Build smart, more resilient supply chains
Obvious: a supply chain is comprised of processes centered on procurement, manufacturing and distribution.
Ironic: your supply chain itself should be a work in process, moving from the basics of efficient operations to the goal of being a market driver.
Supply chains existed before they even had a name. The first time someone brought goods to someone else—voila! The supply chain was born.
It has evolved over centuries, driven by globalization, changing market dynamics, consumer trends and preferences. This evolution, however, has been slow: limited by availability of resources, by technology, by scaling (and sometimes failing) economies.
What the pandemic taught us, and is still teaching us, is that the global supply chain is almost always playing catch-up. And that it’s more fragile than any of us would have predicted.
What leaders are doing now is taking a closer look at the chain itself. Not the physical process and stages along the way, but the evolutionary framework therein, and learning how to build more resilient, predictive, and market-driven supply chains.