Technology promises to revolutionize the way supply chains are managed. However, in-depth knowledge and creative problem solving can enable significant supply chain innovations without the need for new technology.
By Roberto Perez-Franco
Award Recognizes His Achievements in Supply Chain Risk Management
CAMBRIDGE, Mass., March 2, 2017 – Jim Rice, Deputy Director of the MIT Center for Transportation & Logistics (MIT CTL), has received the Supply Chain Resiliency Educator of the Year award from the Global Supply Chain Resiliency Council. The award was presented at the Council’s annual conference on March 1, 2017, in Silicon Valley, CA.
Unique Learning Experience in Asia, Europe and North America
CAMBRIDGE, U.S.A., NINGBO, CHINA, ZARAGOZA, SPAIN, March 1, 2017 – The MIT Global SCALE (Supply Chain and Logistics Excellence) Network has launched the MIT-Zaragoza-Ningbo Master of Engineering in Logistics and Supply Chain Management program, or 3C Master’s Program, that gives students a unique opportunity to complete their studies in three continents: Asia, Europe, and North America.
Distribution networks are the conduits that connect companies with their customers, so it is hardly surprising that the way these networks are designed has a critical impact on cost and customer service.
Companies commonly use mathematical optimization models to arrive at the best network design, but this approach is flawed in one key respect — it does not take into account changing market conditions during the several years it can take to complete a design project. This is particularly onerous in developing economies where markets tend to be extremely changeable.
Luxembourg, 15 February 2017 – Registration is open for the new Master in Logistics and Supply Chain Management offered by the University of Luxembourg in collaboration with the Massachusetts Institute of Technology (MIT), with merit-based scholarships introduced for the inaugural cohort of students starting with the winter semester 2017-2018. Registration is open until 1 April 2017.
Politicians are often taken to task for making election promises they fail to keep once elected. Candidates should be held accountable for the policies they advocate when campaigning for votes. However, delivering on the bluster that politicians often espouse during the heat of an electoral battle can do more harm than good.
President Trump’s stance on trade between the U.S. and Mexico is a striking example. During the presidential election, he vowed to stop jobs being exported to Mexico and to correct what he regards as an unacceptable trade imbalance between the two countries.
UPS is the largest delivery company on the planet, flying more than 500 jets in a mission to serve a customer base that topped 8 million last year.
Operating at a similar scale is the U.S. Postal Service, which delivered 154 billion pieces of mail in 2015 using 215,000 vehicles. At that scale, the postal service is one of the largest civilian fleets in the world.
There are many innovations and societal changes such as robotics, autonomous vehicles, and the sharing economy that could shape the future of supply chains. But none of these developments is likely to transform the way manufacturing and supply chains are managed more than additive manufacturing, commonly known as 3D printing.
While the concept of additive manufacturing is not new, the technology has become good enough that it is starting to be applied at scale.
Companies have come a long way in their ability to manage supply chain risk, but they urgently need to step up their efforts in one key area: the threats posed by water scarcity.
The Carbon Disclosure Project’s (CDP) 2016 Annual Report of Corporate Water Disclosure, published in November 2016, provides a wake-up call. A total of 607 of the world’s largest global companies submitted data about their efforts to manage and govern freshwater resources — the largest response in the report’s seven-year history.
When the Massachusetts Institute of Technology piloted its first online master’s degree in Supply Chain Management last year, Danaka Porter thought it was exactly what she needed to boost her career.
"I found that people were a little bit more respected once they had their master's because it was like they had taken that next step to go a little bit further," Porter said.
The 30-year-old business consultant from Vancouver, British Columbia, said she simply couldn't afford to stop working to become a student again.
Strategy + Business Magazine named Dr. Yossi Sheffi's book, The Power of Resilience one of the best business strategy books of 2016.
Why is it that most of the micro and small firms that represent 99% of the businesses operating in Latin America survive for less than a year? One of the main reasons is a lack of supply chain expertise – an issue that has received scant attention from researchers up until now. This knowledge gap is being addressed by a new research project from the MIT Global SCALE Network, that involves on-site research at some 500 enterprises across Latin America in collaboration with at least 14 of the region’s top universities.
The World Health Organization estimates that nearly half of the world’s population is at risk for malaria, a life-threatening, but ultimately curable and preventable disease spread by mosquitos.
Malaria rapid diagnostic tests are an important part of the fight against the disease, but according to new research from MIT, supply chain challenges keep these tests from making it onto clinic shelves, putting patients at risk of misdiagnosis, which over time can lead to antibiotic resistance.
Companies are presented with many opportunities when they decide to enter a new market. Venturing into unfamiliar territory offers a unique chance to innovate and make changes that benefit the business as a whole. One of PepsiCo’s growth strategies is to proactively adapt to emerging market trends for natural, healthy, and nutritious beverages. The strategy makes the company’s supply chain more global and complex. It also presents new challenges and risks.
In October 2015, MIT launched the MITx MicroMasters credential, which enables online learners to take a semester’s worth of master’s-level courses on the edX platform, then complete a master’s degree in a single full semester on campus at MIT.
Six MIT graduate students, one undergraduate, and a recent alumnus have accepted Fulbright U.S. Student Program awards to conduct independent research projects during the coming year. Humanitarian Response Lab alum Emily Gooding graduated from MIT this spring with an MS in technology and policy.
A widely used method for mitigating supply chain risk is multi-sourcing — using more than one vendor to supply specific items. But there are significant risks to consider. Not keeping all of your eggs in one supply basket is an appealing strategy to increase supply chain resilience. But it’s not always effective.
Every day, automobiles equipped with increasingly sophisticated autonomous driving technologies are coursing onto the world’s roadways. There is a remarkable amount already known about the capabilities of these technologies, even in the face of unpredictable driving situations. But in addition to the road, these systems must interact with something far more complex: the driver, who is rapidly becoming a part-time passenger in his or her own car.
By Chris Creyts and Nora Weisskopf, SCM class of 2016. In response to the growth of their e-commerce businesses, many retailers are looking for ways to reduce the supply chain costs associated with internet orders. Some retailers are starting to look upstream in their supply chains, and are requesting that manufacturers fulfill orders via drop shipping. The change in delivery practices creates a number of key issues, including the potential for impacting per-unit distribution costs for manufacturers.
Lombard, Illinois USA (June 23, 2016) -- Chris Caplice, executive director of the MIT Center for Transportation and Logistics, will receive the Council of Supply Chain Management Professionals' (CSCMP) 2016 Distinguished Service Award. He will be presented with the award during the Opening General Session at CSCMP's Annual Conference in Orlando, Florida on Monday, September 26, 2016.
According to surveys, no matter the age, American drivers see potential benefits in autonomous vehicles, but they want to be sure the technology works. Safety features and the ability to manually intervene with the vehicles' self-driving technology are concerns for potential drivers. AgeLab’s (New England University Transportation Center Director) Joe Coughlin and The Hartford’s Jodi Olshevski discuss findings from their study showing age may matter less than we think in driverless car technology adoption.
By Jarrod Goentzel and Fredrik Eng Larsson. About 90% of world trade is carried by sea, so you might imagine that being able to track the status of ocean shipments accurately and in real time would be a critical goal for companies looking to improve the management of their supply chains. Yet this operational Holy Grail remains elusive, despite advances in information technology.
A Scandinavian courier company, PostNord AB, and supermarket chain, ICA AB, are testing the new service with about 20 households in the Swedish capital, promising that messengers will remove their shoes and unpack online deliveries, even when customers are away. The pioneering service hinges on a new add-on lock, which customers must install on their doors and which messengers can open with their smartphones. Made by Swedish startup Glue AB, the lock allows residents to decide remotely when to allow access to their homes.
Humanitarian Response Lab co-hosts Health and Humanitarian Logistics Conference. The main objective of the conference is to interactively discuss the opportunities and challenges in the sector in an open, neutral platform. Health and humanitarian related topics such as disaster preparedness and response, long-term development and humanitarian aid, and global health delivery are examined from the non-governmental, corporate, governmental, and academic perspectives.
MIT Office of Digital Learning-- The second in a new series of open online courses, part of MIT's MicroMaster’s program in supply chain management, is open for enrollment. The field of supply chain management (SCM) is on the rise. For organizations, the logistics behind moving products from factories and warehouses to storefronts and doorsteps across the globe is critical.