Moving into 2020, companies are setting new goals to improve and ultimately transform the supply chain. The fact is, consumers are constantly expecting faster and more efficient services. What does this mean for the supply chain? As user experiences become increasingly focused on convenience, the supply chain must become increasingly agile to adapt to shifting standards of operation.
The past year has been a testament to the strength and resilience of the supply chain. More specifically, the retail supply chain. Today, retail sales have fully recovered. While consumers do their part, suppliers are working hard to forecast consumer demand and adapt their inventory accordingly to further plan their logistics and fulfillment.
Risk management is not just about setting up processes and governance models. It entails agility through understanding shifts in culture. While focusing on some of these challenges and opportunities we have outlined, organizations can capture value fully in their risk management strategy and mitigate crises.
