This week is Mental Health Awareness Week 2021. You may be sitting there wondering why that matters, or why it is important? According to the World Health Organisation (WHO), one in four people in the world will be affected by mental or neurological disorders at some point in their lives. That is one quarter of the entire global population. There are Around 450 million people currently suffering from such conditions, placing mental disorders among the leading causes of ill-health and disability worldwide. This means that you may not feel that you need to spend time looking after your mental health at the moment but taking time for yourself now can, and will, pay dividends in the future.
The electronics industry has been enduring a component shortage for some time now, caused by problems that have only been exacerbated by the Covid-19 pandemic. As supply chains begin their recovery from the pandemic, it is essential that they address the difficulty to source certain components and develop strategies to work around it. Jeff Brind, Chief Information Officer at Easby Electronics, understand the challenges businesses are facing, and shares his top tips with IoSCM on managing the shortage.
The Internet of Things (IoT) refers to a network of connected smart devices extracting information from which businesses can get useful insights. This increased volume of available data has unlocked the potential for businesses to manage and optimise a wider range of operations, minimising costs and improving profitability. IOT is a rapidly growing trend in all industries as part of Industry 4.0 and its adoption is only predicted to continue to expand.
The automotive industry struggled with reduced demand last year as lockdowns stopped us travelling. This year the industry faces a new challenge due to a global shortage of microchips. Production has already been halted or reduced in manufacturing plants and almost all car brands have been affected. The crisis is affecting other industries outside of the automotive sector. Let's take a look at who is affected, how, and why;
More often than not, when we are building a brand strategy, we overlook how our supply chain can have an impact on the story we tell. Stories and marketing plans are crafted based on the quality of the product, how the product is made, charitable work tied to the product, and a few other factors. The supply chain simply becomes a means of getting a product made and delivering it to the customer.
Regardless of if you are dealing with the supply chain preservation issues or would like to start with an analysis of available resources for your business, the four main elements of sustainability (human, social, economic, and environmental) must be considered. When you create a report, your task is to identify the programs, practical initiatives, and the set of methods that all have a single purpose - to preserve in the most efficient way.
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