There’s no single reason why supply chain issues are still haunting both big and small retailers. There seems to be a perfect storm of supply chain issues: international conflicts, budget cuts, climate issues, labor shortages, and financial downturns. Each supply chain disruption makes it difficu...
What will impact supply chains this year? Discover the top 5 most likely supply chain risks in 2024.
Without further ado, here is a status update of the top 10 disruptive issues we’ve uncovered, and what they mean for shippers in 2024: Red Sea Risks Panama Canal Inflation outlook Key labor issues Cybersecurity Global Trade: Re-shoring, Near-shoring, and Off-shoring Supply Chain: Shipping ...
British retail chain Marks & Spencer warned that the turmoil would delay new spring clothing and home goods collections due in February and March.” This delay in the supply chain ripple effect can cause disruptions globally, affecting the flow of goods and exacerbating inventory management issues....
The biggest gap could be the one at the top of the organization. Few surveyed supply chain executives believe that their boards have an in-depth understanding of supply chain risk. Only a quarter have formal processes in place to discuss supply chain issues at board level. All this could lea...
the management of the supply chain has been entrusted with more missions, and has also shouldered the heavy responsibility of coping with climate change and managing natural issues. At present, both Germany and Norway have passed...
will require supply chains to become more agile and flexible. The confluence of data and technology will allow supply chain leaders to build strategies to overcome multiple challenges posed by changing regulations, environmental conditions, workforce requirements, and a host of other pressing issues....
In 2024, risk management will take a front seat as companies aim to proactively identify and mitigate potential disruptions. Diversification of suppliers, the adoption of agile supply chain models, and the use of predictive analytics for risk assessment will become standard practices. ...
Supply Chain 2024Download the Report During the COVID-19 pandemic, the world realized that supply chains are fragile and can have significant national strategic implications, especially at a time when geopolitical competition is on the rise. Recent attacks on shipping in the Red Sea further show ...
Q: What supply chain opportunities will 2024 bring? A: Our effort on the road ahead is about building value-added protections or redundancies in businesses, thinking about how to respond to challenges before us and going through those responses with supplier networks in the event we become con...