Week of July 12th, 2021
Linking supply chain news with dangerous goods compliance
Risk has always been a central focus within the dangerous goods industry. However, major disruptions within the global supply chain from COVID-19, capacity constraints, security breaches and other factors, organizations are placing greater focus on risk management than ever before.
Let’s examine some recent industry news.
SUPPLY CHAIN NEWS
- Four Risks Most Supply Chains Face, and Six Ways to Manage Them: The pandemic has thrown new light on the importance of developing a comprehensive and effective management strategy for tracking and limiting risk in your supply chain. Here’s a look at risks that international supply chains face today and how companies are managing today.
- Worsening Computer Chip Crisis Shows Supply Chains Are Still At Risk: The semiconductor chip crisis that hit companies around the world shows no signs of ending any time soon and will continue to impact the supply chains for many industries.
- Defending Against Cyberattacks in the Increasingly Vulnerable Manufacturing Industry: As manufacturing relies more and more on remote access and automation, cyber hygiene continues to be one of the top challenges in securing manufacturers across the nation.
- ‘The Perfect Storm’ is Putting the Bakery Supply Chain at Risk of Collapse: The national driver shortage has been wreaking havoc for some time now but only now is it really coming to a head, causing concern across the entire food supply chain and not least the baking industry.
- New Supply Chain Disruptions Worry Retailers: Retailers and suppliers say the supply chain challenges that began with the pandemic are persisting, and they have little confidence that improvements are coming.
OUR PERSPECTIVE
- Risk is everywhere…especially with dangerous goods. While there is always some risk involved in the supply chain, managing DG adds an even greater level of difficulty and risk. As supply chains become more complex, and continue to integrate more business partners – therefore increasing the handoffs of DG – it’s challenging to know how those partners are managing the intricacies of DG regulations. In order to your risk, that part of your supply chain cannot be overlooked.
- Compliance risk goes beyond a fine. There’s a lot at stake by not taking the necessary steps to ensure the safe, compliant movement of goods, beyond simply receiving a fine. Organizations must consider the bigger picture and realize the true impact compliance (or noncompliance) can have on an organization, and how a strategic approach to DG shipping can mitigate more serious issues down the line.
- Effective risk management requires data visibility. Knowing where the risk is allows organizations to proactively take steps to address those areas. That’s why having access to DG product and shipping data is so important. But in order to effectively use that data to improve operations (across the entire supply chain), that data must be shared across business units and will other supply chain partners.
To learn more about dangerous goods software or how to establish a safer, more compliant supply chain, visit https://www.labelmaster.com.
Have questions about dangerous goods transport? Call the Labelmaster Regulatory Hotline at 1.800.621.5808.
As the industry’s most robust, flexible, and advanced hazmat shipping software, Labelmaster’s DGIS can actually help your operation make more money. DGIS validates shipments and prepares DG declarations so quickly, you can handle more shipments every hour. And more shipments mean more revenue.
Try your own numbers in our calculator to see the added revenue DGIS can generate for you.
