The supply chain ecosystem won’t revert to its pre-pandemic state. With this in mind, manufacturing organizations are placing top priority on modernizing procurement technology.
The luster of China as a source of low-cost production has been progressively fading, and the push for more responsible supply chains extends well beyond measuring carbon emissions.
While ESG efforts have long aimed to increase transparency, many leaders are realizing that we’re moving past bare-minimum standards into an era of full visibility.
Retailers are stuck with questions: What happens if there aren’t enough drivers to transport products on time? How do we get more drivers with profits down? And how do we provide a cushion for elevated diesel costs?
The continued disruption of supply chains suggests that the challenges of the COVID-19 era have been more than a blip in an otherwise stable period of global business. It’s time to take proactive action to prepare.
The pandemic has inflicted serious damage in the last two and a half years, but there may be a silver lining for companies smart enough to take advantage of the opportunity to develop a more resilient supply chain.