SUPPLY CHAIN MANAGEMENT
down to having accurate information faster and , as such , supply chain transparency is a critical contributor .
In other instances , the ability to pivot is largely based on the availability of alternate sources of supply to enable production continuity . Stockpiling inventory is rarely an effective strategy to improve resilience over anything longer than the very short term .
“ In general , we ’ re seeing that customers are willing to pay for innovation that drives better reliability and visibility for their businesses .”
On the other hand , Joe maintains that agility is essential for businesses looking to strengthen their supply chain resilience .
He concludes : “ For a truly resilient supply chain , firms need to strike the right balance between being strong enough to withstand unforeseen disruptions and flexible enough to adapt to changes swiftly .
“ Achieving agility requires continuous improvements to supply chain processes , including constant evaluation and optimisation that will ensure supply chains can quickly adapt to unexpected changes .
“ For example , labour markets continue to be very challenging , so adding people to accommodate growth or seasonal peaks is not always feasible . Solutions such as AMRs – to expand capacity – and gamification – encouraging workforce retention , recruitment and productivity – will continue to be key .”
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