Top-performing supply chains are investing in AI/ML to optimize their processes twice as much as low-performing peers. The best organizations focus on productivity, not efficiency or cost savings, to sustain growth. A recent Gartner survey aims to understand how supply chains are adapting to changes in economic values and harnessing digital assets for productivity.
Read MoreHalf of supply chain leaders plan to implement generative AI (GenAI) in the next 12 months, with an additional 14% already in the implementation stage, according to a survey by Gartner, Inc. The survey data also showed that chief supply chain officers (CSCOs) are dedicating 5.8% of their function’s budget, on average, to GenAI.
Read MoreLabor productivity levels are historically low and stalled out largely due to a lack of investment in workforce innovations. One clear symptom is that turnover is 33% higher in supply chain organizations compared to pre-pandemic levels. While that may paint a discouraging picture, it also provides an excellent basis for supply chain leaders to experiment and rethink how they unlock, mobilize and augment the workforce to greater productivity.
Read MoreThe next few years will find retailers across the country focusing on significant business model innovations by harnessing technological intellectual property to build resilient digital supply chains that ensure the delivery of high customer experiences at scale. Technology and business leaders will be challenged to demonstrate greater agility and continuity in a market that will continue to be volatile and unpredictable. So say Scott Ernst and Kayla Broussard, executives with IBM’s cloud advisory and cloud architect practices, in a podcast interview with BizTechReports.
Read MoreIndustry suppliers from truck and trailer OEMs to commercial telematics providers continue to feel the pain of delayed semiconductor shipments alongside rising growth opportunities. The commercial transportation industry is facing significant semiconductor shortages through to at least the end of 2021 leading into 2022.
Read MoreThe evolution towards an autonomous supply chain has already begun, and this transformation coincides and is driven by members of Generation Z (Gen Z), that have just started to enter the workforce, according to Gartner, Inc. Today’s supply chain leaders expect them to be innovators that accelerate supply chain digitalization and pave the way towards hyperautomation.
Read MoreA global Gartner, Inc. survey found that 87% of respondents plan investments in supply chain resiliency within the next two years. The survey, conducted from September 2020 through November 2020, showed that even more supply chain professionals (89%) want to invest in agility (see Figure 1).
Read MoreNew research by the World Economic Forum and BCG shows that it’s possible to decarbonize major global supply chains with readily available technologies at low end-to-end costs. The commitment to tackling climate change is accelerating in all sectors of society, with net-zero pledges from companies, cities, and states doubling in the past year.
Read MoreNontraditional competitors – especially digital giants, such as Amazon and Alibaba, as well as startups – are reshaping industries through disruptive innovation, the ability to uncover and address unknown customer needs and very agile supply chains.,
Read MoreSweeping market changes have made it clear that supply chains, long managed to be cost-effective and reliable, must also now be resilient and sustainable. Making this resilience a reality requires executives to have visibility into how materials and goods enter and move through the chain, as well as tracing inputs and outputs all the way to the hands of the customer.
Read More“Supply chain leaders spend a lot of time working to understand and improve their internal operational metrics, but it’s important to introduce customer experience metrics into the supply chain scorecard,” said Beth Coppinger, senior analyst with Gartner.
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