Digital evolution has fundamentally changed our world. Consumer demand and market dynamics now
change rapidly, as customers have grown to expect speed, personalization and connectivity. This
evolution has put supply chain management in the limelight, as an efficient and agile supply chain is a
major competitive advantage in today's market. Throughout 2023 we expect the following items to be
of top priority for supply chain executives:
we have witnessed the profound impact that technology can have on global
industry. The rise of smartphones, GPS systems, cloud computing and e-commerce demonstrate
how technology can present both a risk and an opportunity for players in the market. Emerging
technology such as AI/ML, IoT and Cloud computing will continue to transform supply
management.
when operating in a complex environment, seemingly small decisions can
lead to large unintended consequences. By leveraging advanced analytics, business leaders can
make data driven decisions that reduce risk and lead to improved efficiency, productivity and
financial performance.
Multi-Tier Supply Chain Visibility
companies will continue to outsource manufacturing and related operations to
focus on what is core to their business. Throughout 2023 we expect to see increased reliance on
3PLs and other externally provided services.
today’s consumers are attracted to brands that align with their personal values.
Nearly 50% of U.S. consumers say that they are willing to change their purchasing habits to
reduce impact on the environment. In 2023 the shift towards sustainable products and
sustainable operations will continue to accelerate.
How does your company plan to compete in this evolving business environment? Connect with an Axidio
practitioner today and discover how you can improve performance through optimized supply chain
management.
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