News round-up: Supply chain change amidst profit, loss and industry disruption

In a bid to shift the costs of drugs for patients and hospitals, non-profit organisation, Civica RX, is preparing to up-end the supply chain for drug sourcing in...

In a bid to shift the costs of drugs for patients and hospitals, non-profit organisation, Civica RX, is preparing to up-end the supply chain for drug sourcing in the USA. According to Bloomberg, the company is aiming to address critical drug shortages by finding the quickest routes to market. Using a three-pronged approach that includes sourcing from existing drug companies and hiring contract manufacturers, Civica RX is looking to change the high cost of critical drugs and increase supplies. 

KPMG has released a report that outlines the risks and the hype that surround the digital supply chain. The report takes a long hard look at the security threat that comes in alongside digital investment and transformation and warns that cyber criminals are ‘realising that the shortest way is not through the front door, but through the “weaker links” that make up a digitally enabled supply chain’.

Still with KPMG and technology threats, another report released by both KPMG and Oracle examines the security gaps that exist in cloud services. The global survey is designed to provide decision makers with relevant insight into the threats with commentary from 450 participants.

In Canada, the Supply Chain Management Association (SCMA) celebrated its 100th anniversary and used this as an opportunity to announce the beneficiaries of the SCMA Fellow Award. The prestigious award that recognises excellence in supply chain leadership was given to Madeleine Paquin, President and CEO of Logistec Corporation in Montreal, and Robert Wiebe, Chief Administrative Officer for Loblaw Companies Limited in Toronto.

Data Analyst, Ken Gibson of Black Ink Technologies, examines how blockchain can play a pivotal role in reducing the increasing complexities of the supply chain. He points out that ‘supply chains have gotten to be ridiculously complex…’ and points to the growing need for reliability in management, administration, sourcing and control.

AP Møller Mærsk (APMM)’s fourth quarter results were released on 21 February, revealing a company still busy with its restructuring. The numbers released were didn’t impress investors, however, and it seems the company has a way to go before reaching the levels that will rebuild confidence.

Also in the news: Goldspot Discoveries, the first AI mining company, has just listed on the TSX Venture Exchange; the Tri-County Defense Supply Chain and Business Resource Fair allows for businesses to connect to government contracting; supply chain integrity solutions provider, Overhaul Group, announced that Robert Pocica has joined as a Senior Advisor to the board of directors; and Gizmodo wins the headline of the day with ‘Thank god phones are getting weird again’…

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