As supply chains grow more intricate and consumer expectations increase, the ability to track shipments in real time becomes a crucial component for forwarders striving to maintain a competitive edge.
Every pillar of the supply chain — plan, source, make and deliver — must be resilient, says Girsh Dhaneshwar, vice president and consulting practice leader at Cognizant.
Many companies have been busy restructuring their supply chains from global to regional or local for a few years now. But what problems are they trying to solve?
When vetting potential suppliers and customers, it's vital to assess their risk-management profiles and strategies, says Danny Thompson, chief product officer at apexanalytix.
Supply chain leaders today can not only analyze the past and present to determine the likelihood of outcomes, but can also look to the future to manage them — a practice known as prescriptive analytics.