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5 examples of the black swan theory

Logistics at MPEPS at UPV

Today we are going to find out what the black swan theory means, how it affects the economy and the society overall and several examples of how the black swan events have changed the words. Even though,the black swan events are often inappropriately rationalised after the fact with the benefit of hindsight.

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The debris of an organisation – thinking about how the ADF recovers from the first losses of war: Part One

Logistics in War

It is in the light of these facts that the commander expects to shape his course during the supervision of the planned action.’ [1]. It is necessary for us in the ADF to prepare for the confluence of events that inevitable occur over a longer term than we envisage. From Sound Military Decision , United States Naval College, 1942.

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Reflections on East Timor by a logistics unit commander – twenty years on

Logistics in War

If you feel I am wrong in any recollection of an issue or event, you may be right. 4] Australian National Audit Office report, Management of Australian Defence Force Deployments to East Timor , 20 March 2002. However, for simplicity I’ll use the term logistics. [2]

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Nearshoring & Reshoring Will Continue to Increase Thanks to these Main Benefits

GlobalTranz

Of course, there are other factors affecting the American push towards reshoring and nearshoring. Even though these events do not necessarily represent a threat on US soil, consumers want products that are related to safe areas. The political climates of foreign countries are becoming unstable.

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This Week in Logistics News (April 17 – 23)

Logistics Viewpoints

Thirty-six years ago today marks either one of the greatest marketing blunders or success stories of all-time, depending on how you look at it, of course. While New Coke would linger for quite some time, it was discontinued in 2002, with a limited re-release in 2019. Coca-Cola Classic remains the number one soft drink in the US.

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Supply Chain Data Visibility Paramount as Industry Lurches into Next Chapter

IoT World Today

Supply chains will survive COVID-19, of course, but not without interim pain and structural change. Compare China’s share today with 2002, during the SARS epidemic, when China represented only 4% of world GDP. But with a black-swan event, it just magnifies the risk.”. Sign up for virtual event updates here. ].

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How to Improve Manufacturing Floor Data Collection

GlobalTranz

Although it was published in 2002, the case study highlighted the data collection struggles of a particular manufacturing company that probably rings true for many SMEs and large corporations alike. It’s often the case that specialist computer systems will require a qualified engineer to fix them in the event of a malfunction.