Yossi Sheffi

Timeline

2016
Ningbo Center Logo
Founded Ningbo Supply Chain Innovation Institute - Ningbo, China
2016
ITA Emblem
Served on Secretary of Commerce Advisory Committee on Supply Chain Competitiveness - Washington, DC
2016
MicroMasters Logo
The Center for Transportation and Logistics launches the MicroMasters in Supply Chain Management Program, MIT - Cambridge, MA
2015
Luxembourg Logo
Founded the Luxembourg Centre for Logistics - Luxembourg
2015
Power of Resilience Book Cover
Published The Power of Resilience: How the Best Companies Manage the Unexpected
2015
IDSS
Professor at Institute for Data, Systems, and Society at MIT - Cambridge, MA
2013
American Publishers Awards Logo
37th Annual PROSE Awards - American Publishers Awards for Professional and Scholarly Excellence
2012
Homeland Security Logo
Served on the Homeland Security Science and Technology Advisory Committee (until 2016) - Washington, DC
2012
Logistics Clusters Book Cover
Published Logistics Clusters: Delivering Value and Driving Growth
2011
Universidad de Zaragoza Logo
Presented with honorary doctorate from the University of Zaragoza
2011
MISI Logo
Founded Malaysia Institute for Supply Chain Innovation and became Adjunct Professor- Shah Alam, Malaysia
2009
Gobierno de Aragón Logo
Presented with the Aragón International Prize by the Government of Aragón - Zaragoza, Spain
2009
SOLE Logo
Received the Eccles Medal for excellence in logistics education
2009
MIT Logo
Awarded named professorship, Elisha Gray II Professor of Engineering, MIT - Cambridge, MA
2008
CLI Logo
Founded the Center for Latin-American Logistics Innovation (CLI) - Bogotá, Colombia
2007
MIT ESD Logo
Director of the Engineering Systems Division at MIT - Cambridge, MA
2005
Resilient Enterprise Book Cover
Published The Resilient Enterprise: Overcoming Vulnerability for Competitive Advantage
2005
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The Resilient Enterprise named Book of the Year by ForeWord Magazine (now ForeWord Reviews), in the category of Business and Economics
2005
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Retek, Inc. acquired by Oracle, Syncra software rebranded as Oracle Value Chain Collaboration
2005
Financial Times Logo
The Resilient Enterprise listed as one of the Best Business Books by the Financial Times
2004
Retek Logo
Syncra Systems acquired by Retek, Inc.
2004
MIT SCALE Network Logo
Founded Global SCALE Network at MIT - Cambridge, MA
2003
Logistics.com Manhattan Associates logo
Logistics.com acquired by Manhattan Associates
2003
ZLC Logo
Founded Zaragoza Logistics Center (ZLC) and became Adjunct Professor - Zaragoza, Spain
2002
Clare Hall Cambridge Logo
Life member of Clare Hall at Cambridge University - Cambridge, UK
2000
Aspen Technology Logo
e-Chemicals acquired by Aspen Technology
2000
Logistics.com logo
Founded logistics.com
1998
e-Chemicals Logo
Co-founded e-Chemicals
1998
MIT SCM Logo
Founded the Master's of Supply Chain Management at MIT - Cambridge, MA
1997
CSCMP Logo
Recieved the Distinguished Service Award from Council of Supply Chain Management Professionals
1997
Syncra Systems Logo
Co-founded Syncra Systems
1996
Sabre logo
PTCG aquired by The Sabre Group
1996
SCMI Logo
Presented with the Anderson Award for Best Paper in the International Journal of Logistics Management
1994
Ryder Logo
LogiCorp aquired by Ryder Systems
1992
MIT CTL Logo
Director of the Center for Transportation and Logistics at MIT - Cambridge, MA
1992
CSCMP Logo
E. Grosvener Best Paper Award
1989
Informs Logo
Franz Edelman Award from INFORMS
1988
LogiCorp Logo
Co-founded LogiCorp
1988
MIT CEE logo
Head of the Civil Engineering Department's Transportation Systems Division at MIT - Cambridge, MA
1987
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Co-founded Princeton Transportation Consulting Group (PTCG)
1985
MIT CEE logo
Best Teacher Award from the Department of Civil and Environmental Engineering, MIT - Cambridge, MA
1985
MIT CEE logo
Professor of Civil and Environmental Engineering, MIT - Cambridge, MA
1984
Urban Transportation Networks Book Cover
Published Urban Transportation Networks: Equilibrium Analysis with Mathematical Programming Methods
1981
MIT CEE logo
Associate Professor of Civil and Environmental Engineering, MIT - Cambridge, MA
1978
MIT CEE logo
Assistant Professor of Civil and Environmental Engineering, MIT - Cambridge, MA
1978
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PhD in Civil Engineering, MIT - Cambridge, MA
1976
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MS in Civil Engineering, MIT - Cambridge, MA
1975
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BS in Civil Engineering, Technion - Haifa, Israel
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Dr. Yossi Sheffi is the Elisha Gray II Prof. of Engineering at the Massachusetts Institute of Technology, where he serves as Director of the Center for Transportation & Logistics. He is an expert in systems optimization, risk analysis and supply chain management.

He is the author of several best-selling and award-winning books, including The Power of Resilience (MIT Press, 2015), Logistics Clusters (MIT Press, 2012), The Resilient Enterprise (MIT Press, 2005) and Urban Transportation Networks (Prentice Hall, 1985).

Yossi has consulted with leading enterprises and founded or co-founded five successful companies: LogiCorp (acquired by Ryder in 1994); PTCG (acquired by Sabre in 1996); e-Chemicals (acquired by AspenTech in 2001); Logistics.com (acquired by Manhattan Associates in 2003); and Syncra Systems (acquired by Retek in 2004).

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Positions

MIT Positions:

  • Director, Center for Transportation & Logistics, 1992 - present
  • Founder and Director, Supply Chain Management Master's Program 2001 - present
  • Head, Engineering Systems Division, 2008 - 2012
  • Head, Civil Engineering's Transportation Systems Division, 1988 - 1992

MIT Titles:

  • Elisha Gray II Professor of Engineering Systems
  • Professor of Civil and Environmental Engineering

Other Academic Positions:

  • Professor, Zaragoza University, 2001 - present
  • Fellow, Clare Hall, Cambridge University, UK, 2002 - present
  • Adjunct Professor, Zaragoza Logistics Center, Spain, 2003 - present
  • Adjunct Professor, Malaysia Institute of Supply Chain Innovation, Shah Alam, Malaysia, 2011 - present

Committee and Association Membership

  • Department of Commerce Supply Chain Competitiveness Advisory Council, 2016 - present
  • Homeland Security Science and Technology Advisory Committee, 2012 - 2016
  • The Institute of Operations Research and Management Science (INFORMS)
  • Council of Supply Chain Management Professionals (CSCMP)
  • Institute of Supply Management (ISM)
  • International Supply Chain Risk Management Network
  • Production and Operations Management Society
  • Industry Studies Association
  • Editorial Board, International Journal of Business Continuity and Risk Management
  • Production and Operations Management Society (POMS)
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Entrepreneurship

PTCG Logo_0_0.png

PTCG was founded in Princeton, NJ, in 1987 and moved to Burlington, MA in 1990. It was a software company developing optimization-based decision support systems for the motor carrier industry. Its main products for routing and scheduling are still used by most leading trucking companies in the US. The company also developed many other systems for motor carriers, addressing yield management, fuel optimization, bid response, and more. The company later developed decision support systems for shipper logistics, including transportation bidding optimization software.

In 1993 Yossi bought the company from the original partners and brought Tom Sanderson (now president of Transplace Inc.) to be the President and CEO. In 1996 PTCG was sold to The Sabre Group.

 

LogiCorp Logo_0.png

LogiCorp was a third party logistics company. It was founded as a subsidiary of Rockwell International by Yossi and Lorne Darnell in 1988 and was bought from Rockwell by Yossi and his partners in 1991.

LogiCorp was  the first non-asset-based 3PL (third party logistics management company) in the United States. It developed innovative carrier bidding strategies and offered an array of logistics consulting services. LogiCorp pioneered the integrated bid-award-payment-analysis process.

LogiCorp's leading clients included Mack Trucks, Ford New Holland, Volvo Trucks, United Technologies, Bush Industries, Tecumseh Industries, Simpson Industries, Lucas Industries, and many other companies, mostly in the automotive industry.

LogiCorp was sold to Ryder systems in April 1994. The company continued to grow under Ryder's management. Ryder's CEO, Tony Burnes, identified the acquisition of LogiCorp as Ryder's most successful acquisition.

 

Syncra logo

Syncra Systems was a team of industry experts in the fields of logistics, supply chain management, systems integration and software development. Its mission was to help trading partners collaborate effectively along the supply chain. Its first product, Syncra Ct, was an implementation of the VICS guidelines for collaborative planning, forecasting, and replenishment (CPFR).

Yossi co-founded Syncra in late 1997. The first round of funding was provided by Internet Capital Group and TL Ventures in spring 1998. A second round of funding of $14 million led by Zero Stage Capital was completed in March 1999. Yossi served as chairman of the board until 2002.

In 2005 the company was acquired by Retek Inc., which was acquired the next year in turn by Oracle Inc.

 

e-chemicals logo

e-Chemicals was an online distributor of industrial chemicals. e-Chemicals' business model relied exclusively on the capabilities of several partners. These included IBM for the technology, Yellow Freight for the logistics, and Sun Trust Bank for financial transactions. In addition, the company outsourced all of its staff functions.

e-Chemicals started operations in the summer of 1998. In April 1999, e-Chemicals completed a second round of funding with the Internet Capital Group. In December 2000, e-Chemicals was acquired by Aspen Technology, Inc. of Bedford, Massachusetts.

 

Logistics logo

Logistics.com was a transportation, logistics and supply chain management optimization software provider. The company founded in January 2000 with $30 million from Internet Capital Group and the acquisition of the logistics assets of The Sabre Group, and later that year acquired QuoteShip.com. Logistics.com provided software for buying, selling and managing transportation services online. It offered three main services: a full online transportation management system (TMS) capability; a range of multimodal transportation procurement services; and a suite of products which allowed carriers to optimize their operations.

In 2003 the company was acquired by Manhattan Associates Inc.

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Awards

2016 - Strategy + Business Magazine Best Business Books 2016

The Power of Resilience: How the Best Companies Manage the Unexpected (MIT Press, 2015), was selected by Strategy + Business Magazine as the Best Business Book on Strategy in 2016.

"Most corporate managers and business school professors simply accept globalization as an unalloyed good. After all, if your goal is to sell more of something, more potential customers must be better than fewer. But although globalization does hold out the promise of boosting revenues, cutting costs, or both, it also exposes companies to all manner of new risks. Yossi Sheffi’s The Power of Resilience: How the Best Companies Manage the Unexpected (MIT Press, 2015), our choice for the best business book on strategy this year, does an excellent job of covering the most important of those risks as well as best practices in everything from preparation to monitoring to drawing up crisis playbooks. And it does so while focusing on a relatively obscure corporate competence: supply chains. An entire book on supply chains would seem to be a slog and particularly narrow. But The Power of Resilience is actually a bit of a page turner, with implications that go beyond tactics to strategy. Sheffi delivers exactly what his subtitle promises. He makes a compelling argument in support of proactive moves designed to enhance redundancy and flexibility, while swatting away superficial conclusions such as the idea that supply chain resiliency is an expensive option that pays off only in a disaster." —Adapted from “Planning for Unpredictability,” by Duff McDonal

 

2012 - 37th Annual PROSE Awards-American Publishers Awards for Professional and Scholarly Excellence, The Association of American Publishers

The 37th Annual PROSE Awards — the American Publishers Awards for Professional and Scholarly Excellence — were presented at the Association of American Publishers' Professional and Scholarly Publishing Division Annual Conference in Washington. The PROSE awards honor the best in professional and scholarly publishing, as judged by peer publishers, librarians and academics. This year's competition attracted 518 entries of books, reference works, journals and electronic products in more than 40 categories; these represented the fifth consecutive year of a record-breaking number of entries.

Logistics Clusters: Delivering Value and Driving Growth was named an Honorable Mention in the Business, Finance & Management category.

 

2011 - Salzberg Lifetime Award, Syracuse University and the Whitman School of Management

Salzberg Award presentation

The Whitman School of Management's Franklin Supply Chain Management Advisory Board selected Yossi to receive the Salzberg Lifetime Award. The Salzberg Medallion has come to be recognized as one of the most prestigious awards in the field of transportation and supply chain management. Yossi was selected because of his lifetime achievements in the field of Logistics and Supply Chain Management. As a respected scholar, educator, innovator, and entrepreneur his contributions have made and will have a lasting legacy in supply chain management. At the Harry E. Salzberg Memorial program on Thursday, October 6, 2011, Prof. Sheffi delivered an acceptance speech titled, "Risk and Resilience - a Look into the Future". 

Congratulations letter from MIT President Susan Hockfield.

Original award letter.

 

2011 - Doctor Honoris Causa, University of Zaragoza, Spain

Yossi with degree and godfathers

Following 18 months of deliberations by faculty of the University of Zaragoza—with testimonies from the University's Research Institute, the Zaragoza Logistics Center (ZLC), the Department of Design and Manufacturing Engineering, the University of Zaragoza Doctoral Committee, and the Advisory Board—the Rector of the University of Zaragoza announced on October 27, 2010 that the University was to award the degree of Doctor Honoris Causa to Professor Yossi Sheffi. The ceremony took place on February 11, 2011 at the University of Zaragoza's Paraninfo Building, where all major formal ceremonies involving the Government of Aragon and the University of Zaragoza take place.

Press release following ceremony.

Yossi's Doctor Honoris Causa speech.

Original award letter.