Inventory distortion isn't just a problem for supply chain teams; it results in missed sales, dissatisfied customers, excess wastage and capital tied up in stocks.
The manufacturing industry is facing a significant workforce challenge. Many older, more experienced workers are retiring, and not enough young people are coming in to replace them.
Building structural resilience, and putting the right solution in place to suit your unique brand now will ensure that firms can emerge from a volatile economy and recession stronger.
The chemicals industry, which contributes trillions of dollars to the global economy every year, is undergoing a significant transformation due to recent social and political trends.
Gartner predicts that by 2028, 70% of companies will adopt regionally diversified supply chain models to improve network resiliency in the face of ongoing global disruptions.
Artificial intelligence can aid in the primary goal of warehouse management: to get the right inventory as close to the end-consumer as possible, says Corey Calla, president and CEO of SencorpWhite.