The availability of labor (or lack thereof) is requiring us to think differently about network strategy and site selection. Distribution network strategy is no longer just about optimizing traditional costs (transportation, operating expense, fixed costs and capital). Today, when evaluating different network strategies, total supply chain cost, including availability, cost and quality of labor, real estate occupancy costs, inventory working capital and possible economic incentives must be considered alongside service level improvements that drive revenue growth. -Chirag Modi, Director, Global Strategy, Fortna Inc., and Tray Anderson, Vice President, Strategy, Fortna Inc.
Historic disruption is happening across the food and beverage industries. Changes in consumer preferences and rapid consolidation have created a challenging business environment for many companies. Response to these pressures can't happen fast enough, especially for companies that have historically dominated the market. Shrinking margins and revenue declines mean there is less cash on hand to invest in innovation – and that's driving companies to find new ways to improve cash flow. -Tom Roberts, SVP Global Marketing, PrimeRevenue
J.M. Smucker Co. is recalling several shipments of dog food after an independent investigation found traces of pentobarbital, a euthanasia drug, in samples from a range of popular brands.
The huge security flaw discovered in chips made by Intel Corp., AMD and ARM is threatening nearly all computers, servers, TVs, phones and other mobile devices.
President Trump suggested this week that the United States was likely to impose restrictions on imported metals, reviving the prospects for a continuing investigation whose future has been called into question amid months of pushback and delays.
Chief supply chain officers (CSCOs) say the gap between today's skill sets and those needed in three to five years is enormous. Most view access to top-tier talent as a larger barrier to innovation than access to capital. It doesn't help that supply chains are challenged to compete for talent with companies that Millennials strongly identify with. This is especially true when it comes to recruiting for positions like data scientists and analytics talent. -John Johnson, Senior Content Specialist, Gartner
Challenge: A large food manufacturer was using an arduous manual process to manage its freight. The company knew something had to change to eliminate extensive paper chasing, faxing, repetitive work and wasted time. But with the high volume of inbound and outbound freight to manage, a time-consuming implementation of a TMS wasn't feasible.
Companies adopting an intelligent operations strategy to manage their supply chains will be in the best position to succeed in the future — if they have the right talent.