With the introduction of the Drug Supply Chain Security Act (DSCSA), all players within the pharmaceutical industry are confronting the challenge of implementing a serialized drug tracing system with little guidance on data standards, roles, or accountability.
In 2015 The Economist magazine famously dubbed blockchain technology “the trust machine” owing to its ability to create trust in business networks. This capability resonates strongly in the supply chain world, where a lack of trust is a major obstacle to high-level collaboration. The promise of blockchain may be fulfilled in time, but at present its progress is impeded by – ironically – a lack of trust in the technology.
In early January, 40 students from around the world landed in Cambridge, Massachusetts, to embark on their first semester at MIT. Though it was the first time they had set foot on campus, they weren’t new to MIT courses by any stretch.
Supply Chain Management Review interviews Chris Caplice, Executive Director of MIT Center for Transportation & Logistics.
When supply chain managers examine the global third-party logistics (3PL) marketplace this year, many industry analysts suggest that they take a “granular” view.
Mismatches between inventory records and stock have long plagued the retail industry. A system being developed by the MIT Media Lab that uses an aerial drone to read radio frequency identification (RFID) tags on product packaging, could provide one solution to this perennial problem.
Dubbed RFly, the system could also help to integrate warehouses and other storage facilities into digitized supply chains.
As we head into 2018, what potential disruptions do supply chains face and how can companies manage these risks over the coming year?
It’s impossible to know for sure how supply chains will be disrupted in 2018, but we can prepare for the worst by learning from the past. Disruptive events that occurred over the last several years fall into three broad categories of supply chain risk: Natural Catastrophes, Man-Made, and Economic. Let’s look at each type of risk and their impacts on supply chains.
1. Natural Catastrophes
NINGBO, CHINA, December 13, 2017 - Ningbo Supply Chain Innovation Institute China (NSCIIC) received competitive awards at the fifth Tencent Business School Development Forum in Beijing. The forum is a unique showcase for outstanding business education organizations in China. NSCIIC took the award for “The Outstanding Business Education Brand”. Several other top universities in China shared the honor with NSCIIC, including Guanghua School of Management at Peking University, and Fudan University.
Transportation is the second biggest global emitter of greenhouse gases (GHG), yet the logistics sector is often left out of the climate conversation. The 23rd Conference of Parties (COP23), a major annual forum for climate policy dialogue, recently moved transportation into the spotlight, paving the way for more proactive emissions reductions measures.
Millions of small, family-operated retailers known as nanostores are the main source of consumer packaged goods (CPG) for many consumers in Africa, Asia and Latin America. These mom-and-pop outlets have thrived by offering affordability as well as the right mix of items and convenience, and by gaining the trust of their customers. At the same time, however, the retail model they have created is far from efficient.
Can nanostores survive in the face of competition from large, more efficient retail chains?
Aging Americans are worth $8 trillion in economic activity but some companies are finding it a challenge to tap into the growing market. Author of "The Longevity Economy," Joseph Coughlin, joined CBSN to discuss how this growing demographic is influencing the American economy.
Technological innovation is advancing at a frantic pace, and it seems that every day we are reminded of the ever-widening gap between the technical skills that industry desperately needs, and the skills that current and prospective employees possess. MIT and other STEM universities are committed to giving students these tools
But there is another skills gap that receives less attention and which I believe is critically important, especially for students of engineering and science – the “soft” skills deficit.
Traditional “brick and mortar” retailers are disappearing in record numbers and many are close to drawing their last commercial breath.
The demise of well-known brands may be regrettable to some – but it’s not the end of the world.
While this period of disruption is traumatic for many people, it’s important to keep in mind that there is plenty of good news too. The structural changes that are redefining retailing as we know it also are creating new opportunities for entrepreneurs and job seekers.
Over the past two decades, the MIT AgeLab’s Dr. Joseph F. Coughlin has been busting myths about aging with groundbreaking, multidisciplinary research. In his new book, The Longevity Economy: Inside the World’s Fastest-Growing, Most Misunderstood Market, he presents a new portrait of the upcoming cohort of older adults: a vast, diverse group of consumers representing every possible level of health and wealth.
Professor Sheffi's fifth book, Balancing Green: When to Embrace Sustainability in a Business (and When Not To), published by MIT Press will be available both in stores and in electronic format in mid-February of 2018. Pre-orders are available online from Amazon, Barnes & Noble, as well as book stores everywhere.
On Wednesday, they met each other face to face for the first time. On Thursday, they took first place in a worldwide global supply chain simulation and competition called The Fresh Connection (TFC).
Devastating hurricanes such as Katrina, Sandy and now Harvey and Irma are forces of nature that can’t be stopped by us mere mortals. But we can at least stop intensifying their impact through a lack of foresight.
MicroMasters in SCM team scores top ten in Global Supply Chain Simulation. The selected team traveling to Portugal to compete in the Global Final on 28 September. Four MITx MicroMasters in Supply Chain Management Learners who have never met in person but only online, will compete in the Global Professional Final of The Fresh Connection supply chain simulation on September 28, 2017, in Lisbon, Portugal.
On September 1st of every year, the city of Boston abruptly transforms. Seemingly every apartment lease in the entire city ends on August 31st, leading to an enormous shuffle of moving vans, of furniture being hauled through doorways and onto street corners. The summer heat finally abates, bringing on hoodie weather, and it seems that just about everywhere you look, there are college logos on the breasts of young, excitable, first year college students, the faces of back-to-school season.
Many companies today want to think of themselves as an innovator, but what does innovation look like in the supply chain? We put that question to Jim Rice, deputy director of MIT’s Center for Transportation and Logistics.
NextGen Supply Chain: We’re all familiar with product innovations like the smartphone or electric cars. But what does innovation look like in the supply chain?
Featuring Bryan Reimer, Research Scientist at MIT Center for Transportation & Logistics' AgeLab
Trends in auto safety are moving in the wrong direction. The number of traffic deaths in the United States over the past two years has increased by 14%, according to the National Safety Council, the largest jump in nearly a half century. More than 40,000 people died on our roads last year alone, the most since 2007. And another 4.6 million were seriously injured, a 7% increase from 2015.
In international trade, the practice of dumping – exporting product at a predatory price to capture market share – is usually associated with aggressive countries intent on moving into a national market at any cost.
Are we now seeing a commercial enterprise with country-sized market muscle get into the dumping business?
I’m referring to the on-line behemoth, Amazon.com.
In the politicized trade arena, governments often accuse each other of dumping. Earlier this year the Trump administration took up the antidumping cause against China on behalf of US steelmakers.
There's a significant cost associated with taking the backroom for granted. Taking the time to re-evaluate a variety of relevant factors can help companies operate a more efficient, cost-effective backroom.
Administrators at Massachusetts Institute of Technology say they are “floored” by the quality of students in its half online, half in-person master's degree program. Expansion plans are in the works.
The first of the Massachusetts Institute of Technology’s half online, half in-person master’s degree programs is making a profit and bringing dozens of new degree-seeking students to campus.