SupplyChainBrain’s Post

To establish truly resilient supply chains, it is not enough to just think about the supply chain as such. It is absolutely necessary to shift left and think outside the box. Volker Albrecht explains what this means in an interview with Russell W. Goodman from SupplyChainBrain.

🚚 🚨 How can companies mitigate supply chain disruptions? To mitigate supply chain disruptions, companies can adopt several strategies:  -𝐏𝐫𝐞𝐩𝐚𝐫𝐞 𝐁𝐚𝐜𝐤𝐮𝐩-𝐒𝐮𝐩𝐩𝐥𝐢𝐞𝐫 𝐀𝐫𝐫𝐚𝐧𝐠𝐞𝐦𝐞𝐧𝐭𝐬: Having alternative suppliers ready ensures continuity even if the primary supplier faces disruptions. Diversifying sources reduces dependency on a single provider.  -𝐆𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜𝐚𝐥𝐥𝐲 𝐑𝐞𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐒𝐮𝐩𝐩𝐥𝐲 𝐋𝐢𝐧𝐞𝐬: Companies can strategically distribute suppliers across different regions. This approach minimizes risks associated with localized disruptions (e.g., natural disasters, political instability).  -𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐈𝐧𝐯𝐞𝐧𝐭𝐨𝐫𝐲 𝐋𝐞𝐯𝐞𝐥𝐬: Maintaining higher inventory levels acts as a buffer during disruptions. While this incurs costs, it enhances resilience by ensuring product availability.  -𝐂𝐫𝐞𝐚𝐭𝐞 𝐂𝐨𝐧𝐭𝐢𝐧𝐠𝐞𝐧𝐜𝐲 𝐏𝐥𝐚𝐧𝐬: Develop emergency plans for supply chain disruptions. These plans outline steps to take when unexpected events occur, allowing swift responses.  -𝐈𝐦𝐩𝐫𝐨𝐯𝐞 𝐒𝐮𝐩𝐩𝐥𝐲 𝐂𝐡𝐚𝐢𝐧 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲:  Enhance visibility into the supply chain. Identifying vulnerabilities and understanding the entire network helps proactively address risks. Additionally, some companies are leveraging AI tools to prevent disruptions. For instance, Walmart, Tyson Foods, and others use AI to engage alternative suppliers swiftly and pre-qualify them ahead of time. These combined efforts contribute to a more resilient supply chain.

Are retailers still dealing with disrupted global supply chains? 🤔 Is recent data indicating that the situation could be improving? 📈 To minimize future disruptions, businesses must focus on building resilience by assessing risks, embracing digital, and fostering collaboration. Technologies such as real-time visibility, demand forecasting, and transportation management can improve supply chain flexibility. By leveraging AI, communication and decision-making, it can be streamlined to enhance supply chain operations. �� Learn more by reading our latest insights: https://lnkd.in/ezG3hAhJ

The adoption of automation technology is now essential for thriving in the supply chain industry 🦾 Over the past year, there has been notable growth and increased productivity due to the implementation of innovative technologies like AI and smart operations. As we look ahead, how will this ever-changing technological landscape impact the future of operations? 🚀

The impact of digital technology on supply chain management is extensive. #ConsumerGoods #SupplyChain #CloudBased #DigitalTransformation

Abe Eshkenazi highlights 4 trends that will shape supply chains this year. The common thread? Technology. Abe makes a compelling case for why digitization is at the heart of supply chain transformation. Take a look here: https://lnkd.in/gwGnqA_b #supplychainmanagement #supplychain #supplychaintransformation

The impact of digital technology on supply chain management is extensive. #ConsumerGoods #SupplyChain #CloudBased #DigitalTransformation

The importance of automation technology in the supply chain industry is undeniable, it is now a crucial element for achieving success 🦾 Over the past year, we have seen a remarkable increase in productivity, all thanks to the implementation of innovative technologies like AI and smart operations. As we look ahead, what impact will this ever-changing technological landscape have on the future of operations?

The adoption of automation technology is now essential for thriving in the supply chain industry 🦾 Over the past year, there has been notable growth and increased productivity due to the implementation of innovative technologies like AI and smart operations. As we look ahead, how will this ever-changing technological landscape impact the future of operations? 🚀

The adoption of automation technology is now essential for thriving in the supply chain industry 🦾 Over the past year, there has been notable growth and increased productivity due to the implementation of innovative technologies like AI and smart operations. As we look ahead, how will this ever-changing technological landscape impact the future of operations? 🚀