Revenue in a supply chain: Financial Risk from the third party


Carrying out thorough third party audit not only provides the necessary regulations, but it also helps mitigate against reputational financial risk and data related damage. It is required to be careful about various governmental embargo situation: Third party suppliers, logistic service providers should prevent themselves from buying from or selling to anyone on the relevant restricted company lists maintained by various governments, such as Australia, Canada, the UK and the US. On the other hand, this is a strategy which results in higher supply chain profit than a price of the whole duration of sales season. To increase the profit margin Supply Chain Managers must use all the levers available, including price. Third type of approach he can adopt is at high demand season, he can take lower price, and low demand season, he can take a higher price.

Weather impacts on supply chain management: An analysis

Weather issues_Philippines

Supply chains engender great opportunities for the weather forecasting industry to advance. Those who can utilize these kinds of forecasting, are beneficial to some extent and preserved from loss of weather disruptions. On one hand, the impact of weather in many cases increases the cost of the supply chain, on the other hand, it decrements the visibility of the supply chain due to inclement weather. Various weather stations measure weather data such as rainfall, shipping, etc. Weather cognate courses are being evolved for supply chain managers to tackle weather disruption issues well. The other utilization of weather reports from third-party companies can help forecast early solutions and point out the affected areas.

Tesla’s supply chain and logistics: A case study


The company was incorporated as Tesla Motors, Inc. on July 1, 2003, by Martin Eberhard and Marc Tarpenning. Eberhard verbalized he wanted to build a car manufacturer that is additionally a technology company, with its core technologies as the battery, the computer software, and the proprietary motor. Tesla Motors has become kenned for engendering well-designed and innovative electric conveyances. To assemble its cars, Tesla sources components from a range of Tesla suppliers. Some suppliers provide mundane car components; others provide electric conveyance components.

Letter of Credit and blockchain technology in a Supply Chain


A letter of credit(LC) is also named a documentary credit(DC) in globalized international trade. In recent times blockchain technology is utilized by banks regarding the formulation of letters of credit. The ICC regulates market practices (Documentary Credit 600) in this regard. These include the advising bank that will give the documentary credit to the beneficiary or their nominated bank and provide their nominated bank with any amendments to the letter of credit. A certain percentage of the letter of credit value is retained by the bank for security purposes. Blockchain technology is available for the letter of credit procedure and trade finance is related to it. Commerce and international trade finance include products such as issuing letters of credit, indemnifying Bills of Lading, etc. Although the letter of credit was created in the old world methods managing the shipping of goods and related accommodations. But there is a great potential to supersede these paper processes with digitized operations utilizing blockchain technology. International trade requires a number of participants to interact with one another i.e., the exporters, importers, banks, shipping companies, port-related entities, and customs. Trade finance in supply chain management(SCM) includes products such as lending, issuing letters of credit, factoring, export credit, and indemnification.

A discussion about lack of supply chain coordination and the bullwhip effect


In SCM, a supply chain manager coordinates the logistics of all the aspects of the supply chain which consists of five parts: the plan or strategy, the source of raw materials and services, manufacturing, i.e., productivity and efficiency, delivery and logistics, the return system for defective and unwanted goods etc. The phenomenon that fluctuation in orders increases as one moves up the supply chain from retailers to wholesalers to manufacturers to suppliers is referred to the bullwhip effect. Managers can help achieve coordination in supply chain by aligning goals and incentives across different functions and stages of the supply chain. When supply chain moves from retailers to wholesalers to manufacturers to suppliers, the bullwhip effect occurs. It results in different stages optimizing local objectives instead of total supply chain profits. The bullwhip effect results in costs in the supply chain and decrease in levels of customer service.

Cold chain: A cutting-edge supply chain management and logistics perspective


Existing amenities not enough to store, deliver large volume of vaccines within a short time, say experts The governments are considering banking on the existing cold chain for storing, transporting and distributing coronavirus vaccines while some professionals say the main challenge will be to manage such a large volume with the existing capacity. On November 5,2020 the Bangladesh government signed a trilateral memorandum of understanding (MoU) with Serum Institute of India and Bangladesh’s Beximco Pharmaceuticals Ltd to get three crore doses of Covid-19 vaccines from Serum, keeping in mind the existing cold chain. In 2020 during the COVID-19 pandemic, vaccines being developed may need ultra-cold storage and transportation temperatures as cold as −70 °C (−94 °F), requiring what has been referred to as a “colder chain” infrastructure. Disruption of a cold chain due to war may produce consequences similar to the smallpox outbreaks in the Philippines during the Spanish–American War, during which the distributed vaccines were inert due to lack of temperature control in transport. There are no uniform global practices to follow, customs, legal, and compliance issues, effects on the environment, supplier-related risks, issues with cold chain delivery — packaging, hardware issues, vehicle breakdown, etc. Besides the usual elements of risk that plague normal supply chains, cold chain logistics has its own exclusive set of problems such as product sensitivity, the increasing cost of freight, and growing regulatory hurdles.
Keywords: Cold Chain, Supply chain management, Vaccines, food.