Supply Chain Finance and Reverse Factoring; Book Giveaway! The New (Ab)Normal; CSCP Training
Supply Chain Finance and Reverse Factoring
By Miguel Garcia Gonzalez in Interconnect
All supply chain professionals should understand not only the physical flow of goods and services towards the end-customer, but also the financial flow of money from the customer back up the value chain.
Consider this scenario: How does a large firm, let alone a small business, increase its supply chain capacity to better serve its customers? CAPEX investments in new manufacturing plants, logistics fleet, or enterprise technologies are costly upgrades. If a firm does not have sufficient cash to pay for these upgrades due to outstanding account receivables, one trending financial recourse — exacerbated by the pandemic no doubt — is to increase assets through supply chain financing.
What We're Reading
How the Coronavirus Outbreak Has – and Hasn’t – Changed the Way Americans Work by Kim Parker, Juliana Menasce Horowitz, and Rachael Minkin from the Pew Research Center
How to Keep Your Team Motivated, Remotely by Lindsay McGregor and Neel Doshi in Harvard Business Review
Where Governments Fall Short in Combating Forced Labor in Supply Chains — And How They Can Improve by Alexis Bateman in MIT Supply Chain
Company of the Year: Target by Emma Cosgrove in Supply Chain Dive
Book of the Week
From factory shutdowns and runs on grocery staples to clogged ports and the rapid launch of global vaccine distribution, the coronavirus pandemic has reshaped global value chains in profound ways. I don’t think we will look at the toilet paper isle the same way again.
The scale and scope of the changes has been chronicled across many different channels, but few have the cutting edge research and foresight as Yossi Sheffi, Director of the Center for Transportation and Logistics at MIT. In his new book, The New (Ab)Normal, Sheffi surveys the disruptions caused by the pandemic, how companies like Biogen, BASF, and Georgia-Pacific are responding, and new opportunities in the coming decade.
As the year draws to a close and we look toward a post-covid era, our work is cut out for us. The New (Ab)Normal is a timely and accessible read for anyone seeking insight into how our world has changed and what lies ahead.
The book is available on Kindle Unlimited, and for those who prefer real, physical books like me we are launching a…
Each week we will be giving away one FREE copy of the Book of the Week! To be eligible, follow us and share the current post on LinkedIn or Twitter, and have one friend or colleague sign up for the email list here. Then email us with links to your social media posts and what friend/colleague signed up. If we receive more than one submission, we will select the winner by random lottery. Win your copy today!
— Kellen Betts
Starting Jan 30 | Saturdays, 8a-12p PST | Virtual | $2,195 | APICS Puget Sound
Supply chains drive growth and are proving to be the central nervous system of a business. Good leaders are key to ensuring the supply chain organization is performing at its peak and contributing to the health of the business. The APICS CSCP certification program helps professionals demonstrate essential knowledge and organizational skills for developing more streamlined operations. Master supply chain management best practices with specialized, high-level knowledge and skills.
In Case You Missed It
What’s up with Recycling? The Circular Economy and Supply Chain Management
The CSCMP Puget Sound Roundtable hosted Zero Waste Washington and Recology for a virtual presentation on circular economy, recycling, and environmental sustainability in supply chain. Participants learned that some of the biggest and most dominant recycling companies in the U.S. are owned by landfill companies whose profits improve when recycling doesn’t work well.
Heather Trim, Executive Director of Zero Waste Washington, and Derek Ruckman, Vice President of Pacific Northwest Recology, also discussed the complexities surrounding recycling, including the market share of waste and recycling among private, public, and municipal entities as well as China’s recent decision to stop accepting U.S. waste.
— Miguel Garcia Gonzalez
By the Numbers
Only 11% of employees said they never or rarely want to work from home in a recent survey by Pew Research Center. It may take more than a vaccine to get workers back to the office.
Miguel Garcia Gonzalez, CPIM is Co-Editor of Supply Chain Weekly. He sources technology at Amazon and leads the Discord Supply Chain server on logistics, procurement, certifications, news, and more. Contact him at email@example.com. Follow him on LinkedIn and @mggSCM.
Kellen Betts is Co-Editor of Supply Chain Weekly. He also writes the newsletter Manifold, exploring the intersection of supply chain, sustainability, and technology. Contact him at firstname.lastname@example.org. Follow him on LinkedIn and @KellenBetts.