California wants 5 million emission-free cars on the road by 2030. China, with a far larger population, wants 7 million electric vehicles by 2025. California has a cap-and-trade program to limit emissions from power plants, factories and fuel suppliers. China is launching a cap-and-trade system to lower fuel consumption and cut reliance on oil imports.
Across industries, companies large and small are facing similar supply chain challenges: managing an overwhelming availability of data; meeting the growing demands of globalization; and hopping the artificial-intelligence and machine-learning bandwagon.
For almost 50 years, the operations/supply chain profession has been embracing the sales and operations planning process to balance supply and demand in complex supply chain networks. As a former S&OP process owner for three Fortune 100 manufacturers, I can identify with the challenges associated with developing the process and sustaining it as well. With more and more tools emerging, especially supporting solid supply chain risk management, the future looks bright for strategic S&OP. -Gregory L. Schlegel, CPIM, CSP, Jonah, Founder, The Supply Chain Risk Management Consortium, Executive-in-Residence, Center for Supply Chain Research, Lehigh University
Snow and sleet were falling on Eldon Gould’s 500 acres last week, but he was already looking ahead to planting season; depending on ground conditions and the temperature, that could be just several weeks away.
Not surprisingly, high-tech companies are keenly interested in the potential of artificial intelligence and machine learning to aid in supply-chain management and demand planning. But is the technology sufficiently advanced to fill that role? A SupplyChainBrain Power Lunch discussion.
In today's market environment where strategic priorities revolve around the diverse business objectives of exploring growth in untapped markets, lowering costs and working capital levels, keeping long-term growth intact, and strengthening the extended supply chain, it is vital that organizations perform inclusive integrated business planning (IBP). The "inclusion" considers multiple angles – partners in the supply chain, business functions like finance and product management, end consumers and digital capabilities. -Rich Sherman, Senior Fellow, and Ankit Tiwary, Engagement Director, Global Supply Chain Practice, Tata Consultancy Services