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The supply chain crisis is a major contributing factor in the 2022 United States infant formula shortage, [14] the tampon shortage [15] and various drugs shortages. [ 16 ] [ 17 ] In December of 2022, it was reported that global demand for commercial jet aircraft far exceeded supply, with Jefferies Group reporting a backlog of 12,720 aircraft.
The conference has an economic impact on Indianapolis of about $35 to US$40 million. [3] The conference was cancelled in 2020 due to COVID-19. It returned to the Indiana Convention Center and Lucas Oil Stadium in August 2021 with attendance down between 25% and 30%. [4] It is scheduled to be held in Indianapolis through 2028. [5]
Digital transformation (DT) is the process of adoption and implementation of digital technology [1] [2] [3] by an organization in order to create new or modify existing products, services and operations by the means of translating business processes into a digital format.
Institute for Supply Management (ISM) is the world's oldest and largest supply management association. [1] Founded in 1915, the U.S.-based not-for-profit educational association serves professionals and organizations with interest in supply management, providing education, training, qualifications, publications, information, and research.
The Supply Chain Resilience Initiative (SCRI) is a trilateral agreement that was launched following a videoconference between trade ministers of India, Japan and Australia on 27 April 2021 during the COVID-19 pandemic. [1] Vulnerabilities in the global supply chain were revealed as a piece to the puzzle in light of reliance on China. For this ...
However, the digital supply chain can increase the complexity of management. [9] In order for digitalization to succeed, there must be resources available to shape key capabilities. [10] Digital Supply Chain Resources and Capabilities. Resources in this context are related to technology, the organization’s internal and external infrastructure ...
WikiConference North America was virtual from 2020 to 2022 because of the pandemic. The 2020 event was held during December 11–13. [27] The 2021 event was held during October 8–10 and saw a Wiknic in New York City. [28] The 2022 event was held in November with Mapping USA in collaboration with OpenStreetMap. [29]
Typically, supply-chain managers aim to maximize the profitable operation of their manufacturing and distribution supply chain. This could include measures like maximizing gross margin return on inventory invested (balancing the cost of inventory at all points in the supply chain with availability to the customer), minimizing total operating expenses (transportation, inventory and ...