Future-proofing the Supply Chain
The Supply Chain Issue has become a top priority for most businesses in the past two years, thanks to the health and economic crises set forth by Covid-19.
In order to future-proof their supply chains, forward-thinking CSCOs must balance traditional goals such as cost, quality, and service with new priorities for the rest of the 21st century.
New priorities should now be considered in redesigning the supply chain for the rest of the 21st century.
- Resilience. Supply chains need to address how to bounce back whenever disruptions happen.
- Agility. Supply chains need to be equipped with technology that will allow them to evolve with the increasingly volatile customer and consumer needs.
- Sustainability. Supply chains play a heavy role for companies wanting to switch to a clean and socially respectable economy that honors the resources of the future generations.
Unfortunately, most organizations currently lack the effective systems needed to achieve these qualities in their supply chains. It’s not possible to simply add resilience, agility, and sustainability to existing supply chain setups.
To future proof the supply chain, new priorities must be built into the foundation of every element of supply chain design, organization, and operation. This kind of transformation requires extensive planning to succeed, as it will require businesses to fundamentally revise their operations.
* Leads Resources can assist you in developing a program to help you re-evaluate your vendor relationships. Contact our team for more information.