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Focus on Resiliency in Operations Tops Predictions for Supply Chains in 2014

Operational resiliency will be the focus of supply chain strategies this year and beyond, according to IDC Manufacturing Insights, which released its top 10 supply chain predictions for the year.

The other nine predictions include:

• Prediction #2: Supply chain technology investment will involve modernizing existing systems while also trying new approaches.

• Prediction #3: Volatile demand and extending supply will put pressure on supply networks to be closer to demand.

• Prediction #4: The need to be faster will require manufacturers to explore more deeply integrated supply chain planning and fulfillment functions.

• Prediction #5: No longer exclusive to consumer industries, manufacturers will look for ways to further develop a "demand orientation" through demand sensing and capture.

• Prediction #6: Manufacturers will prioritize risk and resilience capabilities, particularly in supply chain monitoring and visibility.

• Prediction #7: Global trade management will mature as a critical capability in managing growth in emerging markets.

• Prediction #8: Manufacturers will renew interest in the data management and governance organization in 2014.

• Prediction #9: In the context of procurement and interest in driving more productive collaboration, B2B commerce networks will become anthropological "dig sites".

• Prediction #10: Manufacturers will seek new ways to extract data-driven value, leveraging mobile and cloud for access anywhere, anytime.

"In the context of the 3D value chain, operational resiliency is clearly dependent upon being demand aware and data driven, but it is also about digital execution: leveraging data to broaden and extend 'supply chain intelligence'; so IDC Manufacturing Insights expects that for 2014, operational resilience will come to the forefront and underpin manufacturers supply chain strategy moving forward," said Simon Ellis, Practice Director, Global Supply Chain Strategies for IDC Manufacturing Insights.

Source: IDC Manufacturing Insights

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