Supercharged Supply Chain; Supply Chains in a VUCA World
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Supercharged Supply Chain; Supply Chains in a VUCA World

Our supply chains operate in a world that is full of Volatility, Uncertainty, Complexity, and Ambiguity; a VUCA world where; V = Volatility: there is a lack of stability with what being known today changes often without warning. U = Uncertainty: there is a lack of knowing all of the variables and being able to accurately predict operating conditions….

Post COVID-19; Not a Brave New World
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Post COVID-19; Not a Brave New World

By any definition, by any stretch of the imagination, the COVID-19 pandemic has been a transformational event that has affected, either directly or indirectly (probably both) each and every person on the planet.  That the “story” of COVID-19 is being knocked off the front page by the media (like “climate change” before it) and replaced…

The Risks that go with Globalization
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The Risks that go with Globalization

It is undoubtedly and incontrovertibly true that global extreme poverty has declined as capitalism has driven globalization – the trade between and among nations – to increase over time.  Certainly, there are arguments to be made that the growth in wealth has also been increasingly concentrated in the hands of fewer people, but the world as a whole has…

Who has the “Old Maid”?
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Who has the “Old Maid”?

I was speaking with a friend who is the Chief Operating Officer of a multi-national chemical processing company a few weeks ago.  We were speaking about the various challenges that he is facing, which are not unlike the challenges faced by many companies.  His most important goal was to maximize profits whilst minimizing inventory –…

Fail fast, fail small, learn, and move on
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Fail fast, fail small, learn, and move on

Nobody likes to fail. Failing causes us embarrassment. Failing bruises our ego. Failing might be a dark spot on our performance assessments. All we have to do is reflect on our childhood for when we failed and how poorly we felt. Even if our parents did give us encouragement, we still felt bad about failing….