Blogs

Revolutionize Your Supply Chain with Retina: Real-Time Insights, AI Magic, and More!

Struggling to track your supply chain's key performance indicators (KPIs) effectively? Retina streamlines KPI visibility, offering real-time tracking, historical data, customizable dashboards, alerts, automated reporting, and real-time chat for seamless collaboration.

Supply chain network design is the process of modeling a supply chain to better understand the costs and time associated with bringing goods and services to market. By optimizing the supply chain network, organizations can ensure that they are using the best procurement and manufacturing methods, modes of transportation, the best routes, and the right blend of intermediate assets to meet business goals.

In today's fast-paced and complex business environment, supply chain disruptions are becoming increasingly common. From natural disasters to geopolitical tensions, a variety of factors impact supply chain performance. To minimize the risk of disruption and delay, businesses are taking action to increase supply chain resilience.

Today's consumers are attracted to brands that align with their personal values. Nearly 50% of U.S. consumers now say that they are willing to change their purchasing habits to reduce impact on the environment. The shift to being "eco-friendly" isn't just a trend; the relationship between consumer values and brand purpose will continue to strengthen in the future

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:

Few emerging technologies have created as much hype as blockchain, which has the potential to revolutionize the world of digital transactions. According to Deloitte’s 2019 Global Blockchain Survey, “53 percent of respondents say that blockchain technology has become a critical priority for their organizations in 2019 – a 10-point increase over last year”. As the use of blockchain continues to expand, it is important for businesses to understand the cost and barriers of implementation versus the value that the technology can provide.

Managing a complex supply chain network is a challenging endeavor that requires extensive communication and collaboration with internal and external stakeholders. The construction and maintenance of an efficient supply chain network requires considerable effort, time, money, expertise, industry connections, the development and implementation of technology – these are all inputs that are required to position your supply chain for advancement.