The first half of 2021 brought with it a wave of massive changes, as well as new disruptions that augmented the chaos surrounding the mass vaccinations in the United States. What is becoming increasingly clear is that the US economy will not go back to a “normal” pre-pandemic state, but that we have set off
Michael Ungar, director of the Resilience Research Center at Dalhousie University, describes how the coronavirus pandemic has exposed weaknesses in the way that companies have been doing business. The pandemic has served to uncover a number of structural weaknesses that existed in the business world long before the current crisis. They include a lack of
At a time when global supply chains and trade flows are being disrupted by the COVID-19 pandemic, and demand patterns are changing rapidly, many businesses are looking to inject more agility into their systems and processes. The World Trade Organization anticipates international merchandise trade will fall by between 13% and 32% during 2020, and almost all
Analyst insight: Many organizations are shifting to more collaborative supplier relationships, especially with their complex, strategic relationships. This is a great trend, but it won’t really take off until those organizations embrace new, progressive collaborative processes for competitive bidding. There’s a shift occurring in sourcing to more strategic, performance-based and “vested” outcome-based supplier solutions. This
Analyst Insight: Autonomous supply-chain systems (also known as self-driving supply chains) make most decisions automatically, without human intervention. Humans deal with exceptions and those decisions that require human judgment. The autonomous supply chain is a journey, not a destination. There is much foundational work for end users to do, with increasing benefits at each stage.