“The industrial IoT will play an important part in the evolution of supply chains from linear point-to-point models to network or circular models. Business efficiency, sustainability and regulatory pressures are causing many companies to investigate these new approaches, but IoT and blockchain actually make it feasible to adopt the new business models,” says Alan Griffiths. READ [...]
Taking advantage of the opportunities offered by today's fast-changing technological landscaperequires procurement functions to blend these advances with activities for value enablement, capturing and sustainment, explains Khushalani, Woodcock and Mercker, partners at McKinsey & Company. “They also need to build deeper and more interconnected capabilities.” READ MORE at CIPS
An autonomous supply chain can help businesses respond with immediacy and decisiveness, says Girish Rishi, CEO of JDA. “This technology is designed to deliver on-demand, navigate disruptions months in advance and help keep your business ahead of any changes in customer buying behavior. Rishi details three core tenets for developing an autonomous supply chain.READ MORE [...]
“The source of competitive advantage is about to change, and your current strategy is most likely going to kill your business unless you prepare,” warns Michael Gravier of Bryant University. “Most supply chain leaders don’t really understand what’s so different about the changes underway thanks to technology, or are simply unable to afford the technology.”READ [...]
No more avocado toast or banana smoothies... they might be eating more lamb and peas. 5-MINUTE READ at Supply Chain Brain
