The head of Canada’s second-biggest port has a supply chain sales pitch few of his peers in the global shipping industry can match: zero wait time at sea for container traffic.
Companies are discovering the power of data and analytics to transform their supply chains, but few are actually prepared to take advantage of these benefits.
In recent years, farmers and other food suppliers have recognized the need for technology modernization. But they’ve been slower to recognize the importance of cybersecurity.
The last two years have seen a major shift in the technology available to manufacturers, supply chain and logistics professionals. Yet 3D models remain underutilized by those sectors.
Supply chain professionals have never had more tools at their disposal, nor a more prominent stage to engage with their corporate leadership teams on risk mitigation and business continuity planning.
Even those companies in China whose factories are operating under so-called closed-loop systems may be forced to stop work due to parts shortages or logistical challenges that make moving people and goods around the country near impossible.
Angela Robine, director of strategy-supply chain with VF Corp., talks about the challenge of taking the long view at a time when so many companies are struggling merely to survive.
At a time when supply chain experts are preaching the benefits of diversified sourcing, an alarmingly small number of manufacturers seem to be practicing it.