Archives April 2, 2022

The Supply Chain News Round Up for April 2nd reports on events around the world impacting supply chains.
P&O The UK CEO dismisses 800 employees on a Zoom call wiyhout notice. The UK Government has instigated criminal proceedings.

• Shanghai is in lockdown again with Covid.
• The OBR says Brexit will cause a loss of 4 per cent. 
• The Sustainable Apparel Coalition Higg Index gives polyester a green light. Experts are highly critical.
• UK productivity slow down causes identified by Cambridge University Bennet Institute.
• News of another Evergreen ship stranded in Baltimore.
• Scania's new electrified truck breaks new ground.
• Is it the end of more than thirty years of globalization?

This is why you should listen to the Chain Reaction Podcast – All About Supply Chain Advantage. Evidenced based opinion delivered directly to you about everything happening in supply chains affecting business. Stay informed about supply chains by listening to Chain Reaction – subscribe today.

Risk – When you deliver goods to a port to be loaded on a ship that is when risk begins. Transporting the goods that you have produced with all the cost that has gone into those goods is value that can be lost if you do not protect your assets. This is where insurance comes into play. Having the right contractual arrangements with customers and suppliers is central to having the right protections in place. In this episode Tony Hines discusses Cost Insurance Freight and Free On Board options. He emphasises that insurance is necessary to reduce risk.

Reputations take years to build. Organizations invest millions of dollars to build a brand but all of this can be destroyed in a moment. P&O has become such a company at risk in the United Kingdom by the CEO admitting he broke the law when he dismissed 800 employees in a Zoom call without notice.

Tony Hines also gives his 3 minute tip to build supply chain advantage by focusing on his 7V Framework.

This is why you should listen to the Chain Reaction Podcast – All About Supply Chain Advantage. Evidenced based opinion delivered directly to you about everything happening in supply chains affecting business. Stay informed about supply chains by listening to Chain Reaction – subscribe today.