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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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Analysis: Why the Biden Administration is Not Being Honest About Supply Chain Issues

MTS Logistics

In politics, it can of course be necessary at times to portray events as relatively simple in order to reach a wider audience. However, despite showing the full dataset, it is not mentioned that the carriers were mainly taking losses between 2008 and 2020 (pre-Covid.). Multiple elements are mixed into the same “bag.”

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Scenario Planning - Face it You are WRONG!

10xLogistics

Of course, in life, and in supply chain, all the assumptions almost never come true or develop as you planned them. I submit that almost every major event in the last 20 years in supply chain (2008 recession, 2020 COVID, etc.) If all your assumptions come true then this number will likely be “the number”.

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This Week in Logistics News (July 3 – 9)

Logistics Viewpoints

During a normal Olympics, millions of spectators flock to venues to watch over 300 events unfold over the course of two-plus weeks. Earlier this week, a resurgent coronavirus forced Japan to declare a state of emergency in the capital that will run throughout the event. FedEx now has a mission to be carbon-neutral by 2040.

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A Lean Leadership Pocket Card

The Lean Thinker

It was our job to teach our continuous improvement people how to do that coaching and assisting – beyond just running kaizen events that implement tools. I talked about this in a post way back in 2008: Not Just Asking Why – Five Investigations. PDCA Thinking. Today we would use Toyota Kata to teach this. Four Rules: 1.

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Supply Chain Management:Infosys team at Pulse 2012 - Day 0

Infosys Supply Chain Management

News & Events. |. Though I have attended all Pulse events since its inception in 2008 (last year I gave it a miss), it still looks new every year. Also, the horizon of the event is increasing every year, which makes it more exciting. This year, 7000+ people are scheduled to attend this event. December 2008.

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Supply Chain Management:Infosys Team at IBM Pulse 2013

Infosys Supply Chain Management

News & Events. |. Last year, I covered the event live with daily blogs, but this time my whole schedule was so packed that I hardly had any time to write. Hence summarizing the whole event in one blog. As usual, event opened Sunday evening with an international connection reception and expo theater inauguration.