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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. The video game industry has taken the trend and has also dramatically changed course.

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“95 Thesis” on Kaizen Events and TPS

The Lean Thinker

Kaizen Events. Kaizen events (or whatever we want to call the traditional week-long activity): Can be a useful tool when used in the context of an overall plan. This is independent of whether it is done in a week-long intense event or not. Classes and Courses ?

Events 44
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FreightHub stays on course – our crew successfully steers our customers digitally through the corona crisis

Forto

When dealing with a crisis – whether it is caused by a pandemic, a natural disaster , or political events – we believe that, in addition to communication, three factors are crucial. Of course, this applies not only to the internal distribution of tasks.

Course 52
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FreightHub stays on course – our crew successfully steers our customers digitally through the corona crisis

Forto

When dealing with a crisis – whether it is caused by a pandemic, a natural disaster, or political events – we believe that, in addition to communication, three factors are crucial. Of course, this applies not only to the internal distribution of tasks.

Course 52
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Are your L&D programs reaping the outcomes you need?

UL EHS- Sustainability

But the most successful learning and development teams also understand how to measure the success of each training course and react accordingly. Create Online Training Courses for your Unique Learning Needs At UL, adult learning experts can review an organization’s current training matrix and competency plans to identify gaps in learning solutions where off-the-shelf or custom training can close those gaps.

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Making a Difference in the Lives of Veterans and Children

Envase Technologies

Envase and Jim were happy to be able to co-sponsor the event. Of course the event was fun, but the real goal is raising money and awareness for two very important and essential causes. This event in Houston is just one example of how Envase gives back to the community.

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Demand Forecasting in an Inflationary, Supply-Constrained, Semi-Post-Pandemic Environment

Logistics Viewpoints

At that time, I wrote about the COVID pandemic, and how similar events occur that elevate the uncertainty of the market. These events make accurate forecasting very difficult. Review of Prior Impactful Events. Ratios, Comparables, Substitutes, Voodoo, and a Touch of Luck.

Analysis 143
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For Many, the Annual Freight Bid Season is Not “The Most Wonderful Time of the Year”

Logistics Viewpoints

The frequency of RFP events is only one area that can be improved as shippers look for a better way to manage freight procurement processes. Flexibility to schedule rate bid events based on business needs.

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Bosch Goes All in on Sensors at CES 2023

IoT World Today

It makes many other things, of course, but at CES the company’s top executives made it clear that sensors are, by far, Bosch’s current thing. Bosch is about sensors.

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LOST AT SEA: Protecting Your Shipments with Marine Insurance

Trans Global Auto Logistics

While this example may seem extreme, this incident happened in late 2020, and there have been several other similar incidents since. Of course, most cargo arrives without issues, but if 2020 taught us anything- it is that we should always prepare for the unexpected.

Events 98
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Hall of Fame vs. Hall of “Great”

Carter Logistics

The cast, consisting of Dan Patrick and his four “Danettes,” talk about the daily happenings and events encompassing the world of sports. Throughout the course of a show, they often pose questions and present different scenarios for further discussion and debate.

Course 78
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Why is o9 Solutions Growing So Fast?

Logistics Viewpoints

For example, for a yogurt company, decision of where to ship a short lifecycle product coming out of a factory is done daily because “demand can shift in very short time frames.” But, of course, over the course of a month the demand and supply pictures change.

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Companies Improve their Supply Chains with Artificial Intelligence

Logistics Viewpoints

In the course of updating our annual research on the supply chain planning market , I talked to executives across the industry. Lead times, for example, are a critical form of master data for planning purposes.

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Top Supply Chain Trends for 2023 and Beyond

Logistics Viewpoints

China, of course, is likely to react to these measures in ways that may be hard to predict. Honda’s actions provide one example of this. Multinationals knew that events could occur that could cost them tens, or hundreds of millions of dollars. Inflation is Broad Based.

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Digital Transformation Journey in Supply Chain Planning

Logistics Viewpoints

Maintaining all past and future promotional events in a database. Maintaining outlier events that have influenced demand patterns or supply availability . Modeling the impact of weather events. Automatic identifying and removing outlier events from the historical data.

Digital 165
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5 Steps to Address the Rising Geopolitical Risks to Your Supply Chain

Logistics Viewpoints

As an example, a major retailer whose market presence is in the Americas realized that several of their shipments that originate in China pass through Russia to make their way to the west and are now subject to shipment backlogs.

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Top Solutions for Supply Chain Agility

Logistics Viewpoints

Many-to-many can also refer to many participants in a network accessing many, many sources of event data critical to supply chain operations through a public cloud network. COVID of course taught companies the need for agility. Digital Twin from Infor Nexus Drives Supply Chain Agility.

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Top Take Aways from Oracle CloudWorld

Logistics Viewpoints

What follows are my top take aways from the event. OTM is a very mature application, for example. Oracle’s primary example of what they were doing to bring deeper industry solutions to market was what they are doing to support the healthcare industry. The order-to-delivery process, for example, is much wider than the fulfillment processes supported in a warehouse management system. Oracle also, of course, has big global integrators.

Demo 108
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Autoliv’s Supply Chain Risk Management Journey

Logistics Viewpoints

Can you give me a concrete example of how your risk management solution detected a threat and came to the rescue? For example, to build that plant, the company would need to work with a construction company or companies.

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Disruption: COVID-19 vs. Regular Supply Chain Disturbances

Morai Logistics

Typically, a single area is impacted by some sort of event. For example, if a supply chain is temporarily stymied by some extreme weather event. There isn’t a single event or issue for an organization to wait out, address, or work around.

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Toilet Paper Shortages, Empty Shelves, and Panic Buying: Just How Bad Did the Grocery Supply Chain Perform in 2020?

Logistics Viewpoints

Because of service disruptions – not being able to buy toilet paper, for example – the supply chain has been more discussed than ever before. These extreme error events “are the supply chain equivalent of the highway washout or bridge closure.”

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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 was going through some old files and came across a pocket card we handed out back in 2003 or so.

Exercises 397
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This Week in Logistics News (February 11 – 17)

Logistics Viewpoints

The American and Canadian militaries believe that the balloon was for surveillance, while the Chinese government said it was a civilian meteorological research airship that had blown off course. A big story earlier this month was the reported Chinese spy balloon.

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Sales and Operations Planning: The Interpersonal Element

Logistics Bureau

So, for example, the Head of Supply might be the Supply Chain Director, Supply Chain Manager, or another non-executive supply chain management specialist. The heads of the sales and marketing departments are also the ones who schedule sales events and promotions.

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Warehouse Product Slotting: The Ultimate Guide

Logistics Bureau

Slotting a warehouse product is the same, for example, as placing your umbrella close to your front door at home, so it’s easy to pick it up and run when it’s raining, and you’re late for work. Those calculations, of course, will necessitate using some digital software.

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Why Containerised Freight Shipping is Daunting for SMEs

Logistics Bureau

That’s a massive problem for SMEs, for example, that last year might have been paying $4,000 to $5,000 (USD) to ship a 40-foot container from Asia to North America, and now face rates of $20,000 and above.

Freight 87
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5 Analytic Shipping Data Insights for Shippers From SONAR

FreightWaves SONAR

Of course, there’s another advantage. As reported by Forbes , “Many companies, for example, have moved to e-commerce[…]This means shipping via B2C channels versus B2B channels. Mastering changing market conditions has always been a goal for shippers, brokers and carriers.

Data 105
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How O2O Is Shaping the Future of eCommerce

Ship Monk

Meet BOPIS, otherwise known as one of the most popular baby names of 2021 — we’re kidding, of course. Take, for example, the Sephora app, which allows shoppers to try on different makeup products before picking them up in-store. The new acronym on the block? O2O, or online to offline.

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The VF Corporation Invested in Supply Chain Agility Before COVID Made “Agility” the New Buzzword

Logistics Viewpoints

China, for example, only produces 14% of their total units, only 3% of those units end up being exported to the United States and 2% to EMEA. A regional supply chain does not mean supply chain operations are not impacted by global events. That of course, works to VF’s advantage as well.

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Mastering Profitable Omni-Channel Logistics, Despite Disruptions

Logistics Viewpoints

For example, they might browse products online, but visit a brick-and-mortar store to finalize their selection. As just one example, Nike’s online sales grew by 75% in 2020 — but its profit margins fell from 45.5%

Digital 117
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The “Race” to Win the Autonomous Truck Market

Logistics Viewpoints

TORC and Daimler Truck held an event for journalists last week at a TORC facility in Albuquerque. The event provided their perspective on these questions. Autonomous trucks, of course, don’t stop to rest.

Trucking 131
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Demand Forecasting 101: Everything eCommerce Businesses Need to Know

Ship Monk

We’re talking, of course, about demand forecasting, or the process of predicting customer demand for a product or service. The COVID-19 pandemic was a prominent example. #5 If you had a crystal ball, what is the first thing you would ask?

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How IoT Brings Railway Efficiency to Dutch Rail Network

IoT World Today

IoT World is North America’s largest IoT event where strategists, technologists and implementers connect, putting IoT, AI, 5G and edge into action across industry verticals. ProRail uses algorithms to determine when and where a trespasser might decide to walk on the track, for example.

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How to Get a Job in the Supply Chain Sector

Logistics Bureau

You are not alone, especially as in the time since we first penned this article, one huge and unforeseen event has raised awareness of the global importance of this vital sector—and shown it to be an attractive career choice. So, you are thinking about a career in supply chain?

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STILL supports vaccination campaign

Logistics Business Magazine

Taking responsibility is a matter of course for the Hamburg-based intralogistics company. Now STILL is making its STILL Arena events hall, in Berzeliusstraße in Hamburg Billbrook available to the City of Hamburg’s social security office for two open vaccination days.

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Profitably Delivering eCommerce with Consumer-Centric Priorities

Logistics Viewpoints

Capacity can be easily ramped up or down due to product seasonality, holidays and of course global events such as the COVID-19 pandemic. Five Forces Reshaping Logistics as We Know it.

eCommerce 146
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The Effects of Supply Chain Crises: What to Expect Short and Long Term

MTS Logistics

Shipping industry stakeholders have faced many of these events, and they have changed the shipping industry irrevocably, for good. One event after another pushed the overall supply chain to its limits.