Many supply chains still rely on linear strategies to manage their supply chains, resulting in poor planning, excess inventory, a lack of transparency into order status, and, ultimately, reduced sales and margins.
With real-time data, businesses can gain greater visibility and insight into their supply chains and identify where to cut costs, how and when to pivot, and how to make smarter, more informed decisions.
A supply chain crunch that was meant to be temporary now looks like it will last well into next year as the surging delta variant upends factory production in Asia and disrupts shipping, posing more shocks to the world economy.
Mounting inflation will weigh on 3M Co. through year-end as spiking prices for everything from polypropylene, chemicals and other raw materials to logistics and labor show no signs of abating, Chief Executive Officer Mike Roman said.
The latest news, analysis, trends and solutions regarding supply chain finance and revenue management. New technologies in finance and revenue management are transforming the way companies operate - and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are using finance and revenue management solutions for supply chain optimization.
Wake up to Coronavirus Updates and the latest Supply Chain News!
Subscribe to our Daily Newsletter
Timely, incisive articles delivered directly to your inbox.