Among the current uncertainties within the global trade landscape, companies have even more reason to manage working capital as efficiently as possible.

The ability to act and operate with efficiency in mind is largely dependent on a company's ability to predict changes in demand as early as possible. There will always be a delicate balance between flexibility planning and cost.

A recipe for success for supply chain leaders and decision makers is to combine conventional supply chain operating models and nontraditional business models rooted in the customer experience and innovation.

New trends are taking shape in the supply chain with an emphasis on technology implementation as it has shown to be an asset and vital role to effective supply chain management. We have identified key supply chain trends to look out for and follow in 2021.

The first priority for businesses at the onset of the COVID-19 pandemic was the well being and protection of employees. Now, seasoned leaders navigating the volatile business landscape have some experience under their belts and therefore, they have seen what has and what hasn’t worked.

Experts suggest 5G will cause a paradigm shift that will transform industries and ultimately, how the world functions to operate. The technology will be felt across the logistics sector.

The hardest part about planning for the holiday season is having an accurate demand forecast to help inform your supply chain logistics teams. As for what will happen this holiday season? It’s hard to tell, but one thing is for sure: being highly detail-oriented will serve operations well.

After months of endless disruption and unprecedented challenges, retailers must get this holiday season right. As Black Friday and Cyber Week draw closer, businesses and carriers are cautiously optimistic.

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.