What are the major Supply Chain Trends to consider in today’s market?
Sophia Rodman Answered question January 16, 2024
Sure. Here are 3 major supply chain trends to consider in today’s market:
- Increased focus flexibility and agility. Supply chains will need to be able to adapt rapidly to the changes in demand, disruptions, and other uncertainties. Things like omni-channel capabilities, modular design, and collaborative partnerships will help improve agility.
- It’s going to be more important than ever to Leverage data and technology more and more. Supply chains are becoming increasingly data-driven with end-to-end visibility. Emerging tech such as AI, IoT sensors, blockchain, cloud computing, and control towers are being utilized ever more to enable this.
- Sustainability. From raw material sourcing to last-mile delivery, companies should be focusing on improving their sustainability through strategies like circular economy, waste reduction, renewable energy in operations, and transportation electrification.
Hope this is helpful for the locada.com community..
Gary A Answered question January 5, 2024