The squeeze on capacity is continuing, and responsible supply chain managers have already ensured that their companies' transportation needs for the next year are under contract, says Vincent Chiodo, senior vice president of Transplace.

Linking supply chain and finance is vitally important at MeadWestvaco, says Brian McClure, the company's director of global procurement and supply chain. It helps boost operational excellence, which drives productivity.

Choosing the right supply chain is key to being a good steward of the environment, says Darrell Zavitz, vice president, supply chain, at the Dow Chemical Company. Moreover, there's always good business value in waste reduction and energy conservation.