Alex Wakefield, chief executive officer of Longbow Advantage, says the inability of warehouses to take full advantage of the data that’s available to them is a greater threat to supply chain continuity than a containership blocking the Suez Canal.
International trade is complex due to global networks consisting of manufacturers, business partners, suppliers, and other third parties with the possibility of risk in every link within the supply chain. To successfully mitigate these potential risks, it is important for you to understand the myriad connections that may trigger exposure.
The No. 1 strategy for improving resilience and agility is to deepen collaborative relationships with key customers and suppliers, according to Gartner, and yet less than 10% of companies pursue these investments.
The latest news, analysis, trends and solutions regarding supply chain planning and optimization. New technologies in supply chain planning and optimization 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 planning tools and solutions for supply chain optimization.
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