Supply Chain Management: The Gift That Keeps on Giving
1279269465
Global supply chain leaders spent the last three years struggling to cope with an endless series of crises in creative ways. Almost all of those interviewed for a recent McKinsey survey, or 97%, reported applying some combination of inventory increases, dual sourcing, and regionalization to boost their company’s resilience. Eighty-three percent even said those measures paid off, and that disruption was held at bay.
Work on improving visibility. The most successful companies are those with end-to-end visibility across all facets of their supply chains. They can track the genealogy and provenance of specific batches of items, to limit the impact of recalls. And they can place orders more effectively than their competition by better anticipating shifts in supply and demand.
