Supply Chain Brain's Top 100 Supply Chain Partners
Supply Chain Brain recently announced its annual list of the 100 Great Supply Chain Partners.
After sorting through thousands of applications, the publication listed several big-name companies, including UPS, Maersk Line and FedEx, but also named some of the more innovative, smaller companies that have made huge strides in the supply chain field.
Supply Chain Brain also included a Top 10 list of what companies want most in their providers, which is listed below:
1. Reliability– And why not? If your partner fails you, you lose. We see this concern listed first every year.
2. Excellence – Good, better, best. The best companies won't settle for a good provider; only the best will do.
3. Value – Cost savings is always top of mind when buying any new technology or service, but the most important financial measure is value in terms of increasing sales, production or other revenue-related metric.
4. Expertise & knowledge base – Just how well do you incorporate best practices specific to your customer's industry or market or product? Indeed, how well do you know their business?
5. Problem-solving – Partners must step up, take responsibility and overcome issues that threaten the success of any venture. Failing that, they probably will lose the business.
6. Continuous improvement – Again, it's good, better, best. It's a progression, one that says you can't rest on your laurels.
7. Support – Nominating companies indicate that support is almost as important as the product or service they want from you. So, you had better be able to provide the backup they demand.
8. Positive attitude – Never say 'It can't be done.' Find a way.
9. Global reach – It goes without saying that companies looking to do business around the world need partners with a global footprint.
10. Strong leadership – Why do customers monitor the leadership of their supply chain partners? Because they want long-lasting relationships.
Elon Musk's Boring Co. planning wider tunnels for freight
Elon Musk’s drilling outfit The Boring Company could be shifting its focus towards subterranean freight and logistics solutions, according to reports.
A Boring Co. pitch deck seen and shared by Bloomberg depicts plans to construct wider tunnels designed to accommodate shipping containers.
Founded by Tesla CEO Musk in 2016, the company initially stated its mission was to offer safer, faster point-to-point transport for people, particularly in cities plagued by traffic congestion. It also planned longer tunnels to ferry passengers between popular destinations across the US.
The Boring Co. completed its first commercial project earlier this year in April. The 1.7m tunnel system is designed to move professionals between convention centres in Las Vegas using Tesla EVs. It says the Las Vegas Convention Centre Loop can cut travel time between venues from 45 minutes to just two.
Boring Co.'s new freight tunnels
The Boring Co.'s new tunnel designs would allow freight to be transported on purpose built platforms, labelled as “battery-powered freight carriers”. The document shows that, though the containers could technically fit within its current 12-foot tunnels, wider tunnels would be more efficient. Designs for a new tunnel, 21 feet in diameter, show that they can comfortably accommodate two containers side-by-side, with a one-foot gap between them.
The Boring Co.’s new drilling machine, dubbed Prufrock, can tunnel at a rate of one mile per week, which is six times faster than its previous machine, and is designed to ‘porpoise’ - mimicking the marine animal by ‘diving’ below ground and reemerging once the tunnel is complete.
Tesla’s supply chain woes
Tesla is facing its own supply chain and logistic issues. The EV manufacturer has raised the price of its vehicles, with CEO Musk confirming the incremental hike was a result of “major supply chain pressure”. Musk replied to a disgruntled Twitter user, confused as to why prices were rising while features were being removed from the cars, saying the “raw materials especially” were a big issue.
Car manufacturing continues to be one of the industries hit hardest by a global shortage in semiconductor chips. While China’s chip manufacturing levels hit an all-time high in May, and the US is proposing a 25% tax credit for chip manufacturers, demand still outstrips supply. Automakers including Volkswagen and Audi have again said they expect reduced vehicle output in the next quarter due to a lack of semiconductors, with more factory downtime likely.
Top Image credit: The Boring Company / @boringcompany