Posts by Matt Wensing

supply chain risk management plan

Supply Chain Risk Management Plan: What You Need to Include

The Supply Chain Risk Management Plan In a 2013 study by the Institute of Supply Management, it was found that 60 percent of firms had a supply chain risk management plan in place and another 11 percent were actively developing their plan. Flash forward to today and it would be interesting to know if those…

Q&A: When is the last safe day to ship?

Our next question, what is the latest for me to ship goods out of my plants in New Jersey and New York before the storm shuts things down? We recommend here today into tomorrow being those last days here. Certainly tomorrow is the ultimate last day to do that as again, this snow and ice…

Q&A: I-94 and Lake Effect Snow

First question, do any of your models include potential for lake effect snow, for example, on I-94 across northern Indiana and southwest Michigan. That’s an excellent question and the fact that we’re seeing this major pattern change, that is one part of that. So as we see Arctic air moving across all of the Great…

Northeast Ice Storm Impacts – 01/17/2019

Now in terms of specific impacts, the transportation, we already highlighted the, the major population areas and business centers with obviously the New York City area being a number one there. But as far in terms of lanes that are going to be impacted and transportation routes, this is a list of our main interstates…

Snowfall Overview

The other component of this pattern change is snow. And we’re going to have, you know, some pretty major winter storms here coming up. The one we’re going to focus on today is going to be the one that’s going to be moving across the country over the next four to five days. And especially…

supply chain predictive analytics

Using Supply Chain Predictive Analytics to Reduce Risk

Supply Chain Predictive Analytics and Customer Service Service. It’s what makes the difference between an average company and one that stands out from the rest. With product margins shrinking every day, manufacturing companies are looking to service to make up the lost revenue. Enter supply chain predictive analytics. We are all familiar with predictive analytics…

Leverage Weather with Riskpulse

How Shippers Can Reduce Freight Spend Using Weather as a Strategic Advantage

Demand and Supply According to The Wall Street Journal, U.S. companies are spending more than ever on transportation costs, a record $1.5 trillion in 2017 alone. That’s up 6.2 percent from 2016. The culprit? Blame it on increasing demand that raises logistic services prices. No mode of transportation is immune to the rate hikes. The…

Riskpulse cold chain logistics

A Guide to Cold Chain Logistics

What Is Cold Chain Logistics? Cold chain logistics (also referred to as chill chain logistics) is the transport of temperature-controlled goods, such as temperature-sensitive foods, beverages, and bio-pharmaceutical products. For companies who grow or manufacture these types of goods, delivering their products to the end customer is only half the battle. Ensuring the products are…

Riskpulse Transportation Risk Management

Everything You Wanted to Know about Transportation Risk Management

What Is Transportation Risk Management? The U.S. transportation industry is among the most risk-prone of all industries, requiring transportation companies to implement strong enterprise risk management strategies. Using the right methods and tools, these companies can mitigate much of their risk and be in a better position to respond to situations when they arise. According…

NC DOT - Street View - Florence

The Florence Effect on Logistics

By Stephen Bennett, Founder & Chief Operating Officer, Riskpulse Published: September 15th, 2018 Thankfully, Florence didn’t live up to some of the early expectation that it would be the strongest storm to impact the East Coast in more than 25-years. Even so, with 105mph winds, it has been the most severe landfalling storm in Wilmington…