Kodiak, Alaska (Alaska Beacon) - In a forum at Kodiak’s ComFish Alaska gathering, they describe fishery problems as dire and multifaceted, and both want updates to research and management systems The ability to be nimble and open to change should empower the next wave of leaders in the industry.įorbes Business Council is the foremost growth and networking organization for business owners and leaders.Fishing boats line the docks in Kodiak's St. I advise supply chain organizations to enable their practices to transform significantly in anticipation of those challenges. While we don’t know what the next supply chain disruption will be, it does seem likely that another is just around the corner. One way to answer these calls for more environmentally-friendly operations is to examine a closed-loop supply chain. Meanwhile, consumers are more conscious of environmental issues than ever before. Drone and autonomous vehicle delivery could also be in play in the coming years. Consider software that allows for crowdsourced delivery to keep up with consumer demands. Supply chain organizations should consider shifting to a more consumer-logistics fulfillment strategy, and providing innovative solutions for a speedy delivery can help you retain and grow your clientele. Flexibility To Meet Rising Customer ExpectationsĪmazon has had a paramount influence on customer expectations, particularly for faster, more convenient delivery options: 41% surveyed by Statista expect orders in 24 hours. Assurance over the digital supply chain is a key issue that cannot be left unmanaged. The 2023 BSI Supply Chain Risk Insights Report (registration needed) found that organizations see cyber vulnerability and ransomware as the most important issue “in the short, medium and long term.” Organizations can prepare by investing in their IT department and digital skills across the business. Technology doesn’t stop with efficiency it’s also about keeping your organization well-protected. Supply chains will also need to consider how the continued evolution of artificial intelligence (AI), machine learning (ML) and the Internet of Things (IoT) can improve efficiencies. ![]() More organizations will have access to data analytics to gain detailed insights and make more informed decisions, while smart contracts and blockchain technology can help drive greater transparency. ![]() ![]() Tracking packages should become more accurate, too, with the ability to pick up weather delays and traffic patterns. With cargo thefts spiking in 2022, supply chain managers need to harness the power of technology to gain that much-needed visibility.Įmerging digital tools like digital freight matching are becoming more widely available. ![]() However, a Deloitte survey found that just 13% of respondents can map their entire supply chain network. Technology can connect supply chains and give organizations real-time visibility to see, understand and take action on issues. Modern Technology To Account For Modern Risks Consider expanding your organization's footprint to drive growth and reduce the risk of being impacted by unexpected disruptions. Mexico is of particular interest for nearshoring because it offers tariff stability and more logistical options for moving goods to the United States.īoth strategies mark the continued shift to supply chain globalization. Not only does it help them quickly react to global setbacks, because operations are in a country closer to the import destination, but they can still secure cost savings associated with offshore production. Furthermore, organizations have found success nearshoring and using other semi-local outsourcing tactics.
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