A supply chain is a network of facilities that procure raw materials, transform them into intermediate goods and then final products to customers through a distribution system. It refers to the network of organizations, people, activities, information, and resources involved in delivering a product or service to a consumer.
ByKPMG
With digital opportunities sweeping the supply chain landscape, readiness and line of sight will be paramount to success. Advanced technologies are shaking up the supply chain world. With quickly evolving capabilities across generative AI, data analytics, automation, machine learning, Internet of Things (IoT), blockchain and more, the ‘smart’ supply chain is well on its way…
ByHBR.org
Summary. As they strive to make their supply chains more resilient, global companies are grappling with two challenges: the difficulty in discerning potential sources and the extended time required to find, vet, and onboard new suppliers. Companies such as Walmart, Tyson Foods, Koch Industries, Maersk, Siemens, and Unilever are using AI tools to swiftly find…
The logistics sector follows the lead in process automation, technological innovation, and environmental conservation in a constantly changing terrain. Logistics organizations need to quickly adjust to innovative technologies, cutting-edge procedures, and strategic approaches in order to survive and prosper in this age of intense competition. As logistics technology continues to advance, the sector should anticipate…
ByEY
Companies are making their supply chains more cost-efficient, resilient and sustainable in an increasingly uncertain world. Over the last couple of decades, many supply chains have become linear global chains, stretched to their limit in pursuit of efficient, mass production with low-cost countries, just-in-time inventory and limited inherent resilience. These models were geared towards growing…
Our core scenario is that 2023 is the year that supply chains return to normal and companies turn to long-term supply chain strategies. We identify 10 data points that show supply chains mostly returning to normal, though there are notable areas of concern. We also flag what’s next for each measure. Excerpt from the beginning…
ByGartner
73% of Average Supply Chain IT Budget Will Be Allocated to Growth and Performance As organizations place greater emphasis on supply chain management, Chief Supply Chain Officers (CSCOs) intend to grasp their collective opportunity to invest in growth through new technology investments, according to Gartner, Inc. In a survey of 499 supply chain leaders from…
