social--button p-button-social has-icon facebook fa fa-facebook\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/jschaeffer.us\/sandbox\/airgasthinks\/go-global-trends-in-cross-border-supply-chains\/\" onclick=\"javascript:window.open(this.href,\n  '', 'menubar=no,toolbar=no,resizable=yes,scrollbars=yes,height=600,width=600');return false;\">\n\t\t      <span class=\"p-button-social__social-text\">Share<\/span>\n\t\t    <\/a>\n\t\t    <a class=\"m-feedback-prompt__social--button p-button-social has-icon twitter fa fa-twitter\" href=\"https:\/\/twitter.com\/intent\/tweet?url=http:\/\/jschaeffer.us\/sandbox\/airgasthinks\/go-global-trends-in-cross-border-supply-chains\/&text=Go Global: Trends in Cross Border Supply Chains\" onclick=\"javascript:window.open(this.href,\n  '', 'menubar=no,toolbar=no,resizable=yes,scrollbars=yes,height=600,width=600');return false;\">\n\t\t      <span class=\"p-button-social__social-text\">Tweet<\/span>\n\t\t    <\/a>\n\t\t    <a class=\"m-feedback-prompt__social--button p-button-social has-icon googleplus fa fa-google-plus\" href=\"https:\/\/plus.google.com\/share?url=http:\/\/jschaeffer.us\/sandbox\/airgasthinks\/go-global-trends-in-cross-border-supply-chains\/\" onclick=\"javascript:window.open(this.href,\n  '', 'menubar=no,toolbar=no,resizable=yes,scrollbars=yes,height=600,width=600');return false;\">\n\t\t      <span class=\"p-button-social__social-text\">Google Plus<\/span>\n\t\t    <\/a>\n\t\t    <a class=\"m-feedback-prompt__social--button p-button-social has-icon linkedin fa fa-linkedin\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=http:\/\/jschaeffer.us\/sandbox\/airgasthinks\/go-global-trends-in-cross-border-supply-chains\/&title=Go Global: Trends in Cross Border Supply Chains\" onclick=\"javascript:window.open(this.href,\n  '', 'menubar=no,toolbar=no,resizable=yes,scrollbars=yes,height=600,width=600');return false;\">\n\t\t      <span class=\"p-button-social__social-text\">LinkedIn<\/span>\n\t\t    <\/a>\n\t\t  <\/div>\n\t\t  \t<div class=\"m-feedback-prompt__display m-feedback-prompt__form no\">\n\t\t  \t<div class=\"thanks feedback-nodisplayall\"><h2>Thanks!<h2><div class=\"m-contact\"><p>Thanks for getting in touch with us.<\/p><\/div><\/div>\n\t\t    <form id=\"contact-form\" class=\"new_support_request\" action=\"\" accept-charset=\"UTF-8\" method=\"post\">\n\t\t    <input type=\"hidden\" id=\"authenticity_token\" name=\"authenticity_token\" value=\"2585c87b6d\" \/><input type=\"hidden\" name=\"_wp_http_referer\" value=\"\/sandbox\/airgasthinks\/wp-json\/wp\/v2\/posts\/859\" \/>\n\t\t      <input value=\"http:\/\/jschaeffer.us\/sandbox\/airgasthinks\/go-global-trends-in-cross-border-supply-chains\/\" type=\"hidden\" name=\"currenturl\" id=\"currenturl\">\n\t\t      <input value=\"Go Global: Trends in Cross Border Supply Chains\" type=\"hidden\" name=\"currenttitle\" id=\"currenttitle\">\n\t\t      <label class=\"is-required\">Help us improve. Give us your feedback:<\/label>\n\t\t      <textarea class=\"p-input__textarea\" name=\"feedbackmessage\" id=\"feedbackmessage\"><\/textarea>\n\t\t      <label class=\"is-required\">Your Full Name:<\/label>\n\t\t      <input class=\"p-input__text\" type=\"text\" name=\"feedbackfullname\" id=\"feedbackfullname\">\n\t\t      <label class=\"is-required\">Your email address:<\/label>\n\t\t      <input class=\"p-input__text\" type=\"text\" name=\"mailinglistemail\" id=\"mailinglistemail\">\n\t\t      <div class=\"feedback-message\" id=\"feedback-message\"><\/div>\n\t\t      <div class=\"__submit\">\n\t\t        <input type=\"submit\" name=\"commit\" value=\"Submit\" class=\"p-button\" id=\"submit-contact-form\" data-analytics-link=\"feedback-prompt:submit\">\n\t\t      <\/div>\n\t\t\t<\/form>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t<\/div><p class=\"p1\"><span class=\"s1\">We have the ability to be connected all the time, from just about anywhere. And, this globalization provides opportunities to build efficiencies in your supply chain as well. However, being more connected also comes with its share of challenges. To benefit from globalization and worldwide interconnectivity, it is important to be prepared for the risks that come with it.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">In the past, it was common for manufacturers to source all of their materials locally from the same region. Logistics were complicated and shortages created an issue. Nowadays, supplies come from all over the United States and all over the world. Technological advancements have led to a much more efficient, streamlined and cost-effective supply chain. The U.S. Chamber of Commerce reports that increasing the efficiency of the supply chain directly translates to increased profits. And there\u2019s more, the global supply chain does not just benefit individual operations. It also leads to U.S. jobs and economic growth. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>What are the risks?<\/b><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">If this all sounds so good, so why isn\u2019t everyone doing it? As with just about everything, there are risks involved. Working with international suppliers across borders requires a lot of coordination and can lead to delays, which could result in significant costs. Also, regulations and country specific taxes are things to consider. According to the study, <a href=\"http:\/\/www.scmr.com\/article\/managing_risk_in_the_global_supply_chain\"><span class=\"s2\"><i>Managing Risk in the Global Supply Chain<\/i><\/span><\/a>, 90 percent of the businesses surveyed do not measure supply chain risk when outsourcing production. \u201cThe visibility of material movement and control of the supply chain becomes even murkier in the global environment, which puts firms\u2019 global supply chains at greater risk,\u201d said Paul Dittmann, the author of the study. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">All supply chain professionals face risks such as quality and safety challenges; supply shortages; legal, security, regulatory and environmental compliance; weather and natural disasters; and terrorism. However, companies with global supply chains face an addition potential for risk, including:<\/span><\/p>\n<ul class=\"ul1\">\n<li class=\"li1\"><span class=\"s1\">The longer lead times needed in the global environment<\/span><\/li>\n<li class=\"li1\"><a href=\"http:\/\/jschaeffer.us\/sandbox\/airgasthinks\/helium-shortage\/\"><span class=\"s1\">Supply disruptions due to global customs<\/span><\/a><\/li>\n<li class=\"li1\"><span class=\"s1\">Foreign regulations and port congestion<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">Political and\/or economic instability in a source country<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">Changes in economics such as exchange rates<\/span><\/li>\n<\/ul>\n<p class=\"p1\"><span class=\"s1\"><b>Managing the risks<\/b><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">An effective risk management process for the supply chain can help companies avoid missed customer commitments, stock outs, reduced earnings, higher inventory levels, increased time-to-market cycles, reductions in product quality, and negative impacts to brand perception. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Today, the number one strategy to mitigate supply chain risk is to choose financially strong and competent suppliers. And while that does take some risk out of the equation, there are six key actions every business that relies on a global supply chain should do internally to help protect themselves and ensure stability and resilience long term. <\/span><\/p>\n<ul class=\"ul1\">\n<li class=\"li1\"><span class=\"s1\"><b>Collaboration<\/b>. Supply chain leaders need to drive their organization to collaborate effectively across supply chain disciplines, business functions, and with strategic suppliers, customers and carriers. <\/span><\/li>\n<li class=\"li1\"><span class=\"s1\"><b>End-to-end Thinking<\/b>.<span class=\"Apple-converted-space\">&nbsp; <\/span>Understand that changes in one aspect of the system impact other aspects of the system. <\/span><\/li>\n<li class=\"li1\"><span class=\"s1\"><b>Total Value-based Analytics<\/b>. While pretty much every business includes safety, cost, quality, reliability and customer service elements in supply chain measures, optimized supply chains take their scorecards one step further. Their analytics measures include the value of inventory, quality and responsiveness. In addition, they take into consideration overall supply chain time, material cycle time, production cycle time, and new initiative launch timing. <\/span><\/li>\n<li class=\"li1\"><span class=\"s1\"><b>Custom Tools, Systems and Data<\/b>. Within the supply chain, each business unit needs to have the proper tools in place and access to the appropriate data to communicate, and solve problems. <\/span><\/li>\n<li class=\"li1\"><span class=\"s1\"><b>Rely on Experts. <\/b>Leading supply chains collaborate with external partners across virtually every element of the supply system. They realize the global supply chain is very complex and requires the expertise and creativity from external partners to win in the marketplace. <\/span><\/li>\n<li class=\"li1\"><span class=\"s1\"><b>Strategic Sales and Operations Planning (S&amp;OP)<\/b>. Businesses with an effective S&amp;OP are better at supply and demand, leading to reduced inventory, better customer service and increased manufacturing efficiencies.<span class=\"Apple-converted-space\">&nbsp; &nbsp;<\/span><\/span><\/li>\n<\/ul>\n<p class=\"p1\"><span class=\"s1\">As the scope of the business and, in turn, the supply chain enlarges, so does exposure and risk. And, that risk is unavoidable. Know the risks involved specific to your operation and collaborate internally and externally with your suppliers to create an effective risk management plan. Global supply chains will only continue to grow more intricate and essential in order to stay competitive with the changing market. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Was this article helpful? &nbsp; &nbsp; Awesome, share it: Share Tweet Google Plus LinkedIn Thanks!Thanks for getting in touch with &hellip; <a href=\"http:\/\/jschaeffer.us\/sandbox\/airgasthinks\/go-global-trends-in-cross-border-supply-chains\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":5,"featured_media":860,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false},"categories":[23],"tags":[],"yst_prominent_words":[551,567,568,563,562,565,557,561,558,566,553,552,554,559,564,465,560,158,556,555],"_links":{"self":[{"href":"http:\/\/jschaeffer.us\/sandbox\/airgasthinks\/wp-json\/wp\/v2\/posts\/859"}],"collection":[{"href":"http:\/\/jschaeffer.us\/sandbox\/airgasthinks\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/jschaeffer.us\/sandbox\/airgasthinks\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/jschaeffer.us\/sandbox\/airgasthinks\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"http:\/\/jschaeffer.us\/sandbox\/airgasthinks\/wp-json\/wp\/v2\/comments?post=859"}],"version-history":[{"count":4,"href":"http:\/\/jschaeffer.us\/sandbox\/airgasthinks\/wp-json\/wp\/v2\/posts\/859\/revisions"}],"predecessor-version":[{"id":1667,"href":"http:\/\/jschaeffer.us\/sandbox\/airgasthinks\/wp-json\/wp\/v2\/posts\/859\/revisions\/1667"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/jschaeffer.us\/sandbox\/airgasthinks\/wp-json\/wp\/v2\/media\/860"}],"wp:attachment":[{"href":"http:\/\/jschaeffer.us\/sandbox\/airgasthinks\/wp-json\/wp\/v2\/media?parent=859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/jschaeffer.us\/sandbox\/airgasthinks\/wp-json\/wp\/v2\/categories?post=859"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/jschaeffer.us\/sandbox\/airgasthinks\/wp-json\/wp\/v2\/tags?post=859"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"http:\/\/jschaeffer.us\/sandbox\/airgasthinks\/wp-json\/wp\/v2\/yst_prominent_words?post=859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}