External Data University: Issue #8
December 2022 is upon us, and so are the lingering effects of the pandemic on the supply chain. This week, we’re sharing tips on where to invest to avoid those supply chain visibility gaps and looking at how that’s expanding into the retail consumer market as well.?
?? The Supply Chain Crisis Spurred by COVID is Still Ongoing
The pandemic changed supply chains as we know them: Yes, and companies have shown they’re willing to invest heavily in solutions that address those visibility gaps.?
What kind of solutions are on the market? We may be biased, but our tried and true solution is external data integration. And growing data literacy and management skills across your teams can help develop skillsets to help avoid future costly disruptions.?
I want to learn more: Check out this recent interview of Crux CEO Will Freiberg by Smart Industry.?
?? What We’re Watching
?? External Data’s Benefits Know No Bounds and are Coming for Retail
? Is that even possible? It is. Plus, the benefits of external data in retail, from balancing demand to reacting to supply chain shifts, to identifying to new customer markets are too good to pass up.?
?? Additionally, customers are demanding it: Especially when it comes to ESG compliance.? “Their expectations are shifting. Inflation, supply chain issues, ESG (environmental, social, and governance) awareness, and a looming recession are eroding availability, competition, and values.” Make sure your business’ data integration strategy is meeting customer needs in 2023.?
?? Upcoming Event
Join Crux and Guy Courtin, Head of Global Alliances at 6 River Systems, for a discussion on the importance of third-party data to meet ESG requirements in supply chain management.?
In today’s supply chain ecosystem, demands from customers and regulatory bodies alike continue to rise. Whether it’s a new generation of buyers demanding conscientious choices from their goods and services or climate change concerns swaying government officials, ESG requirements aren’t going away.
Supply chain expert Guy Courtin will speak to his experiences and the changes he’s navigated throughout his career in the supply chain and how external data can help mitigate–and even create an advantage–out of a constantly changing demand.?
Register here for our free webinar on Thursday, December 15th, 2022, at 1 pm EST/10 am PST.?
- Scout?
Scout Scholes
Content Marketing Manager