Overcoming supply chain complexities
In the light of geopolitical and technological change, Steve Bowen, CEO Maine Pointe, and Mike Burnette, Associate Director of the Global Supply Chain Institute discuss how to overcome supply chain complexities.
This Maine Pointe insights paper is for CEOs and PE executives includes:
- What are the leading issues facing global supply chains in the next two years?
- The difference between collaboration and integration in global supply chains
- The role of the supply chain leader in a collaborative end-to-end supply chain
What's in this eBook?
Where is the competitive advantage?
How can executives ensure they don’t miss out on this opportunity?
In light of geopolitical and technology change, Steven Bowen, CEO Maine Pointe, and Mike Burnette, Associate Director of the Global Supply Chain Institute, delve into the subject of overcoming supply chain complexities.
As we discussed in a recent joint webinar, with the Global Supply Chain Institute, there are four key challenges facing supply chain organizations over the next two years. They are: keeping the supply chain sustainable, overcoming a rise in supply chain complexity, keeping up with the explosion in data and managing cost-savings fatigue.
The challenge with supply chain sustainability is that it’s largely driven by external forces such as consumer, customer, and governmental expectations. Meaning, not only does your supply chain need to be optimized, but it needs to be agile too. Some of the drivers for the rise in supply chain complexity are digitalization, acquisition pace, new product introduction (NPI) pace, regulation increases, globalization, failed management, etc.
The sharp rise in the amount of data and information is a growing concern if you don’t have improved information for decision making to go along with it. Technology is sharply increasing the amount of data and information available, but supply chains are still searching for information that can speed up and enhance the quality of decision making.
Lastly, cost-saving fatigue is the relentless process to identify and eliminate all non-value-added materials, equipment, processes, systems and resources as evidenced by recent research from the Global Supply Chain Institute.