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An interview with Norm Jerome: BP

AIMMS

The rail fleet is often the source of binding constraints, as you must have sufficient cars on hand to meet your shipping schedule, yet car transit and holding times are constantly changing and stochastic in nature, making it difficult to forecast whether cars will be available when and where you need them.

article thumbnail

An interview with Norm Jerome: BP

AIMMS

The rail fleet is often the source of binding constraints, as you must have sufficient cars on hand to meet your shipping schedule, yet car transit and holding times are constantly changing and stochastic in nature, making it difficult to forecast whether cars will be available when and where you need them.

AIMMS 62
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Thursday Note on THE Supply Chain - Birth Rate in The United States

10xLogistics

Second, I hear over and over again from friends in almost every industry in America: They cannot produce fast enough to meet the demand for everything. Given how long it takes to spin up large capital projects I would just say we have to learn to live with it. Thus, there is a shortage of everything.