Sustainable Supply Chain Trends What could be the sustainable supply chain trends in 2024 and beyond? Supply chain management is not the same as ten years ago. And it can be challenging working in an industry that morphs faster than a Power Ranger. Today, supply chain management has become ...
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. ...
“Extreme weather events are the top risk facing supply chains in 2024, according to an annual outlook report from Everstream Analytics. The firm attached a risk score of 100% to the possibility of extreme weather causing supply chain disruption.”[4...
production, and other information in real time; and reduce costs. Manufacturers have used enterprise software such as enterprise resource planning (ERP),supply chain management (SCM), and product lifecycle
Nachhaltigkeit in Logistik und Supply Chain Management Innerhalb der gesamten Lieferkette ist die Logistik der Teil, über den ein Unternehmen direkte Kontrolle hat. Eine Untersuchungen1 hat eine positive Korrelation zwischen den GCSM-Praktiken (Greenhouse Emissions, Recycling, Waste, and...
One of the central traceability challenges highlighted in the Loftware 2024 Top Trends report is response time to product recalls. 48% of organizations surveyed believe the biggest risk associated with not being able to track products through the global supply chain is the...
fostering expanded value chain transparency, and resetting the supply base through advanced demand-management and technical value-creation levers, procurement can align sustainability ambitions and cost-reduction targets. The CFO of a chemical company said to us, “Enterprise value is key, and th...
The logistics industry is experiencing a shift propelled by advancements in digital technology. As we look towards 2024, it's clear that integrating digital solutions into supply chain management is not just an option but a necessity for businesses aiming to thrive in a global marketplace. But ...
2024 subdued sourcing outlook:62% of businesses expect ongoing or worsening supply chain disruptions. Shift in supply chain challenges: cost is a primary disruption, followed by demand fluctuation and geopolitical tensions. Limited supply chain visibility: only 16% of businesses know all their suppliers...
Several developments will likely impact your contract management in 2024, including enhanced collaboration, a new focus on corporate responsibility, and AI.