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What Are Your Supply Chain Goals for Next Year?

 New Year is the time when business owners are feeling inspired to start strong and have a successful and profitable year. Every New Year comes with the desire to succeed, and it begins by setting up goals and enthusiasm. In supply chain management, business owners and management have the same amount of enthusiasm and setting of goals that needs to be attained. Here are some of the supply chain management goals and how you can achieve them as you head to a new year:

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Here's How We Can Resolve Our Supply Chain Issues

Just two months into the coronavirus pandemic, shelves run empty. There was a dire scarcity of toilet paper, food, cleaning supplies, and household items. This resulted from disruptions in the supply chain due to the coronavirus pandemic. In the wake of these disruptions, various supply chain professionals have stressed the need to resolve issues that have emerged from the pandemic. This was informed by the concerns among players that things might not come back to normal after the pandemic. One of the reasons for this is the need to ensure safety while providing services and supplies for families, students, and everybody else.

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Is Your Supply Chain Budget in Shape for 2021?

This year has been challenging for almost every industry. The supply chain is one of those who have suffered significantly due to the effects of the COVID-19 pandemic.  While the industry seems to be coming to terms with the coronavirus's challenges, some companies are still struggling to cope with the after-effects. Other supply chain companies have shut down entirely because they can no longer sustain operations and maintain a profitable balance. Although things have not worked out as many anticipated this year, there are various steps that can help ensure your success in 2021 and beyond.

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Planning for 2020 Holiday Supply Chain

Holiday planning is underway as many businesses grapple with supply chain logistics due to the Covid-19. Experts predict that a majority of purchases will be made online as opposed to in stores – leading retail stores to rethink how they hire seasonal employees and stock their shelves.

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What's Keeping 3D Printing From Impacting the Supply Chain?

 The ever-rising customer demand is disrupting all sectors of the economy, leading to innovation among those who are in the supply chain and manufacturing sectors. Unlike a decade ago when customers would place an order and wait for a week or even a month, customers today are impatient. They place an order that should be delivered as fast as possible. This has been occasioned by the increased competition in the manufacturing industry and supply chain, as well as increased customer awareness. For example, with the rising number of companies such as Alibaba and Amazon, customers have become choosy and tend to purchase their products based on the time it takes for them to receive their item. For these customers to be satisfied and stay competitive in the current marketplace, companies are now investing in 3D printing technologies to come up with products fast and ship it to the customer at an acceptable time.

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New Learnings about Supply Chains during Crisis

One of the leading topics of discussion that has emerged in almost every circle during the COVID-19 pandemic is the supply chain and the need to rethink this industry in general. The disruption of operations in this industry has also reiterated the need to deploy digitization and use virtual inventories. Using the approaches will encourage organizations to rethink their approach to supply chain and enhance their efficiency even during the time of difficulty as it is the case currently.

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Optimizing Procurement Through Advanced Tax Insights

As the coronavirus pandemic continues to disrupt global supply chains, businesses grapple with many challenges, including the complexity of calculating taxes on thousands of procurement transactions happening each day across state lines and international borders.

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COVID-19 Vaccine is Useless without a Global Supply Chain

The coronavirus pandemic has turned the world upside down. As a result, the economy and everything else is feeling its impacts. One of the areas that have been hit significantly is the supply chain. With the social distancing and lockdown measures implemented in different countries in different regions, the movement of goods has encountered bottlenecks that have never been experienced before. With the rates of infection now increasing by the day, governments and different agencies are rushing to develop a viable vaccine that will protect millions of people around the world from death occasioned by the virus.

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Food Chain is Being Addressed by the FDA

The U.S Food and Drug Administration is coming up with a New Era Smarter Food Safety. This is a strategic blueprint that is aimed at protecting the nation’s food supply by building on over a decade of old-fashioned Food Safety Modernization Act (FSMA). This marks a new beginning in the safety of food with regard to the adoption of technology and other tools to make the supply chain not only traceable but transparent as well. It aims at reducing the illnesses that are caused by food by enhancing traceability, improving response to outbreaks, enhancing predictive analytics. It also seeks to address the changing business models and establish strong food safety cultures.

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Supply Chain Deficiencies are highlighted by COVID-19

The COVID-19 pandemic has clearly exposed the vulnerabilities and weaknesses in global supply chains. It has demonstrated the dangers of relying on a single supply chain route and manufacturing facilities situated in one country for almost everything. As the virus continues pounding the world’s economies, the modern supply chain has been shown as having been built on shaky grounds. This has resulted in businesses and industries struggling to get the necessary materials needed during the crisis. The escalation of the pandemic has put what was seen decades ago as a supply chain process with few hitches under a test and has emerged as seriously flawed.

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