As we all know, 2020 is a year like no other, so we asked some of our employees to describe 2020 in one word and share their hopes for 2021. Tap on the words to see what our team has to say!

The year 2021 is what people call the “Bitcoin Year“, and the reason is self-explanatory. This recent bull-run has brought to the crypto community not only vendors but also institutions and big businesses. Elon Musk invested $1.5 billion in Bitcoin, and in less than a month, he got a $1 billion profit. Therefore, the news spread quickly. A huge wave of people joined the crypto hype, bringing Bitcoin to a market cap of $1.7 trillion. But what if I told you that Bitcoin is not your ticket to a life without financial worries? Who says that? A person who caught

The post Ken The Crypto tells You How to Get the Most out of the 2021 Bull Run first appeared on Bitcoins In Ireland.

The Dead Cells Giant is a special tier 2 boss. It was added with the Reign of the giants update for the base game....

It’s still rare enough that you hear about crypto on the radio, but while listening to Radio Nova this morning I heard an ad from established gold traders Core Bullion Traders. Based in Frances Street, Dublin 8, they have been around for quite some time, but what caught my attention was that they were making a push now into the crypto space. They offer a wide variety of physical gold, ranging from 1 gram pieces, all the way up to kilogram bars of gold, which when paid for are available for collection. They have partnered with a payment gateway which

The post Core Bullion Traders now accepting crypto for gold first appeared on Bitcoins In Ireland.

Vigilant Aerospace Systems has been invited to speak at the upcoming AUVSI Business of Automated Mobility (BAM) Virtual Forum event on June 23-24, 2021. The session titled “Developing and Testing a Real-World, Beyond Visual Line-of-Sight, Multi-Sensor Detect-and-Avoid System for sUAS” will feature a presentation from Vigilant Aerospace Systems CEO Kraettli Epperson followed by a brief […]

The post Vigilant Aerospace Presenting “Developing & Testing a Real-World BVLOS Multi-Sensor DAA System for sUAS at 2021 AUVSI BAM Forum appeared first on Vigilant Aerospace Systems, Inc..

There are too many stories out there that promise new kinds of airplanes, amenities, and airports. We are not going to lie… when we see these stories, we get pumped.

“Radical...we can’t wait until we fly in an electric airliner that flies at three times the speed of sound and takeoffs and lands at an airport racetrack!”

We are told that these things are coming "very soon," but we wait and wait and wait. Nothing. We have gotten sick and tired of getting emotionally AvGeek hurt (that is a thing) because these technologies never come through. Instead of just sitting around, we decided to do something about it!

INTRODUCING THE SlingPlane 5001-200NWN (No Wings Needed)

We knew this endeavor of building our own plane was not going to be easy, but we have made such tremendous progress. We didn’t want to make the same mistakes of the others who had tried before us, so we quickly skimmed all their business plans (aka looked at the photos) and made solid assumptions on what went wrong. Here are the most common issues we found that led to failure:

The post The Future of Airline Travel: The SlingPlane 5001-200NWN appeared first on AirlineReporter.

Introducing: Light Theme, Turbo, Participation Medals, and more.It’s been a busy year so far at the Challengermode office and with a lot of exciting...

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 Many have focused on the Ever Given episode as a symbol for the dangers of international shipping.  Some have discussed it in terms of "choke points" such as the Suez Canal where when one thing goes wrong entire supply chains are disrupted.  And, some have taken it as an opportunity to discuss the topic of the size of the ships.  Have ships become too big?  What happens when there is a problem with a 20K TEU ship?

All of these are very important questions and are being addressed however I believe the question is even bigger.  It is about how we structure our supply chains.  It is about the age old debate of efficiency v. resilience.  Basically, how much insurance are you willing to buy to mitigate the potential of disruption? 

Start with inventory.  What is inventory?  As I have discussed previously, inventory is merely a buffer of product to substitute for the lack of perfect information. In fact, Lean teachings tell us that inventory is considered waste.  What do good managers do with waste?  They try and eliminate it.  

So, as we have done over the years companies have fallen in love with the idea of eliminating inventory because it makes the balance sheet look amazing.  But, is inventory really waste?

I submit that inventory is not waste just like your fire and auto insurance is not waste.  Think of your insurance policies.  You may pay a couple hundred dollars a month for a product you hope you will never use!  Wouldn't you consider that waste?  Well, not if you are protecting your portfolio you wouldn't.  

So, now, let's go back to the Ever Given.  The lesson here is we need more insurance (read: resilience) in global supply chains.  If we have learned anything in the last year we have learned things will go wrong.  Buffer stocks help mitigate this.  

The next question is whether we will learn that lesson from this incident.  My answer is, I doubt it.  Efficiency drives short term results and effectiveness is for the long term.  Most businesses will not be able to resist the allure of the efficient.  Even if in the short term they sacrifice efficiency for effectiveness most will eventually look for efficiency.  Not only are businesses likely to do it on their own but Wall Street will demand it for the publicly traded companies.  Another reason private companies will always have an advantage. 

What can a supply chain manager do?  Well, first, we can strike from our "lists of wastes" the word inventory.  Inventory, as I have hypothesized above, is not waste, it is insurance.  Second, become a story teller.  Supply chains in the age of COVID and Ever Given should be remembered for what they have become - stretched to the limit.  The mantra of "Never Forget" comes to mind. 

If you have doubt of my position look at my favorite graph (posted here for years) measuring, for the United States, our sales to inventory ratio:

Notice the far right of this graph.  Here you will see our inventories in the US relative to our sales is at the lowest point since April of 2012.  This is what leads us, as consumers, to scramble for everything.  

Let's not make it so every generation has to learn the same lesson.  Let's build resilient supply chains.  

The entire mega-industry that is Global Tourism has been one of the hardest hit by the 2020 pandemic. From opulent resorts...