Excellence in supply chain management may translate to business success. If you are good in this area, you will likely impress your customers in delivering the right products, in the correct quantity, at the right place, at the lowest possible cost and the right time, and to the correct people.  However, getting it right in the supply chain is easier said than done. Unlike the thinking that excellence in managing the supply chain can be achieved through few steps, the truth is that it goes much deeper and entails many other defining actions and strategies. For supply chain professionals, it means that they must have extra attributes that enable them to stand out. Here are some of the winning traits that should define your supply chain.

Leaders in the logistics sector cite the ever-increasing complexity of the supply chain as the main challenge they encounter. This is true considering the changes that we often see in this sector. For instance, there was a time when distribution was local from local producers or the delivery was done by rail or interstate highway. However, the requirements that logistics operations and operators face today are much more complex than ever. Furthermore, the expectations from the customers have evolved significantly. In a more globalized supply chain that we have today and trade routes keep advancing, the logistics and supply chain companies have no option but to change their tactics. Here is what modern supply chain companies, managers, and logistics firms need to do to cope with the ever-increasing complexity in their respective industries. 

Over the past year, the coronavirus pandemic has ravaged the world and adversely impacted almost every industry and economy in general. While there have been many challenges that came with the pandemic, there is a brighter side. The good thing is that the pandemic brought changes that will be helpful to businesses and different industries for years to come. One industry that has seen significant, pandemic-driven changes in the supply chain sector.

If you’re saving up to buy a Tesla – you may have to wait a bit longer. Elon Musk, founder and CEO of the electric vehicle brand; declared that prices of certain models were increasing due to a supply chain disruption that’s currently affecting the auto industry.