NB: This is an excerpt from our latest eBook “Top 8 Trends for 2022 Every Supply Chain Leader Must Know.” To download the full eBook, click here.
During 2021, manufacturing, quality, and supply chain leaders faced unprecedented challenges in the face of the Covid-19 pandemic. For the first time ever, companies all around the world were required to have actionable information about every single supplier and factory in their supply chain. Very few companies were able to reach that level of oversight when the pandemic began.
Now, leaders are looking into the future of supply chains in a post-pandemic world, and continue to invest in technologies that can provide visibility and agility.
With an increased risk of disruption, more demand for sustainable products, tighter government regulations, and the rise of remote work, company leaders must be ready to tackle the weak links on their supply chains and adapt to the new challenges.
Here are 8 trends that supply chain leaders should look out for in 2022.
1. Internet of Things (IoT)
IoT is a fast-growing area in supply chain management due to the benefit of connecting supply chain processes and exchanging critical event data in real-time.
Approximately 66% of supply chain leaders consider their supply chains need to change to adapt to the new normal after the pandemic. The need to obtain flexibility in supplier management and build remote oversight of critical supply chain functions was accelerated by Covid-19, and is not going back.
How can you adapt your supply chain to the future of remote work?
5. Digitization to manage supplier risk and performance
To respond quickly to events, companies must have immediate access to the status of their orders, the factories that produce their products, and the practices of their suppliers. The digital transformation of supply chains gives organizations end-to-end visibility and enables better risk management.
What are the main benefits of digitalizing your supply chain operations?
In recent years, consumers have become more aware of the origin and impact of the products they purchase. Managing the environmental and social impact of the supply chain will be key to building and maintaining a competitive advantage.
How can your organization become more sustainable and increase profits at the same time?