Supply Chain Management Is Dead: Here's Why
In this episode, Steven Pope, explains why supply chain management is no longer sustainable. He cites three reasons:
The Panama Canal is backed up due to a drought, which is delaying shipments.
The government plans to shut down the United States again this winter, which will disrupt logistics.
Businesses need to start buying a year's supply of inventory to protect themselves from these disruptions. He also says that businesses should be prepared for "black swan" events, which are unpredictable and highly improbable events that can have a major impact on businesses.
If you're an Amazon seller, this episode is a must-watch. It will help you understand the risks of just-in-time supply chain management and how to protect your business from disruptions.
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0:00 Drought in Supply
1:02 Out of Stock
3:06 Is there a Government Shut Down
4:54 What you can do