"Collaboration across the supply chain is becoming more essential than ever." I recently listened to a podcast hosted by Scott Luton featuring insights from Evan Junker, MBA, PCM and Dr. Dinesh Dave` discussing latest trends in supply chain technology and sustainability. ?? Key Priorities for Supply Chain Managers Over the Next 3-5 Years: 1. Supply Chain Visibility 2. Predictive Analytics 3. Demand Planning 4. AI Technologies ? ?? Investment Insights: While companies are planning significant investments in AI and sustainable technologies, there’s a notable gap between current spending and what’s needed. Many recognize the urgency to invest more in sustainability, but building a business case can be challenging due to the difficulty in measuring tangible outcomes. ? ?? Customer-Driven Sustainability: As customer demand for sustainable practices rises, businesses must act to retain major global clients. This shift is driving more concrete actions within supply chains. ? ?? Power of Collaboration: 46% of supply chain managers report familiarity with supply chain technologies and actively collaborate with suppliers on supply chain initiatives. ? ?? Opportunities for Optimization: Combining supply chain technology with sustainability presents exciting opportunities. For example, optimizing routes for third-party logistics (3PLs) can yield cost savings and reduce environmental impact. ?? Importance of Data: Companies that measure greenhouse gas (GHG) emissions often have a comprehensive supply chain management program. However, a lack of familiarity with technology and sustainability can hinder data-driven decision-making. ? Lack of awareness in supply chain can cost missed opportunities. How are you addressing the challenges of integrating technology and sustainability in your supply chain? #SupplyChain #Sustainability #AI #DataDriven #Collaboration #Logistics
Great set of takeaways.
Passionate about sharing stories from across the global business world
1 个月Thanks for tuning in Wan Ting Tay - and I love your key takeaways here. Have a wonderful week.