Recent disruptions have stretched supply chains like never before. For context, the pandemic caused a cumulative $4.6 trillion hit to global GDP over 2020 and 2021 per McKinsey. Hardware technology supply chains will take many more months to recover from component shortages. While enterprises have grappled with supply volatility for decades, the current scale of… Read More »Building Resilient and Agile Supply Chains
Logistics underpins the global economy, facilitating the movement of goods worldwide. However, the industry faces pressing challenges from disruptions, rising costs, sustainability concerns, and changing consumer expectations. Logistic operations must adapt quickly to new technologies, market dynamics, and societal pressures to remain efficient, resilient, and relevant. This comprehensive article analyzes the major trends poised to… Read More »The Future of Logistics: Key Trends Reshaping Operations in 2024 and Beyond
Supply chain transparency has rapidly evolved from a concept associated with premium brands to a business imperative across industries. As global supply chains grow increasingly complex, companies worldwide now face mounting pressures from consumers, investors and regulators to provide greater visibility into their operations and address ethical, social and environmental issues. In this comprehensive guide,… Read More »Building Authentic Supply Chain Transparency: A Comprehensive Guide
In today‘s highly competitive business environment, having flawless inventory management practices in place is not just a nice-to-have but an absolute necessity for success. Outdated methods or lack of oversight of inventory positioning can destroy profit margins and waste scare capital through costs such as demurrage, returns processing, and write-downs. Conversely, companies leveraging the full… Read More »The 6 Critical Benefits of Modern Inventory Management Practices
Table of contents Introduction 5 Critical Types of Supplier Risk Common Causes and Contributing Factors Potential Impacts and Damages Risk Mitigation Strategies Leveraging Technology for Visibility and Control Best Practices for Managing Supplier Risk Conclusion Introduction Supplier risk encompasses any potential disruption, failure, compliance issue, or other problems arising from suppliers that can adversely impact… Read More »Supplier Risk in 2024: An In-Depth Analysis and Effective Strategies
Efficient vendor management is crucial for supply chain resilience, cost optimization, and performance. With multiple vendors and complex inter-company relationships, manual vendor management can become an operational nightmare. This is why more enterprises are turning to vendor management software to automate processes and centralize vendor data. But with so many vendor management systems (VMS) on… Read More »Selecting the Right Vendor Management Software in 2024
Supply chains today are complex webs of interconnected businesses working together to meet customer demand. As globalization accelerates, supply networks grow increasingly multifaceted and vulnerable to disruptions when coordination breaks down. The Growing Perils of Supply Chain Complexity Over the past decade, offshoring, outsourcing, global transportation integration, and lean manufacturing practices radically transformed supply chain… Read More »How to Foster Supply Chain Collaboration for Shared Success
An In-Depth Guide for Supply Chain Leaders Logistics is the nervous system of the modern economy, moving trillions of dollars of goods around the world each year. Yet it remains frustratingly opaque and inefficient at times. Process bottlenecks, unclear root causes, and demand forecasting errors lead supply chain breakdowns that ripple across global markets. Process… Read More »Unlocking Efficiency in Logistics with Process Mining
Supply chain sustainability has become a strategic priority. With climate change threats mounting and stakeholders demanding ethical operations, companies must transform their supply chains to become environmentally and socially responsible. The good news is a range of technologies exist making this transition possible. By implementing innovative solutions like public cloud ERP systems, smart devices, 3D… Read More »How Technology is Making Supply Chains More Sustainable
Table of contents What is No-Code Supply Chain? What does no-code mean for supply chains? Top 5 benefits of no-code supply chain platforms Real-world use cases How to choose the right no-code platform No-code supply chain platform comparison Expert bio Share article What is No-Code Supply Chain? No-code supply chain refers to the use of… Read More »No Code Supply Chain in 2024: Benefits & Vendor Benchmark