Relocation of manufacturing and product sourcing to emerging economies is no longer the gold standard for global businesses, according to a study from the University of Tennessee, Knoxville's, Global Supply Chain Institute.
Outside risks can stretch supply chains' capabilities to the breaking point, but executives who run them often fail to develop risk contingency plans, according to a new study from the Global Supply Chain Institute at the University of Tennessee, Knoxville.
Organizations that closely integrate their purchasing and logistics functions deliver better business results, according to a new study from the Global Supply Chain Institute at the University of Tennessee, Knoxville. But the study, involving more than 180 supply chain professionals, also shows that many firms fail to capitalize on this opportunity and have supply chains where purchasing and logistics operate in "silos" with little cohesion.
Supply-chain professionals have been sounding the warning bell about the coming talent shortfall for several years now. But who's listening? At a time when the economy at large is coping with high unemployment and sluggish job growth, the notion of a sector that can't attract enough qualified bodies is tough to grasp. Still, that's the reality in the supply-chain world today, and it's only going to get worse.