In an average year, 134 strong earthquakes (magnitude 6.0 to 6.9 on the Richter scale) and 17 major or great earthquakes (magnitude of 7.0 or greater) take place around the world. Although many strike remote and less-developed sections, some hit major centers of economic activity. When they hit, they expose the vulnerability of global supply chains.
Every day, logistics professionals learn on the job. The mix of challenges they face managing extended global supply chains ensures that. But, attaining a more formal education — through classroom work, workshops, or study courses — presents a different set of challenges.
The economic downturn has affected program enrollment at universities and logistics/supply chain management professional associations. In difficult times, companies cut travel and education budgets.
While the potential for a unified global policy on carbon footprint is still many years down the road there has been an accelerated convergence in voluntary corporate reporting of greenhouse gas emissions.
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Edgar Blanco, along with team members Leo Bonanni and Ignacio Castro, won first place in the Web/IT track of the 100K Executive Summary Contest. Their venture, Sourcemap Inc., enables supply chain transparency. It is a cross-platform social networking system connecting suppliers at every level of a supply chain, so that they can share environmental information all the way to the retail customer.
Professor Yossi Sheffi was awarded an honorary doctorate by the University of Zaragoza and was presented with it by the Rector Manuel López on February 11th at the Paraninfo of the University. During his ceremony speech, Professor Sheffi presented his newest research (on logistics clusters), which was inspired by the success of PLAZA and the other logistics activities in Aragón.
Georgia Tech, MIT create Panama institutes aimed at helping improve human, infrastructure capacity in Latin America.
Georgia Tech’s Supply Chain and Logistics Institute in early September opened a Logistics Innovation and Research Center in Panama to help the government turn the Central American nation into a top-flight intercontinental trade hub.
Robert Hill and his daughter Cathy McArthur are in the midst of a classically fierce clash. Like many Americans with aging parents, McArthur doesn't think it's safe for her 84-year-old father, who has Parkinson's disease, to drive anymore. "We have a disagreement. If it doesn't go away, and I'm not able to drive, I will leave the country," said Hill. "I'll go to a country where they don't have driver's licenses. If I have to go to Nigeria, or some place like that, I'll go."
If each freight shipment en route worldwide in a single day – by highway, rail, air, and sea – were a point of light, our planet would appear as an incredible snarl of illuminated string. The global economy is in constant motion as a rapidly evolving, changing, and inter-related system. Supporting this vast network of shipments is a highly sophisticated infrastructure directing and tracking the movement of goods via the Internet, underlying and enabling the new worldwide marketplace.
U.S. brands should begin developing dual supply chains to enhance fulfillment capabilities, lower their carbon footprint and prepare for changes in China, an expert in supply chain risk management from Massachusetts Institute of Technology (MIT) told an audience at Outdoor Retailer Winter Market last month. By 2030, specialty manufacturing will be back in the Western Hemisphere and maybe even in the United States,” predicted Dr. Bruce C. Arntzen, Senior Research Director for the Center for Transportation and Logistics at MIT.
Tackling distracted driving is a matter of national debate, but few would expect six home-schooled children from Londonderry, N.H., to propose a solution so promising they’ve already met with President Obama and Transportation Secretary Ray LaHood.
The Inventioneers, as they call themselves, comprise two families of siblings, ages 10 to 16: T.J., Jaiden and Bryeton Evarts, and Paige, Emily and Kate Balcom. Their motto, appropriately, is “inventing to save lives.”
Rozanne Puleo and Lisa D'Ambrosio Research fellow and research scientist, MIT Agelab
Cambridge, Massachusetts, use a suit called AGNES (the age gain now empathy system) to research the changing needs of boomers.
Finding the talent to fill supply chain positions will be a top issue in 2011.
Although unemployment is expected to remain stubbornly high in 2011, tackling the issue of talent shortages will figure highly on the to-do lists of senior supply chain managers over the next year and beyond. And leading educators will step up to the plate to help the industry develop a more effective talent pipeline.
Major changes underway in supply chain thinking can improve company profitability. To participate in this fundamental transformation, MIT Senior Lecturer Jonathan L.S. Byrnes says supply chain managers need to take three important steps.
Supply chain management is a relatively young discipline, yet it is already undergoing significant changes. These changes stem from two important developments that are connected with the shift from logistics to the more comprehensive discipline of supply chain management:
Hiring next year will heat up in several fields, including one with a decidedly unglamorous image: supply chain management.
Everybody has heard by now that health care companies are promising hunting grounds for job seekers, and the New Year will see hiring perk up elsewhere, too.
But when you think of fields where there just aren't enough skilled candidates to go around, one that probably doesn't come to mind is supply chain management: The complicated, behind-the-scenes work of getting goods from one place to another, on time and on budget.
An aging population brings with it a new set of demands — such as the need to ensure safety among older drivers. As the Baby-Boomer generation begins reaching retirement age, this seems likely to become a growing concern. Joseph Coughlin, the founder and director of MIT’s AgeLab, and director of the New England University Transportation Center, testified this week in Washington at a forum on aging and driving held by the National Transportation Safety Board.
AgeLab study: Driver-assistance systems can increase wellness and safety behind the wheel
Any driver knows it can be hard to remain calm behind the wheel. But perhaps high-tech tools can help. A new study by MIT researchers, announced Thursday, suggests that driver-assistance technologies lower the amount of stress people feel when behind the wheel.
Yossi Sheffi, a professor at the Massachusetts Institute of Technology and director of the school's Center for Transportation and Logistics, discusses the outlook for air cargo security following last week's discovery of explosive devices in packages. Greek police detonated a parcel bomb addressed to the French Embassy in Athens today and are investigating at least two more packages, the latest in a spate of mail bombings targeting embassies and European leaders. Sheffi speaks with Mark Crumpton on Bloomberg Television's "Bottom Line."
Yossi Sheffi (Elisha Gray II professor of engineering systems and civil & environmental engineering, director of the MIT Engineering Systems Division, and director of the Center for Transportation and Logistics) will be featured in an upcoming episode of the CNBC series Executive Vision. The series, now in its second season, is a "global strategy session" in which host Simon Hobbs and a panel of renowned experts and leaders discuss provocative issues affecting major business sectors.
Joseph F. Coughlin is the founder and director of the AgeLab at Massachusetts Institute of Technology and leads the New England University Transportation Center. He is co-editor, with Lisa D’Ambrosio, of the forthcoming book "Aging America and Transportation."
When a Vermillion Oil platform exploded in the Gulf of Mexico early last month, the event extended a raging debate over deep-water drilling that started last April with the BP Deepwater Horizon catastrophe. While the environmental consequences and billions of dollars in costs to clean up these spills hold immense consequences, there is another, overlooked dimension to the debate: the vulnerability of the country’s ports to such calamities.
A study of the U.S. port system under way at the Massachusetts Institute of Technology Center
On October 13, 2010, an alliance between the Discovery Channel and Quo science magazine (Mexico) had an event to celebrate "Quo+Discovery Minds." This is a nationwide search for the most innovative ideas and projects developed by Mexican citizens in the last 10 years.
New England Center Researchers Awarded IEEE Best Paper CTL AgeLab student Ji Hyun (MIT PhD '08) and co-authors Zhi-Hong Mao, Louis Tijerina, Tom Pilutti, Joseph F. Coughlin and Eric Feron won the IEEE Systems, Man & Cybernetics Society (SMCS) Andrew P. Sage Best Transactions Paper Award for their article, "Detection of driver fatigue caused by sleep deprivation."
A recent study by Vinod Singhal of Georgia Tech and Yossi Sheffi of MIT indicates that companies experiencing a supply chain disruption suffered between a 33% and 40% decline in stock price, compared with industry peers over a three year period.
Supply chain managers are uniquely positioned to consider - and benefit from - sustainability initiatives. Edgar Blanco of the MIT Center for Transportation & Logistics says there are four key opportunities.
The operation and management of today's global supply chain continues to challenge executives worldwide. The supply chain experts interviewed here identified about a dozen trends currently under study, offering a peak into what could affect supply chains in the near future.