If there ever was a strategic topic of critical importance no matter your position in the supply chain, it is keeping an eye on global markets. Are you making this a priority?
It is quite clear that staying on top of current trends and what is expected down-the-road is essential to successfully navigating your business to scalable, profitable growth.
Operational efficiencies, productivity improvements, and cost savings are the top-three strategic advantages of cloud-based supply chain management, according to an IDG survey of senior managers and directors around the world.
At the Southern California Supply Chain and Logistics Summit conference, there were several keynote speakers from industry icons such as Amazon, UPS, Union Pacific and more. One might expect quite a lot of interesting insights into the latest supply chain trends yet the most common theme among the presentations tied back to the skills gap.
Autonomous vehicles for all intensive purposes are "here". It will take some time with testing and regulations but there will be interesting impacts when considering some of the issues that plague transportation today.
Sears was the former Amazon just about 100 years ago, growing 50-fold within a decade with its world-famous catalog and then transforming from a mailing company to a brick-and-mortar giant.
Where are you sourcing from currently? Don't just jump on the new bandwagon of reshoring but you should give your total cost of ownership a second look as well as dig into your customers' expectations and sourcing impacts.
What might seem impossible to us might not be! Do you tend to write off ideas before considering their full value? Perhaps we should take a page from Wisconsin's playbook and look at the big picture, think long-term and mix it up a bit.