Tony Hines talks supply chains with Frederico Crespo CEO of Valiot an AI business that supports supply chain operations to create visibility and value in the system. FactoryOS captures data from a variety of internal inputs, such as IoT cameras and sensors. Once captured the data are applied to run simulations to optimize throughput.
Frederico Crespo is CEO at Valiot. He is a graduate of MIT and he grew up working in his Grandfather's paint manufacturing plant in Mexico. He says this background set him up for his future work. He talks about his work with Heineken to improve their supply chain performance in Mexico. He examined their system processes identifying 16 areas for improvement and focused on one that was most fruitful on which to focus scarce resources for maximum effect. He discusses Little's Law and how it helped his throughput analysis to compress cycle times. L = λ x W where:
L is the average number of items in a queuing system
λ is the number of items arriving per unit of time
W is the average waiting time each item spends in a queuing system
Listen to how digital transformation can improve supply chain efficiencies. In a wide ranging discussion Frederico talks about how understanding system dynamics is important if you want to improve performance.
Frederico also offers advice for young people to enter supply chain work. Geopolitical change, pandemics and AI developments are changing the skill-sets needed. Challenging the status quo is essential to progress. Unlearning obsolete practices is important too.
Food processing supply chains can be wasteful because of supply chain inefficiencies. Simple miscommunications can be the source of many such problems. Listen to what Frederico says about this.
Tony Hines takes a look at Banana Supply Chains and how this special fruit arrives on your table. More than 100 billion bananas are sold each year. The market for banana's worldwide is worth USD 13 million. Ecuador supplies 26% of all bananas. Wilmington Delaware is the busiest banana port in the world.
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All things impacting global supply chains this week with Tony Hines
This week's earthquakes in Turkey and Syria has shown the devastation natural disaster has when it strikes. if you would like to make a donation please go to Https://dec.org.uk to do so.
Maersk publishes 4th Q 2022 profits – Profits remain high overall for 2022 but prices for sea freight is falling
British Volt was the only UK based EV battery plant until it ran oiut of cash. This week and Australian Business has bid for for BV
More optimistic forecasts out this week may mean a better year ahead than previously thought
US China Trade still difficult especially in technology markets – Control of rare earth metals will create unprecedented power in supply chains
Data warehouses – will they cost the earth?
President Joe Biden delivered his state of the union address – see what this means for supply chains
EV chargers will limit market growth – proprietorial connectors are also problematic
Supply Chain Visibility Report CIPS/Deloittes
Rail freight unions win long standing dispute with a satisfactory outcome for US Freightworkers
Turkey – Syria Earthquake Appeal – see donation site above if you can help
Stop by and pick up any episodes that you have missed
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In this episode Tony Hines talks to Dr Regina Frei and Professor Diego Vasquez Brust about their research into plastic waste in four European Cities. The research project is PlastiCity. Researchers involved are investigating commercial waste in the four cities:Ghent (Belgium) The Hague (The Netherlands), Southend-On-Sea (UK), and Douai (France).
Waste owners, designers, recyclers, policy makers, NGOs, waste management companies, logistic companies, plastic manufacturers and universities work together in PlastiCity to create innovative and local circular business models within the plastic value chain. You can follow the project outcomes at:- https://www.plasticityproject.eu/
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Tony Hines discusses how political, economic, social and technological change influences supply chain strategies (PEST).
The external environment influences the strategies we implement. Political change such as wars, policies towards pandemics and trade such as Brexit in the UK or Trade Wars with China in the US all come under the political influences. What happens in the political sphere impacts strategies we are able to design for our supply chains. Economic policies also impact or impair our ability to act as we would like. For example, changes to taxes, exchange rates or trade regulations. Social change will affect so many aspects of what we do in supply chains. It may change buying behaviors for customers and it will determine what suppliers decide to do too. The final part of the equation focuses on technologies available at the time. The example in the episode discusses bar codes and RFID tags. We now have many ways in which we can have supply chain visibility.
#industry4 # internet of things #sensors #visibility #customerfocus
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