Business strategy and supply chain will have to take into account that as the storm clouds of inflation gather at the horizon, you will have to change the strategic tack to go through the rough patches unscathed.
keep current with the realistic yet cutting edge practice in both the supply chain, and the board room. The business strategy and supply chain from the last two decades will not work any more.
Keep your head when everyone else in the market starts losing theirs. The supply chain turmoil persists and requires new business strategy and supply chain thinking. For general directions, read the blogs below.
Everything You Need To Know About Future Of Supply Chain
According to a recent KPMG study from 2010, the priority for firms with respect to their suppliers remains costs; at the same time, there are also new priorities that are becoming important, such as sharing of knowledge, skills and resources.
Most firms claim that they want a more integrated supply chain with more responsible suppliers with respect to the management of inventory.
Leading firms are now looking for safe partnerships with their suppliers and they use a variety of mechanisms including audits to assure themselves about their supply chain partners.
Increasingly, there are concerns regarding intellectual property management in the supply chain. For instance, in 2008, Carlos Ghosn, CEO of Renault-Nissan said: “We are not anymore in a world where logistics follow”.
information technology in supply chain
The Future Supply Chain has to be flexible. To reach this purpose, supply chain managers must choose safe suppliers and integrate them into a cohesive supply chain.
This shows that Supply Chain’s evolution is at the heart of concerns for the near future. The Supply Chain of the future would be flexible, safe and with a strong partnership between different actors of the chain.
Most Effective Ways To Overcome Future Of Supply Chain’s Problem.
Note: This article was written by a European Intern as part of their work assignment while working at Global Supply Chain Group. It is left online as a model and encouragement for other new entrants in supply chain arena who want to expand their horizons gradually..