Resilient, Intelligent, Secure

In the past three years, the global pandemic, economic disruption and broad shifts in consumer behavior caused a domino effect of supply gaps that exposed long-standing vulnerabilities in our supply chain.

Despite the need for better supply chain management, business leaders have been slow to act, having for years chosen efficiency over resilience. Delaying action, however, can expose supply chains to serious financial and economic risk.

So what can business leaders do to improve supply chain resiliency?

There is a large opportunity for businesses to identify areas where they can strengthen their own supply chains, reducing the risk of supply shortages while increasing production and output. This includes:

• Analyzing how your existing supply chain works, how much is impacted by internal versus external resources, identifying where supplies can be diversified and when production can be brought in-house
• Identifying where workforce gaps exist along the supply chain and where they can be better filled and retained
• Investing in new R&D and technology to connect your finance, sales and operations systems, and develop opportunities for innovation
• Building smarter maintenance and machine learning models to maximize equipment uptime, quality and efficiency and product life