Lightning bolts, floods, fires and the occasional category 5 hurricane are inevitable. They will come. It's just a matter of where and when. While it isn't sexy or fun to put a disaster recovery plan in place, it is critical to employee safety and business continuity when the worst does happen. It is also critical to understand that real estate is not the only facet of disaster recovery that may be affected if a building site is destroyed or disabled. Disasters will have a global effect on HR, IT, marketing, finance in addition to operations and real estate. A streamlined and updated Disaster Recovery Plan (DRP) can save lives and reduce the the overall impact on your company.
In this post I'm going to break down some of Murphy's practices regarding asset allocation strategy (lease vs. own), sustainability efforts and location strategy that have been critical to Murphy's long standing run as a third party logistics firm (3PL).
We often underestimate how important supply chain is to our daily lives. While it's not a surprise to supply chain managers, most consumers don't consider folks like Chris Ward, who are out there sourcing things like 80,000 cases of jalapenos for Church's Chicken so you can get peppers on the side with your combo meal.
"We've got a long way to go and a short time to get there..."
If you are an online retail executive, you are being hounded daily by vendors peddling technology solutions all in the name of reduced costs and enhanced customer experience. If you are currently vetting vendors or plan to consider upgrades in the near future, please consider the following to help you make a better decision.
While Amazon is a force to be reckoned with and their game changing innovations have raised the standard in omni-channel retail, it is only a matter of time before the large retailers close the gap and begin to stifle Amazon's current growth rate. Amazon hasn't won any prizes yet, and knows it.