Yossi Sheffi

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Yossi Sheffi
Yossi Sheffi - PopTech 2012 - Reykjavik Iceland (7466960290).jpg
Born (1948-04-10) April 10, 1948 (age 76)
Jerusalem, Mandatory Palestine
Alma mater Massachusetts Institute of Technology (MS, PhD)
Technion – Israel Institute of Technology (BSc)
Known for Logistics and Supply Chain Management
Scientific career
Fields Supply chain management, System optimization
Institutions Massachusetts Institute of Technology
Thesis Transportation Networks Equilibration with Discrete Choice Models  (1978)
Doctoral advisor Fred Moavenzadeh
Carlos Daganzo
Doctoral students Cynthia Barnhart
Hani Mahmassani

Yossi Sheffi (born April 10, 1948) is the Elisha Gray II Professor of Engineering Systems at the Massachusetts Institute of Technology. He founded or co-founded five companies, has authored numerous scientific publications and nine books. [1]

Contents

He obtained his BSc from the Technion in Israel in 1975, his SM from MIT in 1977, and PhD from MIT in 1978. He now resides in Boston, Massachusetts. [2]

Life and work

Yossi Sheffi has served as the Director of the MIT Center for Transportation and Logistics since 1992. From 2007 to 2012 he was the Director of the MIT Engineering Systems Division. He is the founding Director of MIT's Master of Supply Chain Management degree, established in 1998. In 2003 he launched the Zaragoza Logistics Center, situated in PLAZA, the largest logistics park in Europe. [3] In 2008 he launched the Center for Latin-American Logistics Innovation in Bogota, Colombia. In 2011 he launched the Malaysia Institute for Supply Chain Innovation in Kuala Lumpur.[ citation needed ]

Publications

Sheffi is the author of nine books: Urban Transportation Networks, a textbook on transportation networks optimization (Prentice Hall, October 1985), The Resilient Enterprise: Overcoming Vulnerability for Competitive Advantage (MIT Press, October 2005) and Logistics Clusters: Delivering Value and Driving Growth (MIT Press, October 2012), The Power of Resilience: How the Best Companies Manage the Unexpected, (MIT Press, September 2015), Balancing Green: When to Embrace Sustainability in a Business (and When Not To) (MIT Press, 2018), The New (Ab)Normal: Reshaping Business and Supply Chain Strategy Beyond Covid-19 (CTL Media, 2020), A Shot in the Arm: How Science, Engineering, and Supply Chains Converged to Vaccinate the World (CTL Media, 2021), Strategic Planning for Dynamic Supply Chains: Preparing for Uncertainty Using Scenarios (Palgrave, 2022), and The Magic Conveyor Belt: Supply Chains, AI, and the Future of Work (CTL Media, 2023).

The Wall Street Journal , in a review of The Resilient Enterprise, said the book is "the timely analysis of an important – and often overlooked – aspect of business strategy. Mr. Sheffi argues that crisis control can be a competitive advantage for companies that get it right." [4]

The Resilient Enterprise was selected by the Financial Times as one of the best Business Books of 2005. "...Sheffi shows managers how to build flexibility into all areas of their businesses," the review said. [5]

The book received "Book of the Year" award [6] in the category of Business and Economics from Forward magazine.

Academic publications include:

Non-academic publications include:

Entrepreneurship

Yossi Sheffi has founded and co-founded five companies:

Major honors and awards

Media appearances

In an interview with CIO Magazine entitled "Captain Contingency", Sheffi gave his views on what companies should be doing to emulate firms like Wal-Mart and The Home Depot that perform well in natural disasters. "...Communication is key and I’ve found that resilient companies communicate obsessively." [20]

In a 2009 interview with the MIT Sloan Management Review, Sheffi said that economics would take precedence over the environment in the short term: "The next two, three years will be utterly dominated by the financial crisis, so I’m really hesitant to talk beyond that because every decision counts...For companies, it will boil down to having to make money." [21]

In a December 28, 2009 New York Times op-ed article on Airport Security prompted by the near-miss attack on a Detroit-bound plane by a Nigerian man, Sheffi stated: "We were lucky that in addition to the malfunctioning bomb, there were no further attacks — so treating the terrorist as a common criminal did not cause more disasters. But would this be the same next time?" [22]

Other interviews and profiles:

In 2010 Sheffi participated in CNBC's Executive Vision program dealing with global logistics. He explained the role of logistics software in creating the efficiency of the global logistics companies. [23]

In November 2010, Sheffi was interviewed on Bloomberg Television in a segment dealing with air security cargo. He analyzed the possibilities and costs of increased cargo scanning on cargo planes. [24]

On December Sheffi was interviewed on CNN's Anderson Cooper 360, explaining the reasons for the airline delays that hit the US Northeast. [25] A more complete explanation was published by the MIT Press blog. [26]

In 2010, Sheffi weighed in on the question of security for international flights that cross but do not touch down in the United States in The Washington Post. "We have tens of millions of packages flying almost every night," Sheffi said. "…There has to be a balance between acceptable risk and economics." [27]

In 2019, at an MIT faculty meeting, Sheffi defended [28] MIT's decision [29] to take money from convicted sex offender Jeffrey Epstein, arguing that "MIT did nothing illegal" and comparing those who said MIT should have categorically refused the money to "children who only deal in absolutes." [30]

Related Research Articles

<span class="mw-page-title-main">Supply chain management</span> Management of the flow of goods and services

In commerce, supply chain management (SCM) deals with a system of procurement, operations management, logistics and marketing channels, through which raw materials can be developed into finished products and delivered to their end customers. A more narrow definition of supply chain management is the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronising supply with demand and measuring performance globally". This can include the movement and storage of raw materials, work-in-process inventory, finished goods, and end to end order fulfilment from the point of origin to the point of consumption. Interconnected, interrelated or interlinked networks, channels and node businesses combine in the provision of products and services required by end customers in a supply chain.

<span class="mw-page-title-main">Logistics</span> Management of the flow of resources

Logistics is the part of supply chain management that deals with the efficient forward and reverse flow of goods, services, and related information from the point of origin to the point of consumption according to the needs of customers. Logistics management is a component that holds the supply chain together. The resources managed in logistics may include tangible goods such as materials, equipment, and supplies, as well as food and other consumable items.

<span class="mw-page-title-main">Supply chain</span> System involved in supplying a product or service to a consumer

A supply chain is a complex logistics system that consists of facilities that convert raw materials into finished products and distribute them to end consumers or end customers. Meanwhile, supply chain management deals with the flow of goods in distribution channels within the supply chain in the most efficient manner.

<span class="mw-page-title-main">Ryder</span> American transportation company

Ryder System, Inc. is an American transportation and logistics company, specializing in truck rental and leasing, fleet management, supply chain management, and transportation management. It also offers full-service leasing, rental and maintenance, used vehicle sales, transportation management, professional drivers, e-commerce fulfillment, and last-mile delivery services. The company is headquartered in Coral Gables, Florida, and operates in the United States and United Kingdom.

Toll Group operates a logistics and global freight forwarding network spanning 150 countries, with over 20,000 customers. Toll has more than 16,000 team members across 500 sites.

A supply network is a pattern of temporal and spatial processes carried out at facility nodes and over distribution links, which adds value for customers through the manufacturing and delivery of products. It comprises the general state of business affairs in which all kinds of material are transformed and moved between various points to maximize the value added for customers. In the semiconductor industry, for example, work-in-process moves from fabrication to assembly, and then to the test house.

Infor Nexus is an independent business unit of Infor LLC offering a multienterprise supply chain network. The on-demand global supply chain management platform and integrated applications are used worldwide by businesses to manage global direct procurement, supplier networks, global logistics and global trade processes. Founded in 1998, in Oakland, California, it merged with TradeCard in 2013, and in September 2015, GT Nexus was acquired by Infor. Today, Infor Nexus is a business unit of Infor.

Blue Yonder Group, Inc. is an American supply chain management company operating as an independent subsidiary of Panasonic. Founded in 1985, the company is headquartered in Scottsdale, Arizona, with offices globally. Its acquisitions have included Yantriks, RedPrairie, i2 Technologies, Manugistics, E3, Intactix, and Arthur.

<span class="mw-page-title-main">Navy Supply Corps School</span> U.S. Navy training course

The Navy Supply Corps School (NSCS), located in Newport, Rhode Island, comprises a 20-week training "Basic Qualification Course" (BQC) and other courses for newly commissioned and other Supply Corps officers in the US Navy. Those who successfully complete the courses are designated Ready for Sea in the Navy Supply Corps.

<span class="mw-page-title-main">Exel</span> Logistics company

Exel was a supply chain and logistics company operating in North America and Europe, which became a subsidiary of the German firm Deutsche Post in 2005. It reported annual revenues of about $4.2 billion in February 2012.

<span class="mw-page-title-main">Wolfgang Lehmacher</span>

Wolfgang Lehmacher is an international expert, thought leader, technology evangelist, and practitioner in the field of supply chain, transport, and logistics. He has been involved in various transformational initiatives in the industry. The seasoned executive with vast global industry experience anchored in dozens of positions in management and on boards of directors is also a prolific writer and regular speaker at events all across the globe. Important roles include president and CEO of GeoPost Intercontinental, the global investment and expansion vehicle of French La Poste, and director, head of Supply Chain and Transport Industries at the World Economic Forum. The business mentor is advisor to RISE and Global:SF, a not-for-profit organization dedicated to paving the way for international companies to locate, invest, and grow in the San Francisco Bay Area while helping local companies expand into global markets. As an advocate of the circular economy, he is involved in CIRPASS, an EU-funded digital product passport initiative. He also is a member of the Ethical Committee that informs Dynex Moonshots, the investment, strategic, and ethical steward of the Dynex Ecosystem. Dynex is the world's only accessible neuromorphic quantum computing cloud. Jointly with other experts and academics he also conducts surveys like a Claros study, a new method that starts with a ChatGPT-generated list of issues validated by a pool of experts, yielding actual schools of thought in the maritime industry. With his engagement in numerous publications, including the books Wie Logistik unser Leben prägt, Logistik im Zeichen der Urbanisierung, Disrupting Logistics - Startups, Technologies, and Investors Building Future Supply Chains, Circular Economy, and Maritime Decarbonization he contributes to the public discourse. Many of his books have been published at Springer Gabler. He is a Financial Times, Nikkei Asian Review, Business Insider, World Economic Forum Agenda and BVL-Blog contributor. Lehmacher contributes to a broad range of papers, such as "How Technology Can Unlock the Growth Potential along the New Silk Road", "Blockchain Technology for Ports", "Impact of the Fourth Industrial Revolution on Supply Chains", "Trade Tech – A New Age for Trade and Supply Chain Finance", and “Reducing port city congestion through data analysis, simulation, and artificial intelligence to improve the well-being of citizens”. Lehmacher is the lead author of the “Practical Playbook for Maritime Decarbonisation”.

<span class="mw-page-title-main">CaseStack</span> American company

CaseStack was an American company that provided supply chain management (SCM) services, including warehousing, transportation, and supply chain management software (SCMS) to consumer packaged goods companies (CPGs). It used a proprietary software as a service platform for its collaborative retailer consolidation programs. CaseStack has been recognized in Food Logistics' Top 85 3PL Providers, Global Logistics & Supply Chain Strategies 100 Great Supply Chain Partners and Inbound Logistics' Top 100 3PL Providers.

<span class="mw-page-title-main">John Anthony Harvey</span> British entrepreneur and logistician (born 1935)

John Anthony Harvey is a British entrepreneur and logistician whose seminal contribution was to lead the intercontinental logistics service provider Tibbett & Britten Group plc during a 20-year period of diversification and growth. He is an Ambassador, and former Chairman of the Trustees, of Transaid Worldwide - the international transport charity. Since 2004 he has Chaired The Keswick Enterprises Group Limited, a UK-based private equity investor.

Third-party logistics is an organization's long term commitment of outsourcing its distribution services to third-party logistics businesses.

John Galt Solutions is a software company that provides forecasting and supply chain management software.

Sterling Commerce was a software and services company providing Omni-Channel Commerce, B2B including Electronic data interchange (EDI) translation software and one of the first B2B Integration platforms and managed file transfer ("MFT") products such as Connect:Direct. Sterling Commerce was headquartered near Columbus, Ohio in Dublin, Ohio. SBC Communications acquired Sterling Commerce, then SBC merged with AT&T, who sold Sterling Commerce to IBM. Sterling Commerce's Columbus, Ohio campus is now an IBM facility.

<span class="mw-page-title-main">Prologis</span> American real estate company

Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities. The company was formed through the merger of AMB Property Corporation and Prologis in June 2011, which made Prologis the largest industrial real estate company in the world. As of December 2022, the company owned 5,495 buildings comprising about 1.2 billion square feet in 19 countries across North America, Latin America, Europe, and Asia. According to The Economist, its business strategy is focused on warehouses that are located close to huge urban areas where land is scarce. It serves about 6,600 tenants. Prologis began to expand its non-real estate business, Essentials, in 2022, offering customers solar power, racking systems, forklifts, generators, EV charging infrastructure, and other logistics tech equipment for purchase.

MISI University, formerly known as Malaysia Institute for Supply Chain Innovation (MISI), is a supply chain focused university located in Shah Alam, Selangor, Malaysia. The university was launched as a joint initiative between the Massachusetts Institute of Technology (MIT) and the Government of Malaysia on March 22, 2011.

David Simchi-Levi is an American academic working as a Professor of Engineering Systems at Massachusetts Institute of Technology. He is also the founder or co-founder of several companies. Simchi-Levi's research focuses on supply chain management, revenue management, and business analytics.

Supply chain resilience is "the capacity of a supply chain to persist, adapt, or transform in the face of change".

References

  1. ↑ "Professor Yossi Sheffi Books Page". sheffi.mit.edu/. Retrieved May 18, 2023.
  2. ↑ "Yossi Sheffi". Center for Transportation and Logistics.
  3. ↑ "Biography for Professor Yossi Sheffi," SCM World.
  4. ↑ Anders, George (September 27, 2005). "What to do Before Disaster Strikes". The Wall Street Journal . Retrieved April 7, 2012.
  5. ↑ James Pickford, "The Best Business," Financial Times, December 9, 2005.
  6. ↑ "Business & Economics « 2005 Winners « Book of the Year Awards « ForeWord Reviews". Archived from the original on July 8, 2011. Retrieved February 28, 2011.
  7. ↑ Sheffi, Yossi (October 2020). The New (Ab)Normal. MIT CTL Media. ISBN   9781735766126 . Retrieved November 24, 2020.
  8. ↑ Ryder Systems Acquires LogiCorp Inc., New York Times, April 12, 1994.
  9. ↑ David Diamond, "The trucker and the professor", Wired, September 2006.
  10. ↑ Kurt Peters, "Retek buys supply chain collaboration technology from Syncra Systems," Internet Retailer, November 16, 2004.
  11. ↑ "Home". icg.com.
  12. ↑ Joe Bousquin, "Aspen Technology Buys Internet Marketplace for Chemicals Archived July 17, 2011, at the Wayback Machine ", The Street, January 24, 2001.
  13. ↑ Renee Boucher Ferguson, "Manhattan Associates Buys Logistics.com", eWeek, January 2, 2003.
  14. ↑ "Archived copy". Archived from the original on June 14, 2011. Retrieved February 28, 2011.{{cite web}}: CS1 maint: archived copy as title (link)
  15. ↑ "MIT awarded Aragon International Prize", MIT News, April 27, 2009.
  16. ↑ "Operations Research Center Honors and Awards 2008-2009".
  17. ↑ "The Resilient Enterprise Named "2005 Book of the Year Archived July 20, 2011, at the Wayback Machine ", MIT Center for Transportation and Logistics web site.
  18. ↑ James Pickford, "The Best Business," Financial Times, December 9, 2005.
  19. ↑ Council of Logistics Management web site.
  20. ↑ Susannah Patton, "Captain Contingency", CIO Magazine, March 2006.
  21. ↑ Michael S. Hopkins, "Sustainability: Economy then Environment," MIT Sloan Management Review, May 21, 2009.
  22. ↑ Yossi Sheffi, "What’s Missing in Airport Security?" New York Times, December 28, 2009.
  23. ↑ "Latest News". CNBC. November 4, 2014. Retrieved September 10, 2023.
  24. ↑ "Massachusetts Institute of Technology's Sheffi Interview". Bloomberg.
  25. ↑ "Video: Passengers stuck days after blizzard". CNN. December 30, 2010. Archived from the original on July 9, 2012.
  26. ↑ "Airline Delays".
  27. ↑ Ashley Halsey III, "Cargo that flies over the United States doesn't get screened to federal standards," Washington Post, December 27, 2010.
  28. ↑ "President Reif addresses ties between MIT and Epstein at faculty meeting".
  29. ↑ "MIT releases results of fact-finding on engagements with Jeffrey Epstein". January 10, 2020.
  30. ↑ September 18, 2019 Faculty Meeting: Summary Minutes mit.edu
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