Numerous factors are responsible for congestion in the retail supply chain. Mike Curtin, senior vice president of apparel and soft goods with Logility, explains what companies are doing to overcome those hurdles.
Supply chain managers need access to real-time information about all variables in the supply chain, which means they need unprecedented levels of transparency.
When cargo is at rest, it’s also at risk. As disruptions such as strikes at major U.K. ports continue, shippers are scrambling to keep cargo moving so it’s harder to steal.
Global supply chains are by their very nature complex, but data analytics offers an opportunity to simplify planning and forecasting, and create more resilient sourcing, production and distribution, says Melissa Koeman, client executive with Varis.
With the stakes rising from temporary revenue dips to more serious product shortages, it’s time for a shift in our approach to this “new normal” of supply chain instability.
Passage of the CHIPS Act came at an opportune time, as chip manufacturers had suspended plans to build new fabrication plants in the U.S., saying they wouldn’t proceed without U.S. government subsidies.
Supply chain companies can proactively prepare for and prevent cyberattacks, and respond if vulnerabilities are detected, with the help of pen testing as a service (PtaaS).