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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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Creating a Green Marine Supply Chain

Logistics Viewpoints

Plus, extreme weather events and changing storm patterns challenge seafaring vessels. To see these regulations through, the IMO is aiming to reduce total annual greenhouse emissions by 2050 by at least 50% compared to 2008 [4]. A storm, for example, could slow the vessel down and increase transit time from one port to another.

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Why Are Fuel Prices So High?

Trinity Logistics

Rising fuel prices have been at an all-time high, surpassing the costs since 2008 , and these prices will only continue to climb. Well, they can’t be blamed on any specific event or occurrence as many different factors that caused fuel prices to surge. This industry has barely had a moment to catch its breath.

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Understanding The Need For A Stronger Supply Chain

Blue Grace Logistics

It is the single major weakness of most supply chains, an inability to react to a sudden and massive large-scale disruption, which can include pandemics (such as Covid-19) massive weather events , and a myriad of other setbacks. The meat shortage in the United States is a perfect example of this. Stress Testing on a Policy Level.

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Is Your Supply Chain Ready For Weather Disruptions?

Blue Grace Logistics

These disruptions are like black swan events which no one can forecast or plan for in advance. For example, according to reports , the 2011 earthquake and Tsunami in Japan had caused grave damage to infrastructure and manufacturing facilities in the country. What can you do to make your supply chain ready to weather disruptions?

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The History of the Shipping Container

Freightos

One visionary, Malcom McLean , features prominently in the industry’s development. But the modern shipping container has changed much more than one industry. Once the concept was validated, the container shipping industry grew exponentially in the 70s and 80s. The History of the Shipping Container. Significance. Significance.

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[INFOGRAPHIC] Attracting Millennials to Manufacturing: Understanding Millennial Experience in Order to Gain Talent

GlobalTranz

Millennials have witnessed countless layoffs, periods of market instability, offshoring of manufacturing entities , and other significant events in their lives. Unfortunately, these events lead to one common issue: millennials do not view the manufacturing industry as previous generations did. Economic Instability.

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