While over 80 percent of companies have demand and supply planning, success has the same probability as a flip of a coin. How do companies improve the odds? Success may lie in the redesign of supply chain planning from the outside-in using cognitive planning. -Lora Cecere, Founder, Supply Chain Insights
Slowing growth, intensifying competition and rapidly changing consumer preference are creating rising cost pressures, driving major focus to reduce supply chain costs across industries. However, companies are stuck in an endless death spiral of cost cutting with little impact to the bottom line. Leading companies are breaking this cycle with ZBSC (zero-based supply chain)— a way to drive profitability by looking forward, continually improving bottom line results in a rapidly changing world. –Gary Hanifan, Managing Director, Accenture Strategy, Supply Chain & Operations Strategy
President Trump on Thursday imposed tariffs on imported steel and aluminum but offered relief to some U.S. allies, a move that marks his administration’s most protectionist step yet but stops short of the global tariffs his GOP allies begged him to avoid.
U.S. consumers have filed a lawsuit against Kobe Steel Ltd and Toyota Motor Corp accusing the companies of violating consumer protection laws and engaging in fraud by concealing the use of substandard metal components in vehicles.
Coming out of the Retail Value Chain Federation Fall Conference, it was clear that retailers, merchandise suppliers and even service providers are facing a do-or-die situation. It's a simple choice – adapt to meet the needs of today's consumer or become obsolete. Period. That means optimizing drop ship and direct-to-consumer operations, practicing strategic trading partner relationship management, expanding into untapped markets, and increasing face-to-face collaboration. -Kim Zablocky, Founder and Chairman, Retail Value Chain Federation (RVCF)
Amazon is the great disruptor, in part because innovation is built into their culture. It’s in their DNA to try new things knowing some of them will fail, and they are experimenting and learning all the time. This cycle of innovation has enabled them to disrupt retail by raising customer expectations – anticipating what customers want and responding with new products and services before anyone else. Amazon is resetting customer expectations around convenience, speed, price and selection. -Robert Dold, Retail Industry Leader, Fortna
Some might call renegotiation of the North American Free Trade Agreement a solution in search of a problem. Other might say it’s a necessary updating of the 23-year-old pact. One Canadian attorney specializing in international trade law calls it "a mess."
Over the past decade, businesses have accumulated a sea of data on their operations, customers and business practices. Businesses have attempted to consume this data to drive effective business solutions with limited success. We are at the precipice where solutions seamlessly consume traditional data and merge it with unstructured data to cohesively drive business planning and execution. -M. Scott Moon, Principal, Tompkins International
The latest supply-chain news, analysis, trends and tools for executives in the pharmaceutical and biotech industries. Learn how pharmaceutical and biotech companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
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